Go Long above 80.6 for Targets of 83.05, and 85.5 with SL 78.15
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish candlestick pattern ( Bullish Hammer ) marked with the orange color is formed...
Swing Trade -
Increase in the RSI Strength
Morning Star at the key support
Buy above black line
SL Red Line
Target Green Line
There are people who likes to trade based on breakout or chart patterns only. But not all trades can be captured based on chart patterns and breakout trades are usually good for Intraday / BTST. Indicators and candlestick patterns can...
Stock is still in channel making HH's and HL's. Now may again take support at channel bottom and rise back to 88+ levels. With BN rising, it may soon give Channel BO for targets of 95+ soon. Keep in watchlist.
What is Cup & Handle Pattern ?
1.A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
2.A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
3.Technical traders using this indicator should place...
Buy-73-75
SL-69 Below Daily Closing Basis
Target-90-96-110
Time Frame - 2 To 3 Months
Accumulate At The Given Levels Only..
Don't Jump Before The Levels..
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Hi Guys,
Welcome to Thenali Views?
Today we are going to learn how to identify the trend?
What is Trend in the Market?
In layman language: Stock moves higher and higher its uptrend or Stock moves lower and lower in downtrend.
Then....
What is a Range Bound or Consolidation?
When the stock moves in a within range for period time its consolidation.
But you...
There is a Long Term Trendline from 2017 and has made 3 attempts to break this TL. Once in March and there was a fake out in July and now I expect a breakout of this long term Trend Line.
Can go long on a breakout with volume and a retest with a Bullish followup Candle for the following targets.
T1-96
T2-108
