a perfect bullish butterfly is formed a long trade can be initiated on 2nd green candle when it breaks above the first green candle with a stoploss of low of 1st green candle. target based on Fibonacci target 1: 38.2% retracement target 2 : 61.8% retracement.
as we can see a bearish crab has been formed.. trade can be initiated with a red candle targets as per the Fibonacci.. target 1. .382 level target 2. .618 level
as we can see a perfect bullish bat is formed we are on look out for a green candles.. with the news of collabration with ford and also a successful testing of driverless tractor tech a long can be initiated after 2 consecutive green candles with 2 candle breaching the highs of first candle. a trade can be initiated with the 2 target on the basis of fibs..
a bearish bat has been formed, will enter into the trade when we 2nd red candle breach low of 1st red candle target 1: 0.382 target 2: 0.618
the last candle indicates trend reversal with a price action box so a conservative setup would be entry once it cross 310 with CBSL of 303.5 and target of 333.50
there is resistance at 460, with no fundamental news future, it looks like the bull run of ioc has lost the steam it is safe to short 470ce @ 8.50
bullish trend as the trend reversal is visible in the charts. no major negative news in offing which can move market downward. entry around 310-311 with SL of 303 and target -333
trade can be entered around 989 with target of 1034 and SL 971 Reason : trend reversal and overall bullish market.
should long with target of 865. positional trade idea for test purpose only. major news being : addition to nifty 50, the stock the react to the news. e.g: ibulhsfin target 865 sl: 812
hindzinc long idea.. its a for testing purpose only.