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).
Swing
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.
TATASTEEL LongLets wait and see if NSE:TATASTEEL can give an inverted Head and Shoulders Pattern breakout with rising RSI, price staying above 200 DMA and Bullish MACD crossover and line crosses above the zero line.
Buy when Day close Above with Volume: 1275
SL: 1150
Target: 1400
Disclaimer: For learning purpose only. I am not a SEBI registered analyst and not responsible for your profit or loss. Please consult your financial advisor before trading.
SOLARINDS LongNSE:SOLARINDS is trading in a channel. Buying with small SL when the price rises up and is near channel low.
Buy NSE:SOLARINDS Above: 2420
SL: 2180
Target: 2660
Disclaimer: For learning purpose only. I am not a SEBI registered analyst and not responsible for your profit or loss. Please consult your financial advisor before trading.