Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
buy above 2560 in intraday
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
This stocks seem breaking out form an Inverse Head and Shoulder patter post and good correction.
The current momentum and trend is bullish in short term as well as medium term with decent volumes.
This is positional trade that can move back to previous ATH with interim resistances as indicated at FIB extension levels
Fundamentally also the stock had given good ROE...
risk: Reward ratio is 1: 2
Rest as per Charts
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Beautiful trade in Deepak Nitrite. price currently at a wonder full confluent area.
Reasons to enter -
1. Reverse Head and Shoulder
2. 50 EMA breakout
3. Horizontal demand area breakout
4. No hurdles after 2494
5. RSI above the MA.
6. Fundamentally very strong company.
Please like the analysis to support and motivate me to make such more analysis.
Deepak nitrite 5-0 pattern forming which is travel on C ZONE WHERE POINT BC IC IS COMPLITED BY FIB .
MAY BE BOOK PROFIT WILL COME IN NEXT WEEK
WAITING FOR D POINT WHICH IS REVERSAL ZONE THAN GO LONG FROM POINT D
6 jan 2022
strong fundamental company
Forming Reverse Head and shoulder pattern
First very short term target 2740
Second target near 2990
Third long term target 3895
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