Mcx have made a beautiful bullish breakout on monthly chart (chart attached), which in simple language means that it will be soon making a new All time high.
Ideal trade strategy would be to buy the dips and hold this stock for good part of 2020.
Feel free to share your opinion and do join our trading.shiksha family on telegram.
I will keep on updating about this...
INDUSINDBK is beautifully forming a bullish structure.
Buy it on breakout and let it ride.
i will further update the chart post the breakout in my channel www.t.me.tacharts
Dont forget to hit like and share your opinion in comment section.
DO NOT SHORT SELL UNLESS THE SMALL FALLING WEDGE IS BROKEN.
TRADE ALL THE BREAKOUTS AS PER MONK STRATEGY.
TO KNOW MORE ABOUT MONK STRATEGY FEEL FREE TO DM ME ON LINK SHARED IN MY PROFILE.
ALL THE BEST!
Though i do not trade crypto currencies and also not much aware about the fundamentals of various such existing currencies but i try to do technical analysis of some prominent coins as it helps me understand the play in highly volatile setups.
BNB looks to have made substantial gains in short term and its bullish structure is still intact as per ichimoku.
Biocon is at a very crucial zone as per Vaba numbers and if it manages to dip below 640 then expect lot many longs to be trapped.
open a short below 640 with targets marked with green lines.
All the levels marked are vaba numbers.
All the best!
Though I am bullish for xrp in mid to long term but I can see a small correction in next couple of days.
the major structure is still a bullish falling wedge , but the immediate weakness in bitcoin is kind of being reflected in xrp too.
feel free to share your opinion in comments section.
All the best!
ALL LINES ARE VABA NUMBERS,
The trade will take its shape as per the results but it seems that we might see a small bounce before going down (IF RESULTS ARE BAD)
I will update the chart in coming week as per the momentum.
Open a trade as per the breakout on either side.
I feel Reliance breakout will give us a hint of whats instore for markets in coming weeks.
Will further update the chart as per the breakout.
Do share your opinion in comment section.
All the best
Fundamentally a strong stock.
Currently you can accumulate it within the triangle or to be on safe side you can buy is it after the successful breakout from the symmetrical triangle for the targets marked with green lines.
If Glenmark maintains the momentum in coming week than i expect it to breakout from current zone to test the levels marked in green.
Do hit like and join our telegram channel TACHARTS from the link mentioned on my profile.
This chart is specifically made for students who are not sure about using different time frames.
The above chart is made on smaller time frame to give you a scalping setup for intraday.
since this chart shows you the expected movement in smaller time frame you can use this chart to plan intraday trading.
More information will be shared in the channel itself.
With negative sentiments all around I expect nifty to open downwards but I have been around in this market for a while now and somehow my previous experience with the markets tells me that their is a possibility of MM trying to pull the levels close to 10750 around expiry.
VOLUMES WILL BE RELITIVEY LOW FOR NEXT COUPLE OF DAYS AND ACTIVE FII WOULD BE KEEN TO SELL...