Buy above 469.5 with the stoploss of 466.Targets are 473, 476 and 480. Sell below 466 with the stoploss of 469.5. Targets are 462,459 and 456. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give...
480's expected on Bullish breakout, can be extended ranging in BPCL if that happens re-align the pattern :)
BPCL: Harmonic BEARISH 5-0, Study Paper. This pattern mainly used in FOREX. Though also useful for Stocks much depends on Forex movement. Hence I choose BPCL. Some Facts: 1. On the chart, we notice that the price originally directed upward from the point 0 to point X ( where the point 0, shall be located below the point A ) 2. Further, the price makes a...
We dun know yet that whether this course of action will be followed or not but If and when the price breaks out of the channel, below the the moving average, one can look for an aggressive entry at the first bullish sign in the anticipation of a breakdown failure. The trade is riskier but that's the beauty of this trade. Or else if the price breaks on the upside...
Price action is nearing resistance at 664-667 level. On breaking it with volume will make the price to move towards the targets of 675, 683 and 690 with the stoploss of 661.
We can expect a reversal in BPCL between the zone 644 - 658. It can be a good opportunity for positional long trade. Please wait for the reversal candle on a daily basis before initiating the trade. I will update on confirming the reversal.
Price action has formed double bottom at 598 - 600 level. On taking support Price may move towards 645, 680 and 700. On breaking the double bottom price may move towards 580, 560, 545 and 525. As of now price action havent confirmed long/short. Will update once the price action confirms long or short.
One More Good Stock to trade on Monday, as we saw on 2nd june we got selling crossover rally and it nearly ends, we see now there will be a buying crossover, and we also see that on friday market was closed near resistance above 642 we are expected to see a good upper trend, for intraday trader this is a good opportunity to trade after 10 am, as if it break high...
Went long at 600 as it did not break 598-600 on hourly chart.. and respected the support of 600 which it made on December 2016. Expecting it to reach level of 628-630 in couple of days.
It is been observed on the 15 minutes chart that the price action forming cup and handle pattern, indicating a bullish move ahead. Target 1: 632 Target 2: 638 SL: 620
The stock has formed 3 Drive on Top pattern and we can see the similarity at distribution Zone at top 2 and 3. It is also touching the upper Median line thus giving a good entry for shorting the stock. Those who could afford the stop loss of 745 can short it now and expect a target of 650.
it should not break, if so more weakness to the level of 571 may come
It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern. Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels. It is for...
Is BPCL: @ 667.15 REVERSED after Bullish CYPHER or REVERSED after Corrected to form Bullish SHARK . AS OF NOW "Bullish CYPHER", not Fulfilled all the Criteria, But Nearer. Here is Criteria Comparison: Bullish CYPHER (Colour GREEN) B = 0.382-0.618 of XA, Here 0.548 Criteria Fulfilled. C = 1.272-1.414 of AB, Here 1.234 Criteria...
sell on rise with sl of 695 for target of 644 , 615, 600
As per the Hourly chart BPCL is a buy for positional. Add more if it crosses first resistance Maintain stop loss of 665.