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Symmetric triangle breakout SOLARINDS Symmetric triangle breakout in solar industries. Today Important Supply Zone (2940-2970) as well as Major resistance broken with good candle and volume. For further upside rally, stock has to close above 3000 with good candle and Volume. Stock has a potential to reach 3500 level. Previous supply zone should act as support now. Idea SL -2800 and for risk averse can keep 2870 as SL. This is just a view not a recommendation to trade. Do your own analysis before taking any trade. NSE:SOLARINDS
NSE:SOLARINDSLong
by varun_devadiga
6
Possible trend breakout in Nazara? Stock is at Very Curial Level. Keep an eye on this stock. If price close above 730 and sustain in that range, then we can see a good bullish movement in the stock. Reason is very simple, if price close above that range, then major resistance as well as supply zone will break. Which confirms buyer's control over the stock. Wait for the breakout, then only enter stock with proper Risk- Reward. Will Update once the breakout is confirmed. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:NAZARA
NSE:NAZARA
by varun_devadiga
Ascending triangle breakout in PAYTM ?Ascending Triangle Breakout in PAYTM in Daily Chart. After the continues down fall from the listing, now, the downside momentum was paused. Bulls are slowly taking control of the stock, Previously they tired for breakout but stock was stuck in 750-770 range. Then stock came around 680 range where there was a strong trend line support. Next day formed inside bar candle, by that again bulls paused further downside movement. Now, the stock broke its previous 750-770 range with good candle supported by volume. So, 770 range will be immediate support, 720 will be next Important support Stock has a potential to reach 930 level in coming days. If any one taking trade now, 730 will be SL. Any one taking position for retest, then Risk taker keep 678 as SL. For less Risk taker 697 will the SL. Overall analysis is given in the chart. This is just a view not a recommendation to trade. Do your own analysis before taking trade. NSE:PAYTM
NSE:PAYTMLong
by varun_devadiga