Target : 200/208/215/225/235 SL : 179 Reason : Exide Life stake sale boosts EXID balance sheet considerably, with overn Rs 60b worth of stake in HDFC Life now available at its disposal. With EXID possibly looking to invest in lithium-ion cell manufacturing under the PLI scheme, this monetization of the Insurance business could not have come at a better time.
In 1 day stock is nearby its lower trendline, Currently took support from 50Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Breakout with high volume. In 2Hrs timeframe it has completed 38.20% retracement and also supported by 200 ema. The Indicator Used: PANEL 1: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY...
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 5 to 10 times.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 2 to 5 times.
TREND ANALYSIS TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long. Risk Reward is more then 6-8
TREND ANALYSIS Trade Setup Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. RR= 5-8 times Will Update the 2nd Entry if it comes .
Price above cloud. Break of triangle leads to upside movement.
CMP: 204 TGT: 213, 223, 239, 247 SL: 196 Nice price action, bouncing from support areas. Seems bottomed out on daily and weekly charts. Can go long as decending triangle breakout coming soon. Disclaimer: I am a novice at charting and this chart is for educational purposes only. Views and opinions are welcome.
In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis. After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action...
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up. As per Elliott Waves, there is completion of Regular Flat...