I have explained my Idea in the chart itself.
3 points explaining why to go long on the stock.
*ITC has formed a double bottom pattern in the weekly chart and has has broken the resistnace*
Please like if you like my analysis. I am always open to thoughtful discussion.
I would suggest to trail the Stoploss after getting the first target rather than booking on...
Ambuja cement is in a Strong uptrend in weekly charts going with that Idea we are taking a long entry in a shorter time frame.
Ambuja cement has given a Breakout in hourly time frame with movements in volume. The second reason to go long is that the stock has taken support twice at the 0.382 levels of the fibo and has formed a double bottom at the respective...
This stock has been consolidating for the past few days and Have given a wonderful breakout with a Big green candle supported with Large volumes on a Daily chart.
Suggestion would be to buy it on a dip somewhere around 211-213. Targets can be set Till 235. There are high chances that the stock might hit the target in a very short time.
- Nifty 50 has been in a strong up move from several weeks and days. Everyone is expecting a correction. and this analysis shows
the study which shows that Nifty 50 is preparing for a down move.
- throughout it's upmove nifty 50 has gotten into a tight range now making a rising wedge pattern which has a high probability of breaking down and high profitability.