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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad...
NSE:TATAPOWER looks good and the sleeping giant might awaken now. Keep a stop loss at 210 but know that a clean breakout will only happen above 250. Above 250, one should definitely go long and keep 250 as stop loss (resistance becomes support).
Past one year it was trading in the box now going to break that box and you can see the points marked for trading.
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
NSE:TATACHEM
1. Its price is at important 50% Fibonacci retracement level.
2.Channel Breakout + Retest
3. Consolidation of more than 195 days ( Bigger the consolidation , Bigger the breakout )
4. Enter again if SL hits , As the market is -ve , it might fall for more 1-2% . But Risky traders can enter now itself.
NSE:VOLTAS
Reasons to go long :
1. Reversal from the golden reversal level of 61.8% fib level .
2. Trend Break + Retest Done
3.Very strong buying (bullish volume ) today (10-02-23).
4. Volume profile indicator showing no major resistance till 1000 lvl.
5. Q1-Q2 earning will increase ( summer months )
TATAMOTORS imp zones mentioned on chart and expected direction and reversal points on chart
Buy>565 SL: 559
Target : 570,578,590
Sell<559 SL: 565
Target : 554,548,540
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
Any query do comment
*All views for educational purpose only
Tata motors chart shows HNS pattern on weekly time frame which suggests roughly 500 pts upmove in coming days. I would like to buy the dips and my sl will be 350 and Targets are above 1000. Do comment what you think!! Suggestions are welcome. Thanks
