bharat forge looks bullish in medium termprice is in uptrend channel in weekly time frame. and current trend is up,
So it can go to the channel resistance easily
sl - 1070 1st tgt - 1210 2nd tgt -1280
Uptrend
hindustan petroleum looks bullish price was consolidating in horizontal channel in daily, now there is a breakout with good volume,
in weekly hidden bullish divergence seen
sl - 360.5, 1st tgt - 421
sbi looks bullish in medium term.price is moving in a uptrend channel in weekly time frame, and the current trend is up, so it should easily go to the channel resistance.
sl - 274, tgt1 - 310, tgt2 - 330
V2 retail looks bullish in medium term.in longer time frame it is in strong uptrend.
in daily it is in uptrend channel, also bounced from horizontal support.
with a sl - 230, 1st tgt - 261 2nd tgt - 285
beml looks bullish in short to medium term.in daily - price broke out of consolidation with good volume and closed above upper BB, now BB is expanding.
if we see the longer time frame, 1570-1605 was a resistance zone, which is crossed now, next level to watch for 1800-1810
one should ride the uptrend with a sl - 1509
talwalkar looks bullish in short to medium termin daily, price bounced from uptrend channel support.
sl - 293, 1st tgt - 330, 2nd tgt - 340
dishman pharma looks bullish in medium term to long term.in weekly - it is forming staircase pattern, it is reversed from the support,
in monthly - round bottom is formed and breakout already happened.
sl - 260 (below horizontal support) 1st tgt - 342, 2nd tgt - 390
balkrishna ind looks bullish in short to medium termin weekly it is in strong uptrend,
in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here.
sl - 1573, 1st tgt - 1732, tgt2 - 1800
himadri speciality looks bullish in medium termin monthly, it is in strong uptrend, and has crossed 2008 peak and is in all time high.
in weekly, it is in strong uptrend and price is riding upper BB.
in daily, it has given a breakout with good volume and closed above upper BB and BB expanding.
one should ride the trend with a sl under the previous low.
initial sl - 70. one should ride the trend with a trailing sl under the previous low.
nila infrastructure looks bullish in short to medium term.in daily, it has given a breakout with good volume and crossed previous high.
Also BB is expanding with good volume after a long squeeze/consolidation.
with a sl -17.3, 1st tgt - 23.2
ITI - symmetrical triangle formation going on,watch for breakoutsymmetrical triangle formation going on in daily and weekly
volatility decreasing and BB is squeezing, breakout to be followed soon.
since it was in an strong uptrend, upside breakout expected here.
safe traders should wait for breakout. Risky traders may enter with a sl - 91.
we ll discuss on tgt after the breakout.
tube invest looks bullish in short to medium term. it is in a strong up trend in monthly and weekly time frame,
in daily, there was a breakout with good volume, now retesting, should reverse soon.
sl - 683, 1st tgt - 780, since its in strong up trend one should hold it with a trailing sl.
zeel looks bullish in short to medium termthere is a breakout from a downtrend channel with good volume in daily.
Also BB is expanding and price closed above the upper BB.
sl - 503, tgt - 575
bajaj finserv looks bullishin daily, price broke out of congestion area with good volume,
also price broke out of horizontal resistance with good volume and BB is expanding .
sl - 4265, 1st tgt - 4630, once price goes to all time high , it ll be quite bullish
finolex cable looks bullish in medium term. it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.
so sl - 447, tgt1 - 551, tgt2 - 590
cadila healthcare looks bullish in short termchannel breakout with good volume, in 4H time frame. in weekly time frame it is in strong uptrend.
sl - below swing low - 508, tgt - previous swing high - 555.
also there is a cup n handle probability in daily
How to Trade A Range and Potential BreakoutHello Traders,
All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others.
In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout. Entry at these spots doesn't guarantee sure win but minimize our risk and increase the chances of reward. After an entry, stops can be placed below the range or below the prior swing low -- whichever suits the situation.
Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range.
Notes on the chart.
Hit like for better educational publications in future. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERNTECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120.
FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock.
BUT IT WILL TAKE SOME TIME .
Target:118( Short term)
Stoploss: 97 (Closing Basis)
Target:180 (Medium term)
Stoploss : 97(weakly closing)
Channel breakout in ONGCONGC, fundamentally strong company..
CMP: 192.4
RSI :55
It has made a channel breakout in the daily chart pattern..
It might go upto 200+
target 1 : 195
target 2 : 200
target 3 : 203+
Apparently, Risk Reward ratio is also suitable....
Note: Do your own study before making any positions...
Please Like, Follow and comment your views below .... :)
5 Days EMA crossing 50 Days EMA with Bullish bollinger Band ExpaHDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...
5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....
80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...
In monthly charts there is a 50 days EMA in the range of 90-95 which could act as a strong resistance so booking profit below the EMA would be good .....
Please Like, Follow and comment your views too.. :)
Breakouts: High Potential Returns It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on.
Bharti Airtel: Target-380, 400 SL- 350
BEL: Target -1700 SL 1500
Yes Bank: T1- 1550 SL- 1440
HERO: T1- 3450 SL- 3250
Have a great trading week ahead,
Happy Holi,
Regards
MARICO - EVERY DIP IS A BUY (Trend Continuation)It is been observed on the daily chart that the price action is trending up and now it is near to the next resistance levels of 282, once it breaks it then it shall further move up to next resistance levels of 290. It could become a good trade setup once it crosses above 282 levels.
Target 1: 286
Target 2: 290
Stoploss: 276
PNBHOU has taken support on 50 Days EMA respectedPNBHOU has taken a support over 50 days Exponential Moving average and is now in a strong uptrend with higher volume.In terms of fundamentals it is investment stock. Stock is good for a return of 25-30 % in 10-20 days.... In terms of risk and reward it is best pick...
target 1 :1050
target 2 : 1080
target 3 :1110 +
SL : 1010
