Entry above 156.5. Targets 168. Have a look at my other charts below. Feedback is always welcome. Thank you
AMBUJACEM (FUTURE):- NEAR TO ROUNDING BOTTOM BREAKOUT
I catch every trend of NIFTY and stay as long as it exists using AI algorithms with Polynomial equations ,Customized volatility ,Fibonacci ratios ,Standard Deviation as main parameters. This a trend following approach with no bias on any side ,no human interpretation . Back tested for 5+ years of data . I have tested this approached for all NIFTY 50...
RELIANCE | Small swing opportunity in lower time frame CMP : 2028 SL : 1960 Target : 2216 1:3 risk reward setup. Pros : Risk reward is good W Pattern, Taking trendline support in daily time frame. Positive RSI divergence Cons : It also deceiving my eyes with Head & Shoulder pattern
Ascending triangle BO already similar bullish BO patterns can be seen in Mindtree, INFY today. High volume spikes can be seen in lower tfs
I catch every trend of NIFTY and stay as long as it exists using AI algorithms with Polynomial equations ,Customized volatility ,Fibonacci ratios ,Standard Deviation as main parameters. This a trend following approach with no bias on any side ,no human interpretation . Back tested for 5+ years of data . I have tested this approached for all NIFTY 50...
Although bearish MACD and a sustained pullback below the $1,760 upside hurdle keeps gold sellers hopeful, oversold RSI joins monthly horizontal support to test the bullion bears around the $1,700 threshold. Even if the quote manages to break the $1,700 support, the monthly low around $1,676 and a four-month-old falling support line near $1,656 could challenges the...
The stock can bounce from this level.
CASTROLIND | Nice channel breakout , 30% potential for second target. CMP : 123 SL : 119 Target : 132, 158 1:2 risk reward setup for first target (8%) . But it has all the potential to goto second target, just need patience for that. Similar to our previous POLYCAB chart.
Titan strong closing on D chart. Would breakout the TL if crosses previous day high. Looks good for a 5% gain and 1:1 trade or intraday traders for 30th March.
ABFRL breakout retest and continuation on D time frame. Looks good for long entry with SL below previous swing. For short to term buyers.
LUXIND | Breakout above the channel - 12% opportunity CMP : 1774 (Can buy during retracement upto 1750) SL : 1710 Target : 2000 Almost 1:3 risk reward setup
PRESTIGE | Swing inside the channel - 18% CMP : 276 SL : 265 Target : 320 1:3+ risk reward setup
Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months. If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk P.S. --- This stock is not good for Intraday so consider only swing
All the reasons for the trade have been explained in the video. --Happy Trading
Stock has formed Inverted Cup and Handle on 2 hourly time frame. Good to short if breaks 1970 (Long wick of 24th Feb can be ignored as that was formed during NSE glitch) Swing traders wait for hourly candle close below 1970 for targets of 1950, 1930 and 1900 P.S. Pattern negated above 2015
Stock is forming a descending triangle and also inverted cup and handle on 2 hour time frame. Good to short if breaks bottom support trendline
Stock has taken support multiple times at Trendline in the past. If breaks TL tomorrow then can consider targets of 213, 211 & 207 in coming sessions (Intraday and Swing) However if bounces from support tomorrow and crosses 218.50 then can consider for long positions (Intraday only)