EDUCATIONAL IDEA -
PRICE IS VERY CLOSE TO MULTIPLE TREND LINE SUPPORT. THE HORIZONTAL SUPPORT IS OLD RESISTANCE ON WEEKLY AND MONTHLY CHART AS WELL. TREND LINE IS A MAJOR TREND LINE ON DAILY CHART. STOCK CAN BE LONGED AT CMP 155.7 WITH SL BELLOW TODAYS LOW 152.1. WITH A TAREGET OF 170.
NSE:BAJFINANCE Levels already mentioned..
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2. Always remember SL is your lifeline not the big target...
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Price rejecting continuously for the 4th time from the trend line but the overall trend is still negative for this script.
Always entering at the support resistance is tricky. One has to master it before taking up these trades. . .
1. AMARAJABAT is taking support on Dynamic and horizontal trend lines.
2. Formation of Bullish piercing candlestick pattern on Sep 1
Buy at top of the 1 hour candle that closes above high of Sep 1 daily candle.
Target 1 - 750
Target 2 - 785
SL - 714
After forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern.
It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up.
It could rally more for coming few sessions. Let's...
Breaking down after consolidation, the stock has now hit the Trendline support at around 900. Also 38% Fibonacci levels coincides at the same price and 900 being a round number, one can expect a move up at least as a pull back for a greater bear trend as seen in chart.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and...
Constant support on trendline on daily chart
20-dma providing support constantly
today there is a possibility of 20-dma crossover 50-dma
FUTURES TRADE NOV/DEC
IF BREAKS 74.5 AND CLOSES ABOVE