sunpharma running in a parallel upward channel range, drown trendline on chart add to watch list and watch for channel breakdown or breakout expecting big rally after getting out from channel
EURCHF 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.
ZYDUSWELL | Long time trendline support - Value stock CMP : 1520 SL : 1350 Target : 2400 1:6 risk reward setup
GLENMARK | Reversal from Channel bottom - Trying to capture a swing move of 15% CMP : 402 (Dip : 390) SL : 380 Target : 450 1:3+ risk reward setup
If we take a look at weekly chart of ASAHI INDIA GLASS, it is going in smooth uptrend. In daily chart, it had formed double bottom pattern on weekly support trendline. After breaking out of this trend reversal pattern, the neckline was retested twice. While retesting the neckline, stock was forming pennant pattern in hourly chart. Today it came to apex point of...
TCS daily chart is at support line (Green) and forming a triangle pattern. If it sustains at support level then it may go long. Keep it in your watchlist. Trade at your own risk. This is for educational purpose only. Happy Trading.
As we see RELIANCE is on very good support from its trendline and 200ema (AREA OF CONFLUENCE).We can go long by keeping our stoploss below 200ema. Targets are mentioned in the chart itself.
No doubt that market will be highly volatile ahead of Budget Summary 1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45 Channel width is 1,566 points. 2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue. 3) There is also a Red channel which has...
RELIANCE is taking support from trendline on HOURLY frame .we can go long by keeping our SL at 2450 just below the candle .We can can take last swing high as its 1st target and 2600 as 2nd target.
Tanla formed bullish pinbar at at Support trendline. trading in channel.
Trend - uptrend Pattern - Ascending triangle pattern Resistance - 2.5$ - 3$ (currently at resistance) Support - Trendline support Indicator - Above 50ma Entry - above 3$ (wait for good bullish candle) #Always trade with a trade plan
Chart is self explanatory # Good swing trade for short term targets # Nifty trend matters alot here -Neutral to bullish expected
image is self explanatory with entry and stoploss # nifty direction is mot important here # expected to excute swiftly if direction of nifty is neutral to bullish (little gap down accepted)
EXPLANATION : This is a Daily time frame chart of WIPRO . The stock has been in a uptrend for days and has taken multiple times of trendline support , If give a strong breakdown and broke its trendline support & demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If support taken from trendline either demand zone...
APOLLOHOSP Buy -4000 Sl-3890 T- 4290 4750 5200 There is a trendline . Idea is that it may take support from the weekly trendline.
CDSL has shown some good uptrend in the past six months, now it is in a consolidation phase after a good price correction. We can see while correcting the volume is very low which is a good sign and shows that sellers are weak. Latest candle formed is a strong bullish candle with an above average volume gives a hint of buying interest. A unique thing is that for...
The stock has retested the breakout on three occasions. The third retest seems strong as also took the trendline support. Supply seems to be absorbed and stock seems ready for a swing. I always try and post my stock analysis which offer good R:R. This is one of them. The resistance zone marked can be kept as a SL for gains upto previous swing.
BATAINDIA | Retracement ot previous breakout - Potentially 20% CMP : 1589 SL : 1490 Target : 1870 Almost 1:3 risk reward setup I dont use fibonocci much, but this stock is currently taking support at 61.8 Level.