Happiest MInd Cmp 1280 dated 3.12.2021
1. Small Triangle & Trendline BO above 1275.
Buy for a tgt of 1385-1450-1475+1540 SL 1210
It is just a view, pls trade at your own risk.
Zee Entertainment - Daily
4th wave has broken into 5th wave
Currently it seems to be in the 3rd of 5th as per the Elliott wave count
Bollinger band is challenged on the upside
RSI is above 60 and ADX is above 15
According to the post triangle thrust (PTT), the target is around 408
Price action looks good on the weekly and monthly timeframes too
Only for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of...
HDFCBANK | Reversal from Trendline + 200 EMA support - Looks potential for 15% plus
CMP : 1525 (Dip : 1480)
SL : 1390
Target : 1730
Almost 1:3 risk reward setup
The advantage with TCS, HDFCBANK, RELIANCE kind of stocks is they move genuinely
Some bad trades are allowed, we won't go broke by holding
Can allocate little above our usual allocation.
These...
Idea is self explanatory... In weekly chart stock is giving breakout with good amount of volume. I have provided SL along with 3 targets. Keep in mind book partial profit with every target and 3rd target may take time with few consolidations.
Note: I'm new to technical analysis, do your own maths. I'm open to new ideas and flaws in my analysis, so please do...
Deepak Nitrate Cmp 2220 dated 2.12.2021
1. Small Triangle Pattern on chart BO @ 2225.
Buy for a tgt of 2295-2350-2400-2450 SL 2130
It is just a view, pls trade at your own risk.
BHEL | One more swing opportunity supported by 200 EMA + Trendline Support - Potential for 30%
CMP : 59
SL : 54
Target : 78
1:4+ risk reward setup
We traded this stock few times, it is favorite stock for some of our friends :)
HINDUNILVR | Excellent trendline support and value discount - Can expect 20% rally for short term
CMP : 2329
SL : 2200
The stock is trading in negative 3% for the year 2021 (As on 29/11/2021 close) - We can consider this as huge discount for the value stock.
SBIN | Trendline and Previous breakout retesting - 25-30%
CMP : 470
SL : 440
Target : 590, 600
1:4+ risk reward setup
If we connect Swing low to Swing high the Fib support also taking place at 455 level.
Target is based on Fib target for next wave
BIRLASOFT emerged out of 22 weeks of consolidation. The stock has consistently remained above weekly 30 ema. This ensures the stock is strong. When the stock breaches the 30 weekly EMA, then we need to be cautious.
Currently, RSI around 70 and in upward trajectory denotes positive momentum
Also, important point to note: RSI has very rarely breached 60 with...
Bajaj Auto has broke a trend line. It can now go bullish, enter once it breaks 200 EMA on 15 min time frame. Place logical Stop-loss . The probability could less because the market is too much volatile now a days.
SRF Ltd Cmp 2090 dated 2.12.2021
1. Rectangle Consolidation support @ 2020.
2. RSI Divergence.
Buy for a tgt of 2165-2210-2300 SL 2000
It is just a view, pls trade at your own risk.
Go Long above 955.1 for Targets of 1005.05, 1055, and 1104.95 with SL 905.15
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382...
NSE:ELGIEQUIP
Trading near All Time High in Market Correction.
Big Volumes & RSI>80 on Daily Charts.
All signs of Leader for next rally.
Breakout at 230 after 8 month consolidation in 195-230 range
Buy at CMP 260 - 230 Range
Target - 320 - 370 - 425
SL - 205
