It's bullish on monthly charts too. After considerable correction, the second bullish wave has just started above 60, so one can still accumulate if near term if we see any downside keeping strict stop-loss at 60. On the daily chart, it is very bullish and the uptrend has already started. Suggest to book partial profits sequentially at levels of 90, 100, 110,...
Reliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum. . Reason to Buy after Retracement: 1) Pattern breakout 2) Good volume at breakout Indicator supported this breakout: 1) Bollinger bands 2) Moving Avg. . Planning on Buying at retracement. Stop loss will be below immediate support level. . Hault...
Advanced Enzyme Technologies Ltd: Inside bar pattern on 1 hr TF chart with a spike in volumes. Strictly enter and exit strategy. Entry at INR 194.85 (High of the preceding bar) and Exit/ Stoploss (low of the preceding bar) at INR 185.10. “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these...
This is weekly chart of ATUL on NSE (INDIA) which looks an excellent investment idea based on following observation: 1. It is up trending scrip which is quite obvious by looking at chart. CMP is 3304.65) 2. Two trendlines have been drawn which have been tested many a times exhibiting multiple supports (shown by arrows) 3. Dividend has been paid in July 2018 (Rs...
BTST IN INFY SEPTEMBER FUTURES DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT PULLBACK PLAYED-OUT NEW HIGH TAKEN-OUT A CLASSIC UPTREND CHART BUY@1440 STOP@1429.5 TARGET@1455 LOT:600 QTY:2
Here the stock bounced back twice from upward support channel. This seems like a good indication that it is firmly heading upwards. Let's wait and watch.
It is been observed on weekly chart that the price action firstly trending under a downward trendline and then breaks out of the trendline with good volumes. Now, it breaks the resistance level of 89 and now trending up in a channel and it shall reach to 95 levels. Target: 94.50 Stoploss: 84