HDFC Bank has been trading in a channel since the covid crash. It's now on the lower channel trendline again which makes a good opportunity to go long because the stop loss will be very minimal.
Also, the stock is between its 50% and 61.8% Fib Level and is trading in a very important zone which acted as a strong resistance earlier and...
Cardano has been traveling in a channel as can be seen in the chart. After about 2 months of falling, it's now again at its lower trendline which generates a good opportunity to go long!
Its also trading above its 50 daily EMA and has broken trendline 1 which was depicting its fall. These indications further support the idea of going...
HDFC life is trading in a channel and is now again at its lower channel trendline and it makes a good opportunity to go long!
There are multiple other reasons to go long:
1)Presence of a strong support zone
2)Support from strong 50 week EMA
3)Support from 200 daily EMA
Furthermore, the Reward to Risk ratio is also favorable.
Stock -> ICICI Lombard
TimeFrame -> Daily
ICICI Lombard has been moving in a channel. It has been taking regular supports from its lower channel trendline since July 2018. It's now back at its lower channel trendline and this generates an opportunity to go long.
There are multiple reasons to support going long on this:
Dabur has been trading in a channel and respecting the lower trendline since the covid crash. It is now back on the lower trendline which generates a good opportunity to go long!
There are four major reasons supporting this:
1) Stock is taking support from its 200 daily EMA.
2)Stock is near its 50 Weelkly EMA
3)It's forming a bullish pin...
Bharat Forge has been consistently following the lower channel trendline since April 2020. It came on its trendline and has shown a strong bullish swing reversal with healthy volumes.The trendline 1 which depicts how the stock was falling has also been broken. This I believe has generated a good opportunity to go long!
Along with the...
Dalmia Bharat has been following the lower trendline since Dec 2020. It's now again at the lower trendline and seems to be trying to reverse. This I believe is a great opportunity to go long.
Besides the pure price action, it's also nearby the 50 day EMA. Along with that, the Reward to Risk ratio is also favorable.
Risky traders may...
Shriram Transport is stuck in a flag and Pole pattern here. The Pole and flag patterns are famous for giving great breakouts. It's at the bottom trendline of the flag which I believe is a good place to buy as the Risk is too small and Rewards are big.
Apart from the pole and flag, there are multiple other reasons to go long:
Bosch has been stuck inside a channel since March 2015. It has now finally given a multi-year breakout on a weekly timeframe with explosive volumes. This I believe is a great opportunity for a positional long.
Apart from the pure price action, I have multiple other reasons for going long:
1) Support from both 50 week and 200 week EMA....
Here we can see that Siemens is taking constant supports from the supporting trendline since Dec 2020. The stock is now again at its supporting trendline which creates a good opportunity to go long!.
There are three strong reasons for me to take this trade:
1) The support zone at 2150 levels
2) The presence of a strong 50 day EMA
The chart is pretty much self-explanatory. There is a pole and flag pattern. Also, it's the bottom of the channel and is supported by a 50 week EMA.
This is thus a triple confluence and thus makes for a really good long position. The Reward to Risk ratio is also really good.
Do let me know your views on this.
*NOT A CALL*
HDFCAMC has been stuck in a triangle since Feb 2019. It has been consolidating ever since and has now finally broken the upper resistance trendline of the triangle.
This I believe is a good place to go long. I have three major reasons for that. The first being pure price action i.e. a breakout with good volumes. Second, the stock has...
This one's a bit complex. Please bear with me!! I'll try my best to explain.
MFSL has been trading inside a channel since March 2020(Covid Crash). Based on the stock's movement, a new trendline apart from the channel trendlines has emerged. We can see that the stock has been taking support from this supporting trendline since August 2020....
There is a pole and flag pattern forming in Indigo. The stock has been consolidating inside the flag since November 2020.
I see a long opportunity here and there are two major reasons for that. The first being pure price action i.e the stock being at the bottom of the flag. The second being that the stock is taking support from its 50...
Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline.
Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an...
Amara Raja batteries has been on my watchlist since the start of 2021. It gave a beautiful breakout in October 2020 and I was waiting for a retest. Finally, it is happening now.
We can also see that along with a retest of the trendline, it is also consolidating in a flag and pole pattern for quite some time now. The stock is...
I am keeping an eye on Reliance for quite some time now. If you see carefully, Reliance is forming a Flag and Pole pattern and it has been almost an entire year now that it is stuck in the flag.
I'm betting big on the breakout. Quite a safe bet I suppose because SL will be too minimal and Targets would be massive.
I believe this is...
HDFC life as you can see is stuck in a channel.
I see a really good opportunity here as there is a high probability for a swing reversal.
I have three major reasons for entering this trade. First is purely the price action i.e the stock being at the bottom of the channel and might be taking a swing up from here.
Second is the...