Long and Inside trend lines are formed in Sunpharma and targets are made as per speed fibo. resistance fan levels. Trade 1 (swing trade): Buy above - 590 Target - 640 Stop loss - 570 Trade 2 (Investment): Buy above - 645 Target - 745 Stop loss - 600
VIP Industries forming Symmetric triangle.... very soon we are going to see a breakout.. RSI is heading towards downward direction in daily charts... And in weekly and monthly charts it is looking little overbought ... May this scrip heads down for a correction.... I am neither bullish nor bearish... Just waiting for the breakout candle and trade with that...
Nifty is showing three strong signals for correction Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness... Signal 2 : On weekly charts a Shooting star pattern is forming... Signal 3 : RSI at weekly charts is highly at overbought zones... Now for next few days small cap may run and many people will turn...
An Uptrend Rally followed by a consolidating Symmetric Triangle has given way for another rally.Long time support also breached
- A beautiful text-book 'Cup & Handle' pattern on daily chart - Stock trading within a regulation upward sloping trend channel - Daily momentum oscillator readings have slowly turned up in bullish territory - Volumes pattern shows gradual accumulation - Accumulate in range of 275-280 - Maintain SL of 263 (closing basis) - Targets 330 - 340
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
DLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137....
It is observed that the price action is been trending up for a while and shall continue going up to next resistance levels at 40 and above. Target: 40 Stoploss: 36
Based on Trend and breakout resistance level at 193.30 on 15 mins chart Trade: Buy above - 193.30 Target - 195.45 Stop loss - 192.20 "Happy Trading"
Trend line broken on Biocon. Trade: Short below - 993 Target - 976 Stop loss - 1003 Reward Points = 17 Risk Points = 10
Uptrend started in Feb 2016 is still intact, moreover it has formed a beautiful up sloping channel recently. I would go long here with Stop Loss 46.40(Closing Basis) and look for a target of above 57. Worth taking risk with good risk to Reward ratio.
Probability of a short term reversal with the following reasons 1. regression channel breakout 2. divergence 3. 3 outside out candlestick reversal pattern One can buy at dips for a target of 470.
If you absorve past history of market 2008 crash, 2011 crash , 2015 crash - All 3 of them had no concerns on local economy whatsoever .... It was just purely global concerns or sell off which we got dragged along ... and Nifty PE peaked above 24 in all 3 cases But this currency ban impact on earnings is a direct local earnings concern for almost 80% of the...
It is trading out of regression channel so one can enter long at current level stop loss would be the low of today.
The stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification 1. closed out of downtrend regression channel 2.Made an engulfing covering the previous candle completely. 3. Trend line support. 4. Mostly at this level of RSI it changes the trend. 5. Trend reversal...
Usually I won't post trades with Entry,stops & targets but here posted it bcos its risky and counter trade, so everyone should know how I take on risky setups and my rewards ! Actually I want you to realize my risk rather than concentrating on my rewards and why I enter trade in the marked zone. Nifty may trigger my entry and raise straightup to stops or won't...