Analysis is given on chart
This is an educational post and I do not advice you to follow whatever I have given on my analysis
Trade carefully and consult your financial advisor before taking any trades
Here we can see the cup and handle pattern.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
The price is trading in the crucial level of the resistance.
The price here can take resistance...
Today Nifty breaks its previous high of 10300 and closed above it. Now its previous higher level of 9800 becomes its strong support and Nifty seems to be strong for this swing rally with its previous resistance of 10280-300 as support zone. Now Ganns cycle of 9610-10250-10890 is active and soon we may see Nifty touching Gann's levels of 10890-11K in coming days....
A good channel can be seen.
Right now the price is near the bottom of the channel(484.20).
Investors can start buying if the market opens with a small difference(up to 479.05) or at the same price.
Target expected here is next resistance 495 after this psychological resistance of 500 and then 515.85
Simply you can follow the channel until it goes...
You can make your entry now confirmation of downtrend has ended and stock is about form new uptrend.
Buy @170 and if it takes support on the provided support line you can also average your position.
Short term target looks to be around 178. Positional traders can go long with this trade for sure.
I took entry at 160 and looking forward to the target.
Tomorrow , if Cipla open near 622, and if share price is near 633 at 9:30, buy the shares. Keep a Target around Rs650 and you may place Stop loss as you wish. if the trend is downwards in the preopen market, then do not buy the share.
For traders who wish to hold for 2-3 days, hold the share till target of 666.
Upcoming wave is impulsive wave and target is 577 nearby after up breakout.
Let's check Breakout more closer look.
While breakout the price Congestion, volume should more than 2x from average volume.
The bhartiartl in...
Low 139 and high (182.75 touched target ).
Below chart published- : Mar 26th, 2020
42 (points profit in just a week which 30% return)
I hope you don't forget this one.
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