USDCHF - Up Trend - TVP break analysisABCD is an Up Trend, 'E' being the TVP of the trend.
Candle 1 and 2 broke the TVP and gave rejection to go in the downside direction, hence the bias stays inline with existing trend bias (Upside).
Entry (Long) comes at TVP level.
First target is at level 'F' , Second target is in 1:4 RR.
Stop is placed below Swing 'B'. As price moves stop can to dragged to break even.
Uptrend
laxmi machine looks bullish in short termIn daily, price at ascending channel support, it can move up to 6300, 6700 levels
voltas is bullish in medium term.in monthly, voltas is in wave 3.
if we check the fractals of wave 3, then we have 2 scenarios.
1st scenario - wave (iii) of of 3 going on.
2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy.
Note: this post is for educational purpose
bluestar looks bullish in medium term.Bluestar is in long term up trend.
In weekly, price crossed the previous swing high and closed above the upper BB. After a squeeze, BB is now starting to expand.
One should ride the trend here and gain the profit from the uptrend. sl should be below the horizontal support - 645.
tgt1 - 810 tgt2- 900.
Infosys looks bullish in medium to long term. In monthly,
It is at ascending channel support. So it is expected to reverse and go up towards the channel resistance.
sl - 850 tgt1 - 1250 tgt2 - 1340.
In weekly,
hammer formed at channel support it can easily bounce to touch the channel resistance @ 1010.
inox leisure looks bullish in medium termIn weekly, price at the ascending channel support.
sl - 220, 1st tgt - 300
lakshmi vilas bank looks bullish in short to medium term.It is in long term uptrend.
In weekly, price bounced from ascending channel support and previous peak.
Also price bounced from uptrend lower BB.
In daily regular bullish divergence is seen.
sl - 165, tgt - 210-220
merck looks bullish in short - medium termlong term trend is quite bullish.
in daily - price near uptrend channel support. with a sl - 1060(below channel support) tgt - 1280, 1300






















