ELGI EQUIPEMENTS in weekly downward channel breakout and also inverse head and shoulder weekly breakout point possible. Target 562 if it opens above 507 and sustain in day 515.
It's my personal view.
This is for educational purpose only.
This is not buying or selling recomendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou
Following Points may be considered for your analysis
1. Strong Fundamentals
2. Near Rock bottom support
3. small risk for big reward Best RR Ratio
4. Bullish trend reversal candle near support.
AXIS BANK as per day chart analysis Stock ABOVE 943 TARGET 953
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all...
What is divergence?
Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal.
Once divergence appears, there...
What makes volume price analysis so crucial?
Volume and price analysis play a major role in trading and investing. Volume analysis helps traders and investors identify whether there is significant interest in a particular security. It also helps to identify potential buying and selling pressure, which can be useful in predicting future price movements. Price...
NSE:ELGIEQUIP
Reason for Trade : Daily / Weekly BO
Cmp : 474.5
Entry : Cmp or near 457
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the...
ELGI EQUIPMENTS posted on 21.10.22 Above 506 for Target 535 and as on 25.10.22 it closed at 524.80 after a high of 531 and on next session it should hit Target.
Happy Profitable Trading to all....
Looks like this would be a good pullback after the recent highs, again planning to move upwards. Get ready to enjoy the bull run.
Enter above 452 if the level sustains. Price action levels explained in the chart.
Do your own analysis too and share your views..
Hello Traders
Stock is looking good at great support level.
Good R:R ratio can be taken into picture.
Retesting the early supply zone now acting as support or demand zone.
Thank you
How to Find Pattern Targets correctly. Many people miss the basic points while calculating target from patterns as per text books. I have explained how to calculate targets and how i do it for myself.
