Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level. Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed...
Bandhan Bank is placed at top end of the channel and just today formed nice red candle. Considering downward drifting channel it is a good risk reward opportunity to go for reversal (short) trade . Consider daily close above top of the channel as StopLoss and Target for lower end of channel.
Levels mentioned on the chart. SL based on daily closing. CIP - Change In Polarity.
IEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as Target1: 206 Target2: 190 NOTE: It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern Pole Target :206 MACD: Negative 100EMA:234 200EMA:200
Subex looks set for breakout after 18 weeks of consolidation. Crossing the levels of 57-59 is important. Can go up to 62, 66 and 74. Always keep a strict stop loss of 5%-8% depending on one's risk profile if the trade fails
Cooper at resistance. Wait for a retracement before stepping in. Will likely retrace because the 4-2-1 hour timeframes are in overbought zones. Patience is key! ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not base your trade on what I give. Please do your own research before investing! I don't post as...
Midhani - After a long consolidation and respecting it's previous supports for multiple times, I am hoping to see Mishi fly this time with flying colors. It also has a trendline breakout and there are multiple confluences to bet on this stock.
A detailed analysis has been mentioned on the charts in a very simplified words.
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Levels are explained in charts with Entry, Target & Stop Loss. Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon. Target according Head and shoulders length Target1 : 251 Target2 :261 MACD : Positive
NSE:BRNL View: Long Term Bullish BRNL:31 January 2022 Pattern: Double Cure Observation : Support of Double curve pattern 26 -28. BRNL moved up with Trendline as a support Strong Breakout at 41.55 - 44.15 Accumulate between 41.55 to 43.70 or buy > = 45. Stop loss not more than 4% for Long term Investment. Long - Term Target (By July 2024) : 53 - 55 - 60...
ICICI Bank is at top end of the channel and made a nice red candle, hence might be short term top if does-not break today high. Hence good shorting candidate with minimal stoploss.
Balramchin setting up very nicely for 600++ levels in medium term.
Taking dual support from Trend line as well as 200 EMA
Bank of India has already given breakout and retest on the upside. You can hold this till 101 and keep the stoploss at 53.
LICHSGFIN | Trendline + 200 EMA breakout - Potential for 15-30% CMP : 398 SL : 370 Target : 460, 530 1:2 risk reward setup for first target
Levels are explained in charts with Entry, Target & Stop Loss. Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.