Swingtrade
LALPATHLAB breakout on weekly trendline with high volumeLALPATHLAB has given a breakout on weekly trendline with high volume. It's good stock and almost trading in downtrend since 2021, and corrected from ATH -4245. Now trend reversal is expected and can achieve targets up to 3250 in coming weeks. Keep eye on it or add at mentioned levels.
INDUSIND BANK INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if a weekly candle closes above it for targets of 1500 levels in medium to long term
Bajaj Auto - 27% gain potential in positional trade Key highlights:
1. Bounced off weekly demand zone
2. Took support from 200 MA
3. Formed the Morning star pattern on 200 MA + demand zone
4. Reclaimed the flip level
5. Bounced off from the psychological level of 3000
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
BAJFINANCE - Swing TradeBAJFINANCE
Buy-Above 5900
Sl-5500
T- 6600 7250
Stocks has formed reversal structural in daily daily. It has closed above the Last swing high. Also breakout of the trendline an retest has been done. As of now we will give some space in sl but as it moves further and makes another leg then will trail sl to last swing low in daily TF.