We see SRT forming a triangle pattern on daily chart, down move was expected to retest the bottom of the triangle and today as the nifty and bank nifty fell, it too gapped down and after retesting the bottom, it is forming a hammer type of pattern, if the final daily candle maintains hammer pattern or any bullish candle, then it might continue its journey upwards...
TCS broke the 2 year resistance on July 28, thereafter it remained in consolidation for nearly a month and today it gave a breakout and might continue its uptrend to the top of the channel. Lets see..
If anyone has a different view, ll be glad to to be acquainted with that, please let me know in the comments.
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Lupin broke the resistance on 14 Aug with big green candle. Following days, after retesting the bottom of channel, it started its move up, might test the top of the channel which may coincide with the next resistance near 1070.
I am no expert, if someone maybe a learner like me or an expert have different opinion, ll be glad to see that view.
WE LEARN TOGETHER WE...
Hi this is trader Kanishk
My stop loss got hit ted in bank nifty's today trade
Okay now follow all the rules provided in this video
and you can go for a longer trade of target 22650 in bank nifty
After watching the full video till end
wait if retrace
After following all the steps told in this video.
Please watch this video complete and follow all the steps...
Maruti is in a daily descending channel, which has completed 3 touches indicating a reversal. There is a small falling wedge at the 3rd touch.
Entry after 5546 is broken.
Traders can have a stoploss of 5441
Target 1 - 5650
Target 2 - 5710
This content is for information and educational purposes only and should not be considered as a piece of investment advice...
Mahindra & Mahindra is in a descending channel at a double bottom structure at a weekly support zone. The RSI suggests a positive divergence.
Target 1 - 566.
Traders can maintain a stoploss of 540
Traders can look for further targets after 566 levels have been broken.