W-pattern
Great Shorting opportunity in ABBABB is around the Long Term Resistance
ABB is up almost 1200% in last 4 years !
Which is very extraordinary.
If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance.
Resistance is coming around 9200-9300
Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance.
Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300
Thank you !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
SBIN - Classic Textbook Pattern!It is a risky bet since it made a huge doji on Weekly TF and the selling volume is huge on that candle though the prices are sitting at a good level, one can plan a LONG position with 10-15% MAX SL. However, the RRR doesn't look good to me honestly...
Trade details:
Entry - CMP 840
SL - 799
TP - 850,900
- Stay tuned for further insights, updates and trade safely!
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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
UBL is ready for Correction UBL us around the long term Resistance !!
UBL may correct around 2200-2300 level if Resistance is not broken
Also if anyone already has the stock then they may use trailing Stop Loss to limit their Loss and to book Maximum profits from it
Also Stock is making Broadening Pattern on a Daily timeframe
If stock sustain above 2200-2300 levels then It will be multiyear breakout and we can see huge upsidde in months to come
But for now Its around the resistance !!
Thank You !!
AARTIDRUGS [descending triangle pattern bullish]I try new swing trading strategy .. if it work then explain everything to you . all trg open , SL always paid
1) Descending Trendline Breakout: The stock price has broken above a descending trendline, which is a bullish signal. This indicates a potential change in trend from bearish to bullish.
2)Support Zone : There is a significant support zone marked in red between approximately 440 and 470. The stock has tested this zone multiple times and has recently bounced back, suggesting strong support.
3)The stock has just broken out of the descending trendline and is currently around 511.70. This breakout needs to be confirmed with continued upward movement and volume is above of 20ma line like good signal .
4)Based on the chart and technical analysis provided, Aarti Drugs shows potential bullish momentum with targets at 560 and 620. However, it is important to monitor the stock for continued upward movement and volume to confirm the breakout. Keep an eye on the support zones as well to manage risk effectively.
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CRUDE is ready to go up from long term SupportCrude oil will blast upside if Support is held !!
Crude Oil (MCX) is around 6200
Its long term Support or Law of Polarity is around 5900-6000
These channels are working since 2015 in Crude Linear chart
Price action & RSI is indicating that Crude to take support around these levels.
Thank You !!
LODHA Infra will correct from hereLodha is trading around the resistance
This is linear chart of LODHA in weekly timeframe
Stock is trading in a rising channel
Currently stock is around the resistance of Rising channel which is coming around 1450-1500
Fresh Buy could be very risky around these levels
And if anyone is holding then Trailing Stop Loss would help them to grab maximum profits.
Thank You !!
Best swing trade idea on BATA INDIABATA INDIA has fallen 40% from highs !!
Stock has always given correction around 40 to 45% in past
Right now 40% correction is done and if stock fallen more 5% from hereon then support is coming around 1220-1260 levels.
Stock has broken its medium term support which was working from 2019
But stock is also making falling channel and it is working properly.
So if anyone is interested in a stock for a long term then should not of 5-6% correction from here and should start accumulating from these levels.
Also this is best swing trade idea for 30-40% upside from current levels.
Thank You !!
Crompton is going with momentum for More upsideCrompton has reversed from Long term Support !!
Stock always corretcs between 35-50% from highs
And give upside of 130-180%
So this time also from the lows that is from 270 levels we can expects stock to perform atleast 130-150%
Right now stock is in momentum and one can wait for correction and accumulate from lows.