ITC is giving simple trendline breakout, today's closing is vey crucial for the stock... if closing is above the trendline - we can expect some retest towards the trendline and the stock will be overall bullish.
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A spike in volume is clearly visible with the today's gain of nearly 5 percent. This makes FSL a great long opportunity with the entry at the current levels with the stop loss below the nearest swing low.
Kindly note that this is not a recommendation and for only educational purpose.
ICICIBANK is near a important weekly resistance and going to break hourly trendline. Monday opens gap up then we can see long till 700 - 710
The posting is only for educational purposes. Please do your own research before taking trading or investing
BEL | Clean Cup & Handle visual for 25% - 35%
CMP : 163 (Dip : 155)
SL : 144
Target : 190
1:3 risk reward from the dip. Consider adding 60% now remaining only in dip.
Have alreday shared weekly chart and we are going to destination, now this is just an averaging opportunity those who holding that position. Others can take new entry also based on this...
Entry Should Be Above Breakout Level.
Buy, Stop loss, Target Mentioned On The Chart.
(P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
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HERE AS YOU CAN SEE TCS HAS SHOWN A BEAUTIFUL TRENDLINE BREAKOUT IN A UPWARD MOVE , EVEN RSI IS ABOVE 60 AND ALSO ABOVE 50 MOVING AVEAGE EXPONENTIAL. THE RED LINES ARE THE TARGETS AS PER MY ANALYSIS.IT MAY REACH TO 3100 AND IF IT CROSSES IT ALSO THEN THE NEXT TARGET IS NEAR 3140.
RELIANCE | One more in same stock but risky trade this time. Suppose to take upon wedge breakout but risk reward is good here.
CMP : 2255
SL : 2230
Target : 2356
1:4 risk reward setup.
We made 4% on the same stock couple of days ago. Now lets see if we can get another 4%
