Gold rises to the fresh high in two weeks following a stellar rise on Wednesday. In doing so, the yellow metal crosses 50% Fibonacci retracement of its November-January upside amid upbeat RSI and MACD conditions. Also favoring the bullion could be the market optimism backed by Joe Biden’s arrival in the White House as the 46th President of the US. Even so, 100-SMA...
If you don't consider trend then you are at loosing side in trading markets.
Forget everything from today onwards and stick to the trend which is the basic thing.
Follow the trend and win your trades.
-MOHIT RAJANI
Bull Flag pattern formation and breakout
Buy at CMP 4900-4930
Sell Target 5830
Stop loss 4650
Profit potential of 18% approximately
Trend continuation
Nice risk to reward on offer
CDSL Chart is Fabulous and Bullish
- Buy Triggered yesterday as per Weekly Candle
- Solid Price Volume Action can be seen in the Approx 3 month Consolidation base
- Daily Chart shows a Bollinger Band Squeeze, with Daily RSI 60+, ADX 25+, MACD in Buy Mode
- Weekly Chart is just So Strong as you can Clearly see wonderfully respecting Ichimoku
- Target Minimum...
ESCORTS a perfect buy at its all time high range
BUY@1130, TARGET@1300-1350, SL@1076.
Above targets are for SWING trades, but you can hold it untill the trend gets break.
All the best guys
Follow for more amazing breakouts and hit a like.
-MOHIT RAJANI
ASIANPAINTS had a very powerful breakout and a retest.
The wait is over and rally has been started.
BUY@1830, Target1@1900, Target2@2100, SL@1780
Target2 will get mostly acheivable by the end of October.
All the best guys
Follow for more amazing breakouts and hit a like.
-MOHIT RAJANI
Look at 10th August candle of DIVISLAB with a high wick on top with a high volume bar.
What it signifies..?? Any guess?
It shows buyers were in force and took a very high jump from 2784 to 3063 and they also were successful to take the price upto 3293. But then suddenly Sellers came in force and prices dropped to 3117. This simply signifies that big players...
ADANIENT sustains well after having a breakout. BUY CMP@196 with a strict SL@180 TARGET@245 in a short period of time
That's a good risk to reward ratio
Follow for more amazing breakouts purely based on technicals.
MOHIT RAJANI
heyy guys...!!
Wait for the current 1 day candle to close above 440 then just act like a snipper and BOOMMMM.....
Consult your Financial advisor before taking a trade, these are for educational purpose
LALPATHLAB has broken out upside after its consolidation in a triangular channel.
The impulsive bullish breakout candle is followed by 2 small range pulllback candles thus forming a bullish flag pattern.
The structure suggests that the trend will continue in the direction of the breakout.
A long entry can be taken at the break of yesteraday's high above...
Trading Philosophy - Trend Following
Trading Strategy - Shorting a Rally in The Downtrend.
Trading Set-up - Retracement - Resistance - Chart Pattern
Entry - Short at 1210
Stop-loss 1257
Target 974
Risk/Reward 1:5
Why short?
Price retraced to 1237 (0.50%) of its previous swing. (1579.60 to 895.15)
Price is trading in Resistance Zone.
Anticipating price...
#Trendfollowing
After the craziest fall, nifty is pulling back. So where to short a pullback?
A - Bearish Flag Breakout
B - Price Percentage Change Projection
C - Traditional Price Range Method
D - Retracement Levels...
