Trendlinesuport
Reliance ready for the Next BIG UPMOVE ?Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend.
Looks good to accumulate for long term until 2300 is not broken.
This time it can target for another ATH.
For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.
Laurus Labs : Waiting for the next move
Good Day
Hello Traders,
Laurus Labs is showing strength and its forming a triangle with the support from the Trendline from bottom.It had a major support between the range 465-485.
If it comes into that range one can buy and accumulate. Once its start consolidating above 550-560 range it can show an upside.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Consolidation for new trendstock forming kind of triangle pattern
getting support of trend line both side
wait for break out or breaks down
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The firm operates through the following geographical segments: Within India and Outside India.
52 WK HIGH LOW 833 - 320
PRAJIND - Consolidation BreakoutNSE: PRAJIND is closing with an strong bullish momentum candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
RADICO - Bullish ReversalNSE: RADICO is closing with an strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
PETRONET - Volumes assisted Consolidation breakoutNSE: PETRONET is looking to breakout out from the consolidation range.
Today's volumes indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Inox Leisure ----- daily time frame analysis.taking support at the channel pattern trendline and an important support level , looking strong from here.
GAIL India, PSU stock at a support zoneTwo scenarios .
1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip.
2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors.
3. Since the inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield.
4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts.
5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa.
Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term.
Note:
This idea is purely on observation made by me, this is not a recommendation or a call.
please do your analysis and share your opinion in the comment box below.
Healthy discussion and inputs are welcomed with thanks
EURCHF on 4Hr TimeframeEURCHF is consolidating right now in a box. Along with that, it's taking support from the trend line. Our first target is 200 EMA on 1D Time frame, Which would be around 100 pips. If it breaks 200 EMA on 1D, then we can aim for 1.05010 and that would be around 60-70 more pips.