Trend is confirmed with Multiple break out with rsi is between 50 to 60 and horizontal trend line has broken, and 400 to 420 zone acting as the strong support zone
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As per hour chart
corrections are doing tmrw correction wave 2 will be completed (505 to 510)
3rd wave may take down to target 490, 480 to 475 then rest @ previous strong support and take invert U turn
as on 09 dec 2020 the stock upward 505 to 510 then it will take reverse to downward
Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.
Simple trend line analysis for Alembic ltd. cleary showing bullish trend so this is a very good buy opportunity.
Buy at - 109
Stop loss - 98
Target - 130
Note:- (only for education purpose and demo trading)
Hi guys this is Trader Kanishk
this analysis is for EQUITAS
Points discussed in the video:
Why not to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for...
Follow me for simple and easy to understand but great techniques for stock analysis.
I don't confuse by using multiple kinds of indicators.
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Shorted @ 9500 w/ SL @9600 (if it closes above this level then I'll square off)
Targets are 9332, 9176, 8990 in order.
Shorted June Futures & hedged w/ June 9200 Calls!
GLHF!
PURELY TECHNICAL
Optimistic View - Nifty retraces to 7500 and rebounds back to current levels to complete a double bottom formation before breaking resistance @ 8900, in which case the target would be 10,000 (Max Call OI). This will become the next crucial resistance level.
Pessimistic View - Nifty retraces to 7500, either stays within 7500-8900 level or breaks...
