Stock is at strong support level , price is now at range and accumulation of share is must happening as volatility deceased
RSI is continuously making Higher High
Possible upside breakout will happen
targets are mentioned i.e 83
lot size = 5700
check out the other ideas as well
FOLLOW & LIKE & COMMENT
Current position is BUY bought on August-4-2020 at 10987
Action for 5th August 2020: Continue to hold Long and reverse to Short if NIFTY closes below 11037
Profit as of now 123.6 points
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Use a Heikin Ashi Chart...
Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock...
RSI in the overbought region with a value above 80 indicating the price drop
MACD line above the signal line with a huge magnitude indicating an uptrend
CCI above 140 indicates a downtrend
Squeeze indicating an uptrend as the market volatility is high
Current position is SELL sold on 10 JULY 2020. @ 10781.57
for July 15 2020 Continue to hold SHORT and reverse to BUY if NIFTY closes above 10673
Profit as of now 173.6 points
Last 3 position performance
1. BUY : With a profit of 386 points (1st July to 8th July 2020).
2. SELL: Loss of 54 points (8th JULY to 9th July).
3. BUY : Profit of 38 Points (...
11th June and 12th June - price movements have created Island reversal and if gap between 26938 and 26924 remains, then soon 1st target will be 24754 and next will be 23029 ...stoploss 26938
Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
Has very good multi year support around 750. Look at the volumes when it traded at 750. Also there is a RSI positive divergence. 750 should act as very good support, I entered at 750, and Planning to add more at 612 if it goes to that limits. Very good bet I believe, should give 10-20 percent returns in no time
I know I am a bit late here in publishing the idea,...
Please refer the chart for the upcoming weekly expiry of 7th may.
Strong reversal zone @ 10150-10250
Reversal zone @ 9960-10000
Minor support zone @ 9600-9700
Major support zone @ 9300-9400
Strong support zone @ 8900-9100