understanding trade through support and resistance trade will remain void if opens big gap up or gap down.
Forming Bullish continuation pattern(cup & handle) With a stoploss of 1005 Timeframe: 1month
The stock has taken support multiple times from the blue line and again it formed a Hammer candle near the support line. One can open a Buy position if it sustains above 1047 until 1020 is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Tata company hai utha lo, aaj nahn tho kal faida hi degi :P Wait for it to close near the current range and take an entry after 3pm.
Buy Near 1019 SL-975 TGT-1065
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA If you like my analysis do like & follow me as a token of appreciation. If you have any queries on...
Voltas Cash Levels Analysis - CMP 1043 BUY @ 1020-1030 Target 1050- 1060- 1080- 1100-1120-1150-1200+ SL below 999 Holding Period 1-2 Weeks Can buy 1060 CE @ 18-20 rs range CMP 23 Target 35-40-50-60-70+ SL below 9
Hi, Please find my study about Voltas. It got Head and shoulders / Cup & handle / Ascending triangle pattern formations. And in day chart today it shown "Morning star" candle at support, which is good sign for earlier entry. But the perfect entry will be after the breakout of 1132 and above. please confirm it before you go for a entry. Hope that helps, Thanks.
day trade on the basis of support and resistance. void if opens big gap up or gap down.
on the daily chart, voltas will be forming a morning star right at the confluence of support zone if buyers show control today. If the volumes come in today, voltas can be seen moving upwards continuing the prior trend. It has respected the 50% retracement mark and shown correction both in price and time.
The price was forming a falling wedge pattern but broker out of the wedge and formed a Higher high. As can be seen from the current market structure, Voltas is in an uptrend. The price formed a hammer candle on the 200 moving average and bounced back. The 200 SMA has acted as good dynamic support in the past, as has been highlighted by the green circles. ...
the buy entry point is mentioned in the chart buy above only if it closes above it. targets 1,2,3 are given. stoploss can be placed below trendline. the ideas which iam giving here is meant for educational purpose.if you like my analysis like,share and follow me for daily intraday analysis.
Breakout with above avg. volume and also breakout on 50 days MA. Looks good for long position for short term. This post is for information purpose only.