2000 acting as a psychological resistance here. Would be interesting once it breaks that level.
Trade voided if the pattern gets broken on the downside.
buy above 1960
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is...
Seems good for atleast 4% gains in few days as we have both hammer and inverrted hammer. Today it opened higher than the previous close indicating bullishness.
POWERINDIA respecting Trendline and if you see a bullish Price Action and the previous Market Structure high getting broken, can go long with proper risk management.
The stock seems to made a pullback and its moving higher on the longer time frame.
If it makes any downside move the mentioned levels can be considered for accumulation and potential reversal could be witnessed.
DAILY SWING CALL // Thursday 18th of February 2021 / NSE:POWERINDIA
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1445-1465
TARGET: 1685+ (15%...
