BHARAT ELECTRONICS_BULLISH MOMENTUMBHARAT ELECTRONICS moving towards uptrend in Rising Wedge Pattern and also its seem like a inverted typical head & shoulder forming. so, keep concentrate for breakout confirmation. In daily chart, if price open & close above the trend line. Pattern will activate then it will move towards upward resistance.
Swing
Positional Pick(Larsen and Toubro)The Stock has given a breakout from a falling wedge kind of pattern and also formed a bottom in higher timeframes.
Can be Brought At CMP from targets of 1670(Swings) and 1740(Positional Basis).
Fundamentally, Stock is very strong could be a nice time for investing (Short to medium term).
Tatamotors LongPrice has liquidated orders below the low,i.e., stophunted early buyers and proceeded to take out some sellers' stoplosses.
Price then retested the demand zone, an opportunity I missed. Will be looking to long at the demand zone formed.
Preferably would like to see lower timeframe shift of structure.
Levels on chart. Not financial advice.
P.S.: BOS= break of structure
HDFCAMC longPrice has shifted bullish weeks back but has yet to retest some demand zones.
It may not come back for retests but if it does, high RR trades are a given (refer to Tatamotors idea)
Stophunts just prior to the demand zone formations marked in color green add probability.
Note that the zones have been refined based on lower timeframes.
When price touches the demand zone, confirmation such as LTF shift in market structure will provide the entry.
NIFTY SWING TRADE LONG SETUP...After the breakout of bearish pole and flag pattern in nifty with a gap, nifty is making a descending triangle pattern on 1H time frame.
There is bullish divergence in RSI which is making our trade more confident. Market can fill the gap that was created. You should keep an eye on the bullish side breakout. Your first
Target can be 200 EMA on 15 M time frame.