Looking at the Volume and Chart Pattern Breakout stock is ready to make a new high and floate in uncharted Territory.
Time wise correction of more than 6 months has given a decisive breakout.
Buy Range 1020 - 1050
Stoploss = 900
Targets = 1260, 1320
Action till date (Daily Tf) - YES Bank has successfully given a breakout above 200 DMA on the daily time frame for the first time since 27.03.2019. If we go by the book, closing above 200 DMA signal trend reversal in the stock. We will have to look if the stock sustains above the same for further and decisive confirmation. For swing trading opportunities, below...
Do you think that things happen randomly ?
A wise man once said
" There are no accidents.
Yesterday is history. Tomorrow is a mystery. But today is a gift, that is why it's called the present. " - Oogway
" Random until you find the Order! " .There is no thing called random in this World we are living. Each and everything is arranged and ordered in its own way....
On Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
Greenply Industries took solid support along its 200 Exponential Moving Average (200 EMA).
This led to a breakout of the falling wedge pattern and is indicative of a bullish reversal.
Targets indicated on the Chart.
On daily timeframe falling wedge pattern in UPL. Once this stock gives breakout of it's resistance level then expected this stock will move towards the 790 to 850+ target in short term time frame. Good to go long in this stock above 740 with close stop loss at 700 for target of 790 to 850+.
On daily timeframe, BHANDHANBNK shwoing falling wedge pattern breakout. After this breakout expected it will rise upto 425+ level in upcoming few trading session. Downside possible if not sustain above the breakout and starts trading below 275 level. Possible trade for this stock is go long above 305 with stop loss of 275 for targets 350 and 425+ for short term.
In today's session, Maruti Suzuki gives breakout of the wedge pattern. If this stock sustain above 7340 level then expected it will give target 8330+ in short term period. During this rally this stock may be face immediate resistance at 7660 level which is our initial target. Small correction chances from this level. We can initiate this position with short term...
risk: Reward ratio is 1: 2
Rest as per Charts
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it...