Uptrend
#LETSTALKABOUTMARKETS - BAJAJ FINANCEBajaj Finance has been consolidating for quite some time now, and it seems to have started it's upside move for a short term perspective. With it's base near 3280, one can enter in this stock with a closing sl at 3260 on a closing basis. Technical perspective, it is respecting it's 7 day moving average and has bounced back from the same today. The RSI is also in uptrend and the MACD crssover has also taken place. Short term target for the same is 3550-3600.
This is purely for educational purpose, but do like and comment for your viewpoint.
BreakOut Of Triangle!!!Short Term Delivery Trade
Buy PHILIPS CARBON around 140-150rs Range
Exit Points: 165-180rs
SL-124rs
4 to 8 weeks Breakout + ShakeoutAfter a 122% Move in Last 10 weeks and a 259% move from its 52 Week low. Ester went in to a 4 Week Consolidation which is generally a good sign, Post Breaking out of this Base on 16th September it reversed and came down for 2 Weeks and then came the breakout again on 5th October which was stronger than the first one as the weaker hands were out after the first failed BO. Technically Entry on the first breakout may have resulted in being stopped out but as they say you should never stop watching a stock immediately after being stopped out of it once.
Gartley pattern in SBIN-Another huge uptrend in coming days?Sbin formed Inverted head and shoulders pattern in previous sessions and showed an uptrend after it.
the stock again formed a Bullish Gartley pattern now-we are waiting for another huge uptrend even stronger
than the first uptrend which was shown with inverted head ans shoulders-the real thing is that the inverted H&S
pattern's uptrend is still pending.the picture is still incomplete :D (hindi quote) :D
It is the best entry time to buy this stock :)
Please like and comment your thoughts on this idea.🙏🙏🙏
I will post another profitable idea like this.
till then,like and comment 😂
ICICI BANKICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above 420 we can see the next level of 445, 480 and 490.
At 490 major correction expected and suggest to exit all position.
FIVE CONFORMATIONS SETUP ON HDFC LIFE !!!Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend).
Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels).
Timeframe used : Daily.
Target : 640-650 or trailing SL.
Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
Tatamotors ReversalTatamotors has been on an uptrend after the March lows. It has very well crossed the 200 SMA with good volumes. It is retesting the 200 DMA as well as the new trend line that it has created. If the markets go green today, I'm pretty sure Tatamotors will continue its uptrend. Also the Stochastic RSI is showing oversold. NSE:TATAMOTORS
Target: 150
SL : Just below 200SMA on a closing basis.