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Weeklychart

WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
NSE:WHEELSLong
by SwingtradesbyAbhishek
PNBHousing looking bullishPNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain. However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing. 630 is an immediate resistance above which it can test the 675-750 levels in short to medium term. So, you can keep the stock in watchlist. Sharing this idea only for educational purposes and its my personal opinion.
NSE:PNBHOUSINGLong
by chartistamey
Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212