swingtrading

To watch PA. Short below 680 SL approx 10 TP approx 30.

Nifty pulled back in a converging wedge pattern till golden fib 61.8 level and developed a clear bearish engulfing candle pattern in 30m chart. Short trade can be initiated below 11380 (spot) tomorrow with stop loss at 11480 with a target of 11110 (RR>2.5). Trade is not recommended for intraday traders with capital less than 1.5 Lakh Rs.

Maruti completed a bull phase with supply seen in the 8450 - 10000 rectangle zone. The scrip appears to be breaking out of a year long downward channel move on the back of rising demand as seen in the volume with reasonable accumulation. Stop Loss: 6650 Target: 8450

Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle. RSI(14) indicates a build-up in strength. Target: 30800 SL: 28500

Swing Trade with horizon of about 3 months. Target: Rs. 2200. Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200). Support is seen at Rs. 1920.

Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend. Longs may be initiated on dips (closer to EMA 9 on the weekly charts)....

Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year. This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!

Paper trade

Paper trade.

Intraday and short-term swing call NSE:HINDALCO * VALID ONLY - NOT TRIGGERED ENTRY PRICE MORE THEN 2 DAY IGNORE THIS CALL Entry - LONG ENTRY PRICE - 198.10 SL - 193.55 T1 - 200.10 (FOR INTRADAY) T2 - 202.10(FOR SWING 5 TO 10 DAYS)

Only for watching PA. Not for trading as RR is not good.

Price action to observe Long with SL below 617 Squareoff 640, 650, 660 -- Early entry could have been near 605 ?

2 possibilities of long swing trade. Good support near 820 area.

Uptrend Retracement Range

Marico has been consolidating from a nice and long uptrend for more than a year now. This consolidation pattern appears to be a symmetrical triangle that is now broken. Its certainly worth timing your entry for a LONG ride! Happy learning! -Team Stockshaala

For levels reffer to chart

As of now EMA50 looks to be holding price -- short close below 1570 SL above 1582 Squareoff 1560, 1545, trail.

Will this be copybook reversal ? Short near 374 with SL above 376