GILLETTE INDIA LTD - Short to Long Term Positional Trading setupHello everyone, today i have brough a trading idea on GILLETTE INDIA LTD. And it is showing a promising setup for both short-term and long-term positional traders. The stock has recently broken out from a resistance zone , and the huge volume spike confirms the strength of this move. After breaking the resistance, the stock retested the breakout zone and found support, and is now poised for further upside. The ideal entry point is between 8,400 - 8,200 , as the stock has established a solid base in this area. The first target is 10,163 , followed by the second target at 11,778 . For long-term traders, the final target is 13,685 . A stop loss should be placed just below the breakout zone, around 8,000 , to protect against any adverse moves. This setup offers a great opportunity for traders looking for a strong bullish trend with clear targets. The breakout, coupled with the retest and volume confirmation, gives confidence that the stock could achieve these targets in the coming months.
Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
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Targetlevels
Tata Motors on the Verge: Key Resistance Levels
Current Scenario:
• Tata Motors is experiencing a consolidation phase just below its previous high.
• The stock has touched the resistance line twice (Touch 01 and Touch 02), indicating a strong resistance level around the previous high.
Key Levels:
• Entry Point: ₹1,029.00
• Stop Loss: ₹1,051.00
• Target Levels:
• Target 01: ₹991.95
• Target 02: ₹938.20
• Target 03: ₹904.00
Analysis:
• The stock is trading close to the resistance line, and a breakout above this level could signal a potential upward movement.
• Conversely, if the stock fails to break this resistance and moves downward, it might reach the indicated target levels.
Trading Strategy:
• Bullish Scenario: If Tata Motors breaks above the resistance and sustains, consider entering a long position at ₹1,029.00 with a stop loss at ₹1,051.00.
• Bearish Scenario: If the stock fails to break the resistance and shows signs of reversal, consider shorting with target levels at ₹991.95, ₹938.20, and ₹904.00.
Conclusion:
• Tata Motors is at a critical juncture with significant resistance levels in play.
• Traders should watch for a breakout or reversal at these levels to strategize their trades effectively.
AU BANK POSITIONAL TRADEAs you see in there is a strong resistance of 1203 in the AU Bank Stock,
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In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed.
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But now there is high volume so two thing can happen in this case.
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1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323.
2. Maybe AU Bank can be rangebound or give some correction and then goes up.
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Let see what will happen, what's your view on this comment below in the box.
Tata Steel Bsl Intraday Trade Setup For Monday (5th July)Tata Steel Bsl made Flag Patter in the 15 Minute Time Frame.
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So it can give the move you can buy at 90 for the levels of 92.65 For Intraday purpose.
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What your views on this, Comment Below