UPL on Daily timeframe
UPL showing a trend reversal, the stock was on downtrend since july but started showing a trend reversel. The stock might give a breakout, add the stock to your watchlist so you don't miss out.
Ibulhsgfin Long
RSI Divergence
Resistance at 100 day EMA around 237
Buy above- 238
SL- 221
Target- 258, 286
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
The moving averages are converging. The price is trading above the short and med term moving average. RSI is also supportive. CNX finance also in uptrend. Can see a move in this soon:)
From the date of listing stock has continuously been falling
But now after a good all consolidation(Accumulation)
Stock has started to show good momentum
one can enter know or enter above 390
With a Target of 470 which is 0.618
and SL of 320-23 levels.
Biocon has been the worst preforming pharma stock in recent times.
It gave a BD from parallel channel, But now has again managed to enter back in the PC
If it holds 368 levels can expect an BO.
Use fib levels for better entry exits
This stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation
If anyones looking for a high rewarding low risk stock but rate of sucess is too low...
After a long fall from 3digit rate.
it came single digit.
now,
consolidated, broken trend line n the main thing retested with a strong bullish hammer candle.
i had made a tgt till for 45 which is coming from 62% retracement of downfall.
n more levels are provided to book profits.
thanks
keep learning n be in profit
safe your capital always.
bbie
happy trading
The stock has been in a downtrend since June, moving in a parallel channel.
Currently the stock is touching its bottom channel support line, and is simultaneously near the long term support, and is a strong candidate for possible trend reversal.
In my opinion, it is a bounce back candidate considering many reasons apart from the ones mentioned above:
- RSI is...
HEROMOTOCO is likely to take a BOUNCE from support line @ 2700 lvls as suggested by a bullish candle and past behavior on the chart
TRADE
BUY @ 2700
TARGET 1: 2800
TARGET 2: 2875
STOPLOSS: 2590
The stock can take support at the trendline support wait for a reversal pattern and then take the entry
we try to look buy for the upcoming week
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
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