ITC after making high of 360+ n shown an headand shoulder breakdown to 135, there is a strong demand zone between 167 n 150 which MAY act as trend reversal zone(as of now no sign). Can keep this under radar. Targets n supp resistances mentioned in monthly chart.
LIKE N FOLLOW for more updates
Pharma stocks have been corrected from their highs.
Auropharma has given a breakout from the trend line with high volume.
Macd is also giving a signal for reversal.
Buy @ 821-825
Target I - 887
Target II - 961
Stock market is not made for retail traders to win. It is made for them to lose and that is the only way professionals can make money.
They will drift retailers out in a shake out and force them to commit on the wrong side of the market. And trust me or not, this is the only way they can make money in the stock market.
There are a few reasons why the...
Hii this is trader Kanishk
Today IBULHSGFIN is trending in on my Radar
and i am going to take a long positional trade.
YOU CAN ALSO
Watch this video complete then take decision.
wether BUY Or SELL.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please always take trade after managing your risk reward .
Today an idea to L&T
Buy when trendline will break
dont do hurry
BUY LARSEN & TOUBRO
After watching the full video till end. I have discussed everything about this trade setup.
After confirmation of trend change
After following all the steps told in this video.
This is a bear market phase and this is not the recovery this is the bullish trap .
BANK NIFTY Trading is always in high volumes.
Its very important to understand the entry and exit levels for same.
Candle Sticks and candle patterns give us a good view of the future trends and thats how I derive data.
Upper Range 20550
Lower Range 19750
Lets talk about more ideas.
As you see above: (i) "In the daily timeframe BTC brake the Bullish Trendline & move slightly to the downwards" <<< here is the first sign
(ii) Another confirmation will be coming if it brakes 200 days EMA line
Bank Nifty reversal pattern form in daily chart. One can go long with Bank Nifty with strict stop loss. This is my own indicator "Trend Trader Harshal". It represents current trend as well as higher time frame trend in same chart.
Stock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be...