Indiabulls is in a strong bearish trend and now near a strong support zone of 177-178.
A bearish descending triangle with a flat bottom at 178 is visible.
Any move below this level will cause the stock to fall up to 160 levels continuing the bearish outlook.
It can turn the trend taking support from here if the market view is overall positive.
Downtrend...
stock can move either way ,follow the price action and take entry , volume is also coming now mainly upper side
breakout is also happened , retracement is done
upside target = 6412
downside target = 5855
educational purpose only
Price inside a parallel channel and forming a symmetric triangle inside it. One can buy at trend line support around 52, but if you are deciding to go for it then buy small quantity now and if price goes down to support add some more to your position.
Channel top will see some rejection, book at channel top and once again enter the market for this symmetric...
Price beautifully traded in between the trend lines and made a symmetric triangle pattern. Today breakout was expected and it breaks from the triangle. Target price given and it may take few days to reach, if buyers exhausted and price falls below 215 then the above is invalid.
It is hard to share all my analysis, tradingview is restricting 10 analysis for a day....
Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
.
Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
Yesterday cipla broke out from its range today it retested and started moving as expected.
.
Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
.
Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Axis Bank Limited : Private Banking Company ( NSE:AXISBANK ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern....
RBL Bank : Private Banking Company ( NSE:RBLBANK ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High...
Century Textile and Industries Ltd : Textile Industry Company ( NSE:CENTURYTEX ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that...
SBI Life Insurance Company : Life Insurance Company ( NSE:SBILIFE ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Manappuram Finance Limited : Non-Banking Financial Consumer Goods Company ( NSE:MANAPPURAM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the...
Bharti Airtel Limited : Telecommunications Company (NSE:BHARTIARTL) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Voltas Limited : Home Appliance Company ( NSE:VOLTAS ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
Positional Trade:
Buy Sanofi on dips with SL of 5836 and target of 7050+.
Time frame: 210 days
Target will be trailed upside as stocks move in up trend.
Risk Reward= 1:1
