weekly close below 3540 will take bearish entry next week disclaimer - trade @ own risk
Mirza Internationl gave a clear breakout on weekly charts and Closed above its 200 DMA. Now 84 is the near resistace after that 100 above will be the target Keep Sl below 57. This is for educational purpose only. Check out my previous study on CANBK also.
A Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Technical: 1)Consolidation of almost 2 years. 2)Strong weekly close with good volumes. 3)Momentum indicators are looking good on weekly basis. Fundamental: 1)Posting good profit results. 2)Increasing EPS. 3)Almost debt free. 4)Healthy Dividend paying company.
A Cup and Handle formation is seen in Tejas Networks weekly chart. Price has to however cross 220 levels and give a breakout. If a breakout is seen from these levels then we safely take a long position.
MCX has given a long term breakout. The stock can be bought in tranches. Pullback can happen which lowers risk. Positional trade idea
In this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Bullish Flag breakout in M&M after six months consolidation on monthly chart & on weekly chart as well. Auto index also gave breakout and looks bullish on daily chart. Resistance levels to watch is 822, 850.
TRADING LEVELS ARE MENTION ON CHARTS, BIG BREAKOUT ON WEEKLY CHARTS WITH REASONABLY GOOD VOLUMES . Big breakout on weekly chart with reasonably good volumes. Trading levels are mentions on charts.
DISHTV has completed a cup and handle base formation on the weekly chart. Breakout candle was formed with volume. Risky traders can start building long position while also looking for a pullback where full position may be created.
Titan is in ascending channel which looks extremely bullish on weekly chart. Once it breaks this channel downward we can expect a good correction of 15-17% on weekly chart which will bring it to long term support line.
BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL. Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for...
GODREJCP | Strong and value stock - Getting ready for 30% CMP : 736 (We are tracking from 670 zone - ref chart is attached below) SL : 680 Target : 970 1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.
NSE:BIRLAMONEY Cup & Handle BO at 52 Corona Top BO & End of 2 yr Consolidation Upside Potential : 90% CMP : 53 Buy : 55-46 TGT : 70 - 81 - 98 SL : 42 Trading Above Long Term Weekly Avgs >> Bullish Signal Heavy Accumulation
Ascending Triangle Breakout Very high volumes show accumulation Tgt: 81-110-143 SL : 48 R:R - 1:4 For education purpose
ITC is showing bearishness in weekly chart and may retest 164 to 155 level. If ITC cross above 239 and sustain only then it will show upside movement.
NIFTYPSUBANK Index is exhibiting inverted Head and Shoulders pattern on the weekly chart, with the price just about touching the neckline of the pattern. A measured move target would mean price going toward old time support/resistance line of 4000 on the index. We are bullish on the Nifty PSU Bank index with the price target as mentioned.