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IEX looks good for Swing Trade on the Daily Chart.Technical Analysis Figure 1 1) Bollinger Band squeezed and formed a pipe-like structure. 2) Breakout of the upper band. 3) RSI > 6 4) MACD Bullish Crossover and histogram gives the buy signal. Figure 2 We use Exponential Moving Averages of 20, 50, 100 and 200 periods. - The averages are expanded. - The price is testing its 100ema - The overall structure looks bullish and the price can test its 200ema which is at the level of 155.75 Resistance - 153 Conclusion: The stock looks bullish. It can test the levels of 153, 155. Thanks Er. Simranjit Singh Virdi
NSE:IEXLong
by ssvirdi
MINDACORP: Inverse H&S BreakoutInverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips , keeping SL of 200 look for the measured target of 240-245 region.
NSE:MINDACORPLong
by TradingSutra
3
nifty buying side after breakout and retestHello guys i had find this trading setup in 15m time frame but its look very bullish in higher timeframe so we can trade above the breakout after price sustained above the channel resistance and will wait for retest and then will take entry with very low risk and high profit also do your own analysis before taking any trading decision also if you like my analysis plz like share and follow and don forget to do comment below thank you god bless you
NSE:NIFTYLong
by FOREXKING7786
Reliance sell side continuation patternHello guys i had given reliance already and it is in good 100+ rs profit also who had not entered on that trade they have a good selling opportunity its making continuation pattern we have a good 100+ point move remaining in reliance we for who want to take small risk they can enter here with above pattern sl and big target below and who want to enter safe they can enter after pattern broken and guys plzz note there is no risk free return in stock market you have to take risk to grow your account but taking risk at right time and on right direction its really affect on our account and plzz do your own analysis before taking any trade on my chart i hope i cleared every thing to you if you have any question plzz comment below i will glad to answer of you comment and plzz like share and follow for more charts
NSE:RELIANCEShort
by FOREXKING7786
13