BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was...
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
Ashok Leyland was trapped in a very narrow range from 110 to 117 after a short uptrend and last month it gave a breakout with over 6.5% rise and it is presently trading along with a trendline to respect, targets and stop loss are mentioned in the chart.
It was in down trend for some time. 1100 was a very strong support zone and it took support around 1130 levels. On Friday, it closed above down trend line with higher volumes. Looks a good reversal play at 1165. Target1 - 1215 Target 2 - 1280 Target 3 - 1370 Stoploss - 1100
This setup is on daily timeframe. Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now. If the 0.61 level is break the we will get the confirmation that the trend is changed. The uptrend will begin and 52 week high will be our major resistance and the target too. Because it's 52 week high it's strong resistance, so...
The last resistance of 900 is acting as new support which has been successfully sustained and retested 3 times. Again a bullish reversal is seen from 900. CMP - 945 SL - 900 Target 1 - 1040 Target 2 - 1075 Target 3 - New all time high If trendline resistance is broken then a new all-time high can be seen which makes this trade great from the perspective of...
first long with the target 2900, then short with the target of 2800 always trail your stop loss LTTS buy around 2500-2530 with the sl of 2430 ( sl on 15 min candle close ) Sell around 3000-2950 with sl of 3070 (sl on 15 min candle close )
BUY ABOVE 33024.55 with a target of 33953.5 stop loss - 32237 (stop loss on 15 min candle close) Personally, I don't prefer this huge stop loss but the pattern negotiation point is 32237 Sell at 33954 with a stop loss of 34057.15 (stop loss on 15 min candle close Personally, I try to short for this trade because the R:R is good in shorting
At important support zone. Buy on bullish patterns (Bull flag and pole/falling wedge, etc.)
Bank Nifty opened with a Gap-Down and was trailing with the same trend till it breaks out the Projection level and changes the Trend.
HDFC BANK is now Ready for a slow jump towards ₹1800+ till next Quater Because Recently it Tested it's major Support and Now it is Ready to Move On *If there is won't be any Lockdown News Again...
Once it reach at D, reversal can expect The chart is self explanatory and is for educational purpose If you agree the idea, support with like
BANK NIFTY SPOT TRADING NEAR SUPPORT AREA ITS BREAK COMING WEEK BELOW 32000 AND CLOSE COUPLE OF DAYS THEN MY DOWNSIDE TARGET AROUND 30000, 27000. ALL BANK NIFTY STOCKS TRADING SOME WEAKNESS. SO PLEASE TRADE YOUR POSITION PROPER HEDGING. THANK YOU
buy if candle closes above previous candle and put sl as days low that be 22.00 . . GUYS IF YOU LIKE THIS MAKE SURE LIKE COMMENT SHARE
Broke a long time downtrend recently.20-50 EMA crossover happened in daily chart. Expecting to go upside if breaks the supply/demand zone with a good volume.
MRPL has given classical INVERSE HEAD AND SHOULDER BREAKOUT above trendline of 40 levels. Buy with stop loss of 40 on weekly closing basis for target of 55 and then 80 if 55 levels taken out decisively. Price is supportive with hefty volumes
1. may fall till 61% and retrace its trend in upward direction 2. could go down till second support level and reverse
after multiple rejection finally muthootfin give a breakout. if take support go for long.