Multi year breakout in Aditya Birla FashionFrom April'20, this stock has continuously shown us higher highs and now it stands at the breakout levels of 2016. It has great strengh and momentum to go over 100 points from here. This is at the good level after the breakout and retest is completed.
Buy at current level with stop loss below 210. If you can take a good risk and hold for few months, go with SL of 204.
Kindly note, this is only an analysis and not any recommendation. Please consult your financial advisor before investing.
Timeframe
CUMMINSIND heading for big BOAfter last upmove #CUMMINSIND consolidating almost 5+ month.
It tried multiple times to sustain above 900 but failed each time. Finally now it sustaining above 900 plus it give highest weekly closing after March 21.
Long entry can be initiated at this level with SL of 820. For safe player wait for daily candle close above 925.
Target - 1200+ All time high.
#57 RECLTD POSITIONAL SETUP#57(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
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TCS positional setup Good candles on this trendline = extremely good long situations.
Charts speak more than my words now here : low risk setup ;; huge rewards :)
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#Nifty possible time zone to breach the triangle Nifty price is trading in a triangle and the probability is very high that the price may breach this symmetrical triangle between 14 April to 24 April time zone. Disclaimer: This forecast is based on Time theory and the probability of going right is 63
Titan : Tired?Titan posts a 3-day successive bounce back on back of high momentum. Of course this is the counter-move to the recent sell-off which turned the short-term trend down. Short term momentum indicators have gone overbought as the stock faces serious resistances within (1170-1200). I sense there is a short term shorting opportunity once the stock slips below the lows of 1160-1165. Trade Well.
Downtrend started in DIVISLABAs marked in the chart probable downtrend setup is forming in the DIVISLAB
After breaking the important structure, price retested the levels again.
Hourly chart also shows the clear down trend starting.
Further increase in the delivery volume and volume in general also suggests the big move coming.
Next 2 sessions will confirm it further.
BATA India Mean Reversion Setup
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself)
Good Luck :)
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Asian Paints: Trend analysis (Long bias)Weekly Time-frame:
Prices took support from long term support level and week ended with long wicked bullish candle. (long bias)
Daily Time-frame:
While analyzing weekly long wicked bullish candle, on daily time-frame prices broke the down trend-line with strong bullish momentum candle which signify possible trend change.
4H Time-frame:
After breaking down trend-line on daily time-frame, prices also broke the immediate resistance zone/level with the momentum and made a higher high which confirms the up-trend.
So, wait for pullback to occur towards support zone (above resistance zone which will act as a support now) for safest long trade.
Conclusion: This price action on every time-frame confirms long bias so one can initiate a long trade once prices come out of this zone with stop-loss below support zone keeping own risk to reward ratio in mind.
Eye on longer timeframe for USDINR.Look t the momemtum of moving upward. Expeccted downward move from approx. 13 APRL 2020 . The speed or momemutm which these currencies are going up is expected to fall at the same speed.
UPL - 60Min - More 10% downside ?UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter short only after the close of any rejection candle. ( pinbar, engulfing)
Stoploss - 570
Target 1 - 520
Target 2 - 500
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.