Reliance Industries has had consolidation since around last 4 months, now exiting trading range.
Buy for swing trade targets of 2280
CMP = 2134
Stop Loss = 2060
R:R = 2:1
Disclaimer: We have active position in the security.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including...
RELIANCE is trading into a trading channel has started rising from the base of the channel. Enter till the top of the channel for a high probability trade.
Levels of entry, SL and target marked on the chart.
Note - This is an educational idea showing how channels work. Do your own risk assessment and enter any financial positions.
Adani Enterprises which had reported an amazing 2nd quarter have been rallied since publishing its results and they have been trading in a range that have given a channel type of formation. Check out the chart and plan your trades accordingly. Just sharing my view.
SBILIFE is in trading Range as you can see in hourly time frame .
SBILIFE already did several attempts to break the trading range formation but it failed .
Now the real question is why i am bullish on this still it failed to hold above trading range .
Because its above 200 SMA in daily time frame and if look closely you can see the bullish flag pattern in Daily...
Axis Bank, one of the largest players in the private banking space had come under heavy selling pressure during the recent downfall in Indian Stock Markets. The stock had come down from its life high of 827 in 2019 June to below 300 in March 2020. From the March lows, the stock recovered almost to 486 levels where it witnessed selling pressure taking it to 384...
This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip:
1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many...
IGL a stock which is powerful on monthly and weekly. is not a stock to short for big money, not until 882 is accepted. 790-880 which was a trading range for IGL in 4hours charts was successfully broken by a WRB(wide range bar) and got a good follow up. now a spining top is formed and a small bearish inside candle followed up.
Expect a test of 882 which was the...