On weekly timeframe, stock breaks out the triangle pattern with good volume. at same the time takes the 20EMA support, it is just below the weekly candle. probable next move would be upside with first target of 910 levels.
Risk: keeping the stop loss below the green candle or below the 20 EMA would be better.
AARTIIND fut is trading at multiple support zone of 480-483, it bounced multiple time from these levels.
Risk:Reward Ratio is in the favour of bulls.
Could be bought with mentioned stoploss & targets.
Aartind has been falling since 149 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Traget: 707.75
reliance has been falling since 74 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Target: green line
FLAG FORMATION BREAKOUT IF, THIS CROSSES THE 1802 LEVEL.
THE FIRST TARGET IS 2034.70
THE SECOND TARGET IS 2106.
Warning:-This presentation is for educational purposes only
