Swing
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.