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)
PVR | Small channel swing opportunity for 18% CMP : 1378 SL : 1280 Target : 1620 Almost 1:3 risk reward.
While justifying Thursday’s bullish Doji candlestick, AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA and a three-week-old horizontal resistance. However, daily closing above 0.7620 becomes necessary for the AUDUSD buyers to eye the 0.7700 threshold. It should, however, be noted that the 50-day SMA level of 0.7730 and January...
Could look for buy setup around 215. PA to watch.
chart i have posted i entirely my own study dont fall for it its for personal use, inverted head and shoulder pattern on maruti weekly and daily chart
The scrip has broken its recent swing low for the first time after COVID and and the same time, it also has broken the 1Yr TL that it has been pampering till now. It's a feast to SHORT now!
BHARTIARTL | Can we call it as Cup & Handle formation? CMP : 528 SL : 495 Target : 600 I'm going long based on, 1) RSI positive divergence with price consolidation last 11 trading days 2) My visualisation of Cup & Handle ( Although it is not formed yet) 3) Simple 1:3+ risk reward setup