NSE: PNB Housing Possible long for 1037+
Trading above 50% fibo level and acting as support
Possible long at current level with stop loss @ 824
Target insight 963 & 1034 + in short term
Break out above 1000 level will push prices rapidly higher
Break below 824 will bring more downside
Use stop loss and trail stop loss
Time frame 4 to 6 weeks
Stock has formed the Classical Descending Triangle within a Falling Wedge. It has given breakout today with gap. ALthough it made a black candle but still this breakout is valid and gives the opportunity to enter cheap. Those interested in pattern trading could use the setup for the target of 227.50/243.
Disclaimer : All ideas are my personnel view. Please take...
This is daily chart of SUNTV on NSE (INDIA) with CMP @ 607.55. It seems to be a good shorting opportunity in the scrip based on following observations:
1. It is downtrend which is obvious from the chart. Counter trendline has been drawn which acts as resistance marked by arrows.
2. It is also observed that price tests EMA50 on retracement and gets rejected to...
Ontology is about to breakout from triangle.
lets see in which direction it breakouts.
Keep it in your watchlist.
Invest at your own risk as it seems good profit from here but market manipulation can do opposite things as well so if you enter then do by using stop loss as well and invest only what you can afford to hold/loose for long in crypto.
stock has reversed from previous high which has provided crucial support to the stock. It has retraced 50% of its current move also on daily chart it has given breakout from descending triangle if we go buy the measurement rule the next likely target for the stock comes around 1550/1600 with strong support at 1280!