Hello dear friends dis is wait n watch trade setup as u all see on chart that dis stock face resistance near 78.6 fibb level if stock trade above that level den on can add long trade. entry stop loss and target given on chart so plan your trade according to that .
hit like if you are agree with the setup and follow me for more updates and ideas. i really...
The stock has given a weekly breakout.
Daily chart in update.
Note :
All my charts are for informational / educational purposes only .
I post ideas to share interesting setups forming in the market that might lead to generating new trading ideas for fellow traders and myself.
No buying or selling recommendations will be given or answered, please do...
It's based on Newton Method's short trading setup.The Last candle crossed the newton line. If it fall below the swing low; short it with risk : reward 1:2.5
Let's wait for the trading opportunity.
Adani enterprises seem to have moved about 8% in last 15 days .Currently seems to be at the top of bollinger band and has a good chance of retracement till middle bollinger. Additionally volume and price seems to have formed a divergence indicating weakness in the rally.
Short at the opening with a SL at 111 and take profit at 104.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security Which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
dis stock also at make it or break it levels so let's see how dis setup work in coming days. once i get entry point i'll update it and share it with you all so keep in touch.
hit like if you are agree with dis plan and follow me for more trade setups and idea's. i really appreciate your support.
regards
king 999
Dear friends keep on radar dis stock as there is too much buying volume .there is also good risk reward ratio so keep ur eyes on dis trade.entry stop loss and target given on chart.good luck
Hit like if you agree with the plan and join me here for more updates and trade setup.i really appreciate ur support and suggestion's.
kind regards
king999
On daily chart stock had breached Neckline of Inverted Head & Shoulder Pattern But facing resistance at the falling trend line. Once the trend line is taken out we may see stock to move for 87.
Buy above 79 with sl of 74.60 for target of 87.
This has been one of the few stock which turned around in a falling market and broke its downward sloping channel. The stock has recently made a inverse head & shoulder pattern and can be bought around 73-74 with a target of 82-83. SL 69.
Note: Sharp Nifty correction can negate the view.
It is been observed that the price action breaks out from the downward trendline on daily chart and now it shall further move up to reach higher price levels.
Target: 72.5
Stoploss: 69
Adani Ent Trading in Parallel Channel. Moving downwards
Its currently at upper end of the channel hence one can look to short this counter.
It can retest the recent lows of 63.
