PSUBNKBEES | Investment on ETF opportunity INHS pattern with good breakout above previous supply zone - Looks potential for 60%
CMP : 31 (Dip : 21)
SL : 25
Target : 45, 48
Since it is Index it could be a safe bet and low volatile.
Thanks to @Ananthan21 for bringing to notice :)
Levels Perfectly Captured and shared for FREE Everyday !!!
IRB Traded under 190 broken that channel and entered in to next phase and consolidating.
216 was Resistance level, yesterday Formed Bullish Harami with good volume and almost tried to broke yesterday it self.
Hats off to Price Action !!!
Happy Trading !!
buy above 14400 for Intraday and Swing
safe buy above 14600
for swing trade keep stoploss below 13500
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only...
BHARTIARTL | Small channel breakout - Potential for 8-15%
CMP : 708 (Dip : 700)
SL : 675
Target : 750, 805
1:2 risk reward setup (2 Hours time frame)
Second target is based on the Fibonocci tool
Similar to TATACOFFEE setup we traded recently.
In ICICIGI, Bullish MACD crossover on daily timeframe indicating reversal sign in this stock. Also, This trading near support level of ascending triangle pattern and 200 EMA. Expected this will give upside rally upto 1600+ level in upcoming few trading session.
Buy ICICIGI @1470-1480
Stop loss - 1400
Target - 1600+
I just come across this while random scanning.
Yearly breakout usually sustains.
Hence any retest could provide a good Risk Reward entry & a weekly closing above 240 could become a great confirmation for upward move.
P.S. : I'm personally not taking any new position without having conviction in its fundamentals. & also, Nifty is in bit of correction phase thus...
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice...
In last trading session GRASIM gives breakout of ascending parallel channel's resistance line. After this breakout expected this will continue it's bullish rally towards the 1915+ in next few trading session. We can go long in this stock with stop loss of 1680 for target of 1910+ for short term.
SHAKTIPUMP | RSI + Trendline breakout | Looks potential for 30%
CMP : 800 (Dip : 750)
SL : 730
Target : 1050
1:4 risk reward setup
Target calculated based on Fib and Triangle size
Not necessary to exit with the stoploss at 730, it has very good support till 650.
This stoploss is only applicable for momentum trade who is taking breakout trades as per this pattern.