Adani Gas had a perfect fib retracement while forming a falling wedge.
I had few buy orders placed around 120 but for now Adani gas have given a breakout and looks good to test 161 levels in coming weeks.
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Torrent power have given a breakout supported by good volume, onceit crosses above the shaded area in grey i expect it to test 305 levels in coming weeks.
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I have initially recommended to buy BhartiAirtel earlier this year around 294 and since then it has given the growth as i anticipated.
I am expecting another bullish move in Bharti Airtel once it breaks out of current consolidation zone.
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Hindustan Unilever have given beautiful breakout on weekly chart and is an ideal contender for buy the dips in coming days as i expect it hit a new all time high in coming weeks.
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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.
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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
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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