Supportzones
BAJAJCON retested breakout levelBAJAJCONS has a weekly trendline resistance and horizontal resistance at 270 level and it retraced to 230-236 level and started raising. once it closes above 270 on weekly next resistance is at 320 which coincides with 200WMA and horizontal resistance.
RSI also nearing 60, indicating bullish momentum.
it took support at 21EMA.
USOIL - Parallel channel pattern formationUSOIL - Parallel channel pattern formation
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Drreddy | Bullish Parallel Channel & Falling Wedge 🎯-----------------------🙏🙏NAMASKAR 🙏🙏-----------------------------
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⭕ Day Trading opportunity ! min Chart Alert !!! ⭕
--Buy above =5126 or CMP
--Target = 5594
--Stop-loss = 4926
--Lot Size = 125
--R:R = 2.35
--Expected Profit = 58,000 ₹ per lot ( 9.14% )
--Expected Holding = 10-20 day only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) stock is moving on Bullish parallel channel
2) falling wedge pattern breakout
3) resistance breakout with volume & candlestick pattern
4) multi time frame analysis is bullish
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
CRISIL AT MULTIPLE SUPPORT LEVELThe positive pointers to go long:-
CRISIL has made a pullback to 0.236 fib levels, matching the price action support levels at 1900.
The RSI has made an breakout, the price may follow it ( once the declining trendline is broken).
The price is at the upward sloping trendline.
Aggressive trade is to go Long at current levels. Conservative trade is to wait for a breakout with volume on the declining trendline.
SL level at 1775
Target levels @ 2110 / 2300.
Other interesting thing to watch is the volumes on the down days. The decline from the top has see 5 above avg volume distribution days, making one to proceed with caution if one has to trade long.
Crude Oil Ascending parallel channel at 2 hour TFMarket Analysis - Crude Oil is still inside Ascending parallel channel at 2 hour TF and it's approaching S4 zone
Infratel #Supportrange I think that it would be a good swing opportunity as Finance Minister announced several incentive plans to boost production in various, telecom sector is also in the bucket list. Lets watch and take a position according.
Asian Paints | volume engulfing at the top of channel will fall SWING trading opportunity
CMP = 2178
1st target = 2115
2nd target = 2067
stoploss = 2230
lot size = 300
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Manappuram Finance: AnalysisManappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area).
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Upcoming support zone will be around: 134.50. Good Shorting Opportunity.
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Stop-Loss must be over the immediate resistance level i.e somewhere about: 158.35.
Asian Paints: Breakout tradingKeep an eye on Asian paint it is on its very verge of breakout. There is a possibility of one more retracement in nearby time. Sellers fail to bring this stock down multiple times in 1 hr time frame.
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Reason to buy:-
1) 2000 is psychology level breaking above which will be a good move.
2) Reduction in seller's strength to pull this stock down (Mentioned in the chart).
3) Bullish Triangle pattern formation.
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Best level to buy : 2005.10
Stoploss will be immidiate lower swing i.e 1948.00
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Intraday best posible target 2%
