Long CDSL between 1380-1390. All levels given on charts. let;s wait for the right entry. Stock forming higher highs & lower lows & very high probability to BO from the zone very soon. This is for your educational purpose only.
LIC HSG FIN
- stock is at important resistance zone
if this zone is taken out next resistance level is around 476-484 levels
- the red line of resistance and grey horizontal resistance line coincides around 484 on 28 October
- on the down side green line support on 28 October comes at 410 odd levels
Given the important levels
Strategy that may...
- We observe Sun Pharma giving a steep rise in July month end (Pole formation)
- thereafter the stock went in to consolidation phase (Flag formation)
- Now the stock has come out from that consolidation phase
- going forward, on the lower side 780- 760 may provide support
If the stock manages to hold on to 780-760 zone for some time, then 930 / 944...
- Head & Shoulders pattern with stock trading at neck line
Target for the current setup 187
Trading strategy that one may consider:
Buy 200 Put and
Sell 185 Put to reduce your cost
Take care & safe trading...
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this...
Long long Reliance share. in coming days ready for the BO level. consolidation can be seen near the major resistance level. Can add more stock at the current price . Once Bo we can easily touch the level of 2775-2800. Good volumes can be seen on charts. This is for your educational information only.
Long Whirlpool Above @ level 2300 SL 2380-2375 Target level 2405-2415 . Can trail SL too . Bullish Engulfing candle has been seen on daily chart & closing at the higher point of resistance. Wait for the good entry after the BO level. RSI forming V shape above 60. Good risk to reward trade. This is for your educational purpose only.
- we see SBIN trading in a channel since 17 May
- if the blue line is taken out SBIN may fall up to 419-406 zone
- on the flip side, 467-472 has seen increase in supply in recent times
- if this zone is taken out, there is a potential for a rise up to 512 odd levels
- however it may encounter some resistance around channel top