Weekly chart
- Breakout Retest + Rejection from Support on Retest
- Upmove on above average volumes while pullback on declining volumes
- looks good for swing/ positional trade
Bitcoin
Cmp - 32750
Stop - 30500 on DCB
Expectation -
T1 - 41300
T2 - Open, Review at 41300
Expected Holding Period - 30 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
-Daily Chart
- Cup & Handle Pattern
- Looks good for a swing/ Position if closes above 3293
- Manage Risk using stop-loss and appropriate position sizing
General Insurance (GICRE)
Cmp - 201
Stop - 170 on DCB
Expectation -
T1 - 340
T2 - Open, Review at 340
Expected Holding Period - 120 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
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WatchList
- Coming out of 5 month long correction
- Tightening towards right
- looks poised for a breakout
- looks good for a swing trade if breaks the resistance line with volumes and sustains above it.
Adani power gave breakout of head and shoulder pattern in 1day time frame
it should retest its support 101-104 and then follow the pattern and go up
Cmp:- 105.75
entry :- 101-103 after taking support on 1 day chart
target:- 112,116,118,120
Stoploss :- 99-97
