NSE:HBLPOWER has broken 9 months trendline as well as broken symmetrical triangle pattern. The trade must be taken at the end of the day after the confirmation of candle closing above the Resistance.
Pharma sector stocks have given a good bullish momentum in the past few months.
If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation.
Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Always follow Risk and Position Management❇️❇️
Expect 10-15% for swing Trading
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
Always follow Risk and Position Management❇️❇️
Expect 10-15% for swing Trading
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
NSE:JAMNAAUTO has broken the trendline and candle has closed above the breakout. Hence the short-term position can be taken. The target and the stop loss for the same is given.
NSE:SUZLON has given double bottom breakout and as well is near breaking of its trendline, the trade can be taken after breaking of trendline for the given targets. RSI is showing bullish divergence as well. Will trendline be broken out?
NSE:NIFTY
Nifty heading towards Possible Inverted Head And Shoulder.
If this is the case.....LIC IPO can help. JIO and Reliance Retail IPO's on the way.
Could be a game changer ? 19000 ?
Share your thoughts and Insights...........
NOTE : Above views are for study purpose only.
Confluence of trendline + horizontal resistance
If sustain above Confluence area then 190-205 are nearest targets
Can show levels of 250 in coming months
Entry : 181
Target : 250
Stop loss : 166/160
