HINDETRO DOWNWARD TREDNLINE BREAK POSSIBILE?
A close above 240 will assure of a breakout
New targets will be available
November futures trade if closes above 240
L&T has broken major trendline support of the upmove since Feb 2016.
So long as it stays below 1260 levels, we are likely to see levels of 1184 and 1117 if 1184 is broken.
Good opportunity to short here with a stop loss of 1260.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial ...
Banknifty has been very weak since past 2 months and Friday’s fall suggests the weakness might extend further.
I can see RSI divergence on weekly chart and also breaking of the long term trendline.
We might have a pullback but so long as 26400 levels are not broken, it can retest or break Friday’s lows in coming weeks.
Good shorting opportunity for a first ...
Lupin is the latest stock in the Pharma sector to have given a breakout at higher level.
The stock has broken the downward trendline of past 3 years !!
Good opportunity to go long for a first target of 1040 with a stop loss around 920 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your ...
I was looking for a harmonic pattern completion (on the downside) before getting involved in this stock. But the stock changed my bias by breaking above a falling trend line (red) and the cup and handle pattern neckline.
For getting into this trade, the risk could be (traditional) low of the handle (162) or the more aggressive 170 (calling ...
There is a very good price structure and this is a very common pattern. We don't need a high win rate to make money, we need a few good trades with good RRR. If you have 30-40% win rate then its enough to make money.
GBP/JPY has broken its bearish trend line. The price action has also created a higher low.
The price action indicates that it will move towards the next resistance placed at 148.092.
If it makes a bullish crossover above the resistance,then we can expect the price to move towards the major resistance of 149.967.