Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box.
Statement (3): From the timeCycle, approximately move projected by (A),(B) and (C).
As per channel, the main support is 10525 below where...
Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal.
Stoploss - 88.65
Target 1 - 99.05
Target 2 - 103.35
Target 3 - 107.30
This content is for information and...
Technical: Strong breakout Awaiting
After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500.
Market Cap: 1600 Cr.
Debt to Equity:...
CIPLA has been trading in a range for almost 5 years now ( Look at the chart)
But, now I think we might see a new trend- Potentially a bear one.
The problem with most traders is they think "indicators are everything" which is simply not true.
A fancy cluttered chart with 10 indicators doesn't mean accuracy at all.
I think you can trade with just basic tools, you...
Mahindra & Mahindra is in a descending channel at a double bottom structure at a weekly support zone. The RSI suggests a positive divergence.
Target 1 - 566.
Traders can maintain a stoploss of 540
Traders can look for further targets after 566 levels have been broken.
Lt is in a falling wedge pattern which is at an important daily trendline. Traders can look to go long after the wedge has been broken to the upside at 1402.50.
Target 1 - 1432
Target 2 - 1465
Target 3 - 1538
LT is in a clear falling wedge formation which is a reversal pattern and can break to the upside at any time. Traders should go long after 1422 levels are broken. If 1388 has is broken down then no trade
Target 1 - 1471
Target 2 - 1514
Target 3 - 1538
Possible view on nifty50 index
we can short if we found strong reversal pattern from trendline area or from double top zone
keep your eyes on nifty50
WARNING : REMEMBER TRADING IS ABOUT PROBABILITY NOT CERTAINTY