Swing
Why am I bullish on Marico. Analysis on Daily, Weekly & MonthlyPatterns play an important role in trading. Especially when the same patterns appear on the different time frames.
In Marico we see the formation of triangle patterns on Daily, Weekly and Monthly time frames.
Daily Chart - Ascending Triangle Pattern
In two trading sessions the price had tested the upper and lower length of the triangle.
So, from this we predict the price is ready for a move.
Weekly / Monthly Chart - Symmetrical Triangle Pattern
This triangle pattern has a success rate of more than 70%.
And the price is near the upper length of the triangle on both time frames.
If we see the broader picture of these 3 time frames the stock looks bullish as it tries to move upside.
The price may be volatile on the daily time frame. The probability of the volatility is very high.
The volatility on the daily time frame makes the price comfortable on the weekly and monthly time frames.
Mahindra cie strong resistance area#mahindracie
Mahindra cie auto
Close to 14 years resistance breakout area.
Keep and eye and enter on breakout.
#vr
long term investment; min 70% return; inverted head and shoulderadd this stocks to your watchlist and wait for the breakout
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
Swing Trade - BUY now and sell at resistance lineThe resistance line and support lines are clearly drawn and they are well respected.
Stock is In slight Uptrend.
Price is near Support Level after retested.
So Buy now at CMP.
Sell at Resistance Line (You decide the price)
Stop loss is below the Support Level (Check chart and put your own SL price)
coromandel - Equity / F N O / Intraday - swing - long termNSE:COROMANDEL
INTRADAY - SWING - LONG TERM
Date of analysis : 27 January 2021
Time Frame : 60 Minutes
Graph Pattern : Double Bottom
RSI Indicator : RSI Bullish Divergence
Observation :
1. Accumulation between 745 - 750
2. Trendline Breakout in zone of 745 - 750
3. Important support 725 -730.
4. After channel breakout Trend will be bullish.
5. Price action, indicator and pattern indicates possible Bullish move after channel breakout.
Intraday : 768 - 770 / or as soon as channel breakout/ or accumulation zone 745 - 750.
Stop loss : Not more than 2%
Target For short term / SWING = 466 - 780 - 795 - 800 (Strong Resistance) - after managing to break 800 underlying will move very fast
Long term Target - 466 - 780 - 795 - 800 - 815 - 880 - 910 - 950
Note : FnO Trader can go long in Future with Married Put strategy (Buy Future + ATM Put)
Possibility of a breakout in MAPMYINDIAPossibility of a breakout in MAPMYINDIA
Entry: Above 1450
Targets: 1550, 1700 & 1850
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Possibility of a breakout in ADVENZYMESPossibility of a breakout in ADVENZYMES
Entry: After breakout confirmation
Targets: 300, 325 & 350
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.