TV18 gearing up for ReversalTV18 Price movement is bullish with periodic correction
giving opportunity for fresh entry. as we see the price
is moving in channel pattern with confirmed support &
Resistance
Uptrend
Buy IMP POWERS LTD AT 91.10 TARGET 130 STOPLOSS 77IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels.
The target from here-on is 126 levels, it can be bought with a stoploss of 77.
Educational 03: How To Trade Channels (Part I: Uptrend)This is the third education series on Channel (link of Educational 01 and Educational 02 given below),
In this educational post, I cover up points that provide trades opportunity in a trending channel.
Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with additional indicators
Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation
I shall be sharing the examples on part 1 in next series.
What's Next: Live Examples of Uptrend Trade Channel
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,
Best Regards,
Neetesh
SAIL SAIL SAIL - INDICATING BULLISHNESS It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks.
Target: 65
Stoploss: 44.50
Duration: 2-3 weeks
Tata Steel Breakout Confirmed at Weekly chart (BUY)After two weeks of correction, this week Tata Steel has broke out and closed above 378 levels and confirmed the bullish trend. Now, it will continue its uptrend and will reach to 430 levels which is the next resistance point.
