TFX break out of a wide consolidation range and reached a new all time high. All moving averages go up and the stock Shows a lots of strength. A possible target is 330-336$ and the stop should be round 285$
ALK breaks out of the sideway consolidation which last for over one year. The width of the range could mark a potential Profit target so that the target Zone lies in a range of 41-47$. Close the trade if ALK moves back into the range.
HBI is in a Long Lasting downtrendchannel. A nice bearish engulfing built up near the upper Bound of the channel in the Weekly timeframe that maybe Signals the end of the upside leg. Take a shortposition the next week.
1. Nifty took support at 50 DMA
2. If you see Fibonnaci retracement, it retraced upto 38% and turned back on higher side
OI data analysis:
1. It respected 11400 where we had highest OI in PUT side.
2. Yesterday we had equal number of OI on 11500 PUT and CALL but at the end Bulls has won the...
Before trying this idea it should be noted this is a high risk long trade setup. The price has been rising up inside a main uptrend channel and currently just tested the baseline of this channel and tending to move inside an another baby channel. I would like to buy as close to the baseline of the baby channel as possible.
There would be a breakout situation...