Sail Fibo+Triangle+EMAs. Breakout??Formed a triangle + Nearby Fibo level + Also got supported by EMAs
The Indicator Used:
PANEL 1:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Uptrend
BIRLASOFT || Uptrend Support + Support Zone || 10% move expected1. We started with Daily chart to find the bias (buy/sell) & we found it is an uptrend move with price at trendline.
2. We changed to 4H and 2H chart frame to check any king of buyer's entry or green candle forming. (Able to spot 2 green candles)
3. We changed back to Hourly and later 30 Min chart to mark the key zones in short-term basis.
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The company is fundamentally strong and hence a long position will be a good side.
Even though I feel that the trend line will break but the charts are showing me a different picture. Hence one should always trade what they see and not what they feel.
No matter if this trade will be a positive or not , I promise to keep my loss small & profit trailing or running till the time I can.
Thanks! Don't forget to hit that like button and comment your doubts.
BEL looking very bullish the next few weeks- The Fibonacci ext. shows a target of 1.618, i.e. around 170. Usually, movement of price to 1.618 is faster than the rest of the levels.
- BEL trades in an uptrend.
- It broke yearly resistance (in Jan 2021) and is now showing more upward movement.
Buy now and sell at 146 for swing trade and ~170 for positional.
Thank you.
MOTHERSONSUMI | BREAKOUT CONFIRMED ON WEEKLY CHARTS | LONG SETUPStock has given a breakout over it's neckline of the inverse head and shoulders pattern, with high volumes and buying crossovers on various oscillators. Stock looks to be in uptrend and buying will remain intact. Pitch right in and go long with the mentioned stop-loss, for the mentioned targets.
Breakout on MAGMAThere is a class breakout on Magma fincorp on daily chart.
Levels :-
1st Target :- 60.00
2nd Target :- 68.00
Stop Loss :- 47.60 on closing basis.
BOSCHLTD | Inverted Head and ShoulderBOSCHLTD has formed an inverted head and shoulder pattern which is bullish in nature. This is supported by the fact that the volumes have been much higher recently. It has given a breakout on 12-JAN-21. I am looking to enter this trade as the RR is very favourable.
Trend Targets -
T1: 18450
T2: 22700
SL: 13600
Tata Motors - Extremely Bullish Tata Motors was a downtrending stock since few years but it has changed its trend now. Closing above 200 will see the stock being doubled soon.
It's ready for a huge huge upmove above 200, levels are mentioned on the charts.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
Nifty: Chance not given … Bears need to WaitBulls are in full charge as they do not allow prices to slip below 14,100, which could have triggered some selling impetus. But that possibility is now behind us and the underlying momentum should help the index rally further upward. The index has just nudged itself within the red rising channel on the 75min chart of Nifty Futures. On the upside, 14,500 is the obvious target with any price correction to face support from 14,250 which is the upper border of the blue channel. Strategically staying bullish is the sensible thing to do, unless proven wrong.
Trade Well. Trade Wise.
Inox Leisure supportInox Leisure taking a leisurely stroll after holding onto the monthly support on log scale