JUSTDIAL:- The stock was running in parallel channel for a long time, now it has given a breakout of the upside trendline of that channel and is trying to sustain above the resistance, if it sustains, then you can make a plan for upside, till then keep an eye on the stock
As always, simple and neat charts so everyone can understand and not make...
This is the monthly chart of Sensex.
A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline.
Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89.
This barrier is also a resistance point according to the Fibonacci...
Breakout on daily charts with brilliant volumes.
Seeing some selling pressure currently. Good to buy if sustains above 96.50 today.
Add on retracements (after bounce back form retracements, add more)
ENTRY: Above 96.50 (if sustains)
Targets: 105, 115, 122++ (obeying the path marked)
Stop loss: 91.30 (Considering buying around 96.50)
TRAIL STOP LOSS
FOLLOW IF YOU...
4 year old trendline breakout with good volumes and sustainability above the breakout zone.
Entry: CMP (Retracement may be seen, so buy half quantity here)
Targets: 1174, 1290, 1380
Stop loss: 935
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
TVSMOTOR | Short time investment opportunity.
Breakout above the wedge, Sustained to close above last 4 weeks
CMP : 457 (Can buy upto 430)
SL : 420
Target : 515, 600
In my opinion it may consolidate for few weeks to months.
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records...