Wait for break neckline level 1618 and after take conformation take short side trade Entry level 1618 Tp-1 = 1597 Tp-2 = 1575 Stoploss = 1632
Reliance has broken its long term trend line , expected to test its previous lows .. stay cautious supports mention in the chart
Sail has formed a trendline and its near demand zone. If this zone holds the price and trendline is broken then sail can see an upside towards 33-55 levels. wait for a breakout with high volumes. Please Note - All the green lines mean the support zone/demand zone and all the red lines mean the resistance zone/supply zone.
Buy SBI if the trendline is broken with good volumes. TG 1 can be around 195-196 levels and if that level is broken then it can go till 210-215 levels. Please Note - All the green lines mean the support zone/demand zone and all the red lines mean the resistance zone/supply zone.
Intraday Sell ~ 587, 588, Stop ~ 595, Target ~ 570
Long Term Trend line Already Broken. Inverted head and Shoulder Pattern Forming. Wait for bReakout
Hello Traders, Greetings, Please follow the trendlines and only trade when a breakout occurs to save your hard earned capital and when its sideways just keep watching the levels. Happy trading.
Maruti Suzuki has broken above from a falling trendline suggesting a shift in trend to the upside. Initiate Buy. Target 1 : 5425 Target 2 : 5540 Stop Loss : 4990
Short is based on a breakdown from the support trend line, Can go for short with a Stop loss of 20rs ie 570 cmp 550, target open, I expect around 480. RR 1:3
There are times when an indicator reflects a bearish trend but the overall signal reflects a bullish trend. This phenomenon creates a pool of uncertainty and reflects a behavioral aspect of trading which is followed by the trail of institutional investors. This chart is of a same perspective and it reflects a situation where there is a dec in vol. followed by a...
Sunpharma Breakout with volume and retest of the trendline now ready to move upwards it is following a upward trendline. however it has stiff resistance at 483 to 485 levels if it crosses it then it will easlily touch psychological level of 500 as there is no resistance in between. so just wait and watch to break the level of 483 to 485 then buy it for a target of 500.
SAIL Nearing Triangle and Long time resistance Breakout. Disclaimer: Sharing Ideas for educational purpose. Trade at your own risk.
AXIS BANK BEARISH CHANNEL BROKEN -FIRST SIGN "INSIDE BAR BREAKOUT" -TRENDLINE BREAKOUT -CONFIRMATION WILL COME ONLY AFTER A CLOSE ABOVE 402 -ONCE ACHIEVED OPENS TARGET TOWARDS 435-470 -STOP WOULD BE AROUND 380 ONLY AFTER A BREAK ABOVE 402 -"BUY ON BREAKOUT" RECOMMENDATION
We all know about the recent investments and the rush that everyone has gotten into to buy reliance jio, but here's the thing it is grossly over valued. Reliance jio might be performing really well but the oil segment is still a part of Reliance Industries, bringing it's valuation downwards. I am not going to get into fundamentals but technical indicators clearly...
In Channel from long period and now following trend line too! In case trend line breaks, can approach support level, which is inside the channel.
On Daily Time frame Bank Nifty has breached the trend line drawn from connecting all subsequent lows from March 23 and could possibly go all the way down to the lows witnessed on 23rd march. Sell. Target: 17300 Stoploss: 19900
Once can short for levels of 900-880 if the above resistance is not broken, with broader markets being bearish, i am expecting it to react once for a pullback before crossing the resistance level.
Pharma has broken downtrend and if it sustain we can see a good up move towards upside. if there is no strength we can see sideways or breakout failure