In monthly time frame, long lower wicks seen in last two months which indicates buying is happening at lower levels, so if its upper resistance is broken, the stock has the potential to go up.
Target cannot be decided as no upper resistance known, so trail your stop loss as per your choice
Stop loss as per your risk appetite.
What is Smart Money and what it does in Markets? The most asked but unanswered question.
In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move.
Yes - The people who knows when to enter and exit the market - Are SMART, isn't it
SMART people understand the VALUE and Fundamentals to find...
Around the World, Indice Derivatives are the highest traded contracts.
Understanding the Indice's formation is more important to trade them.
90% of the Global Indices are Capitalized weighted and to understand their formation, we need to go deep in to the mathematics to reconstruct the Indice based on allocated weightage of the stocks.
The Primary advantage of...
Let us keep stock Markets away for now and take some of the real world scenarios, where we can apply Value based buying and selling in our daily life.
The Great Real estate Market
When someone plan to buy a Plot in an venture, Let us see how an Smart Person makes the decision, by...
RBL Technical RBL Create Buying Pressure at 684 and selling Pressure at 675.50
RBL Fundamental RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower.
RBL Bank broke out of a flag on 4hr timeframe , retested the flag and now moving strongly in an upward channel , can go long at CMP with stop loss of 650 for initial target of high of 690 and then expected to make a higher high in 720 - 725 zone .
Bearish Butterfly pattern in 4H chart of RBL Bank. SELL around 493.
I just started learning Harmonics, so I'm not sure about the Target and SL yet. Want to get comfortable first, in drawing patterns according to the rules and see how it works.