Amatuer_Sanjay

Amatuer_Sanjay

Buy @CMP Target1: 487RS Target2: 514Rs SL: 457Rs Near Support level and retest done. So can buy safely.

Amatuer_Sanjay

Check if the resistance breakout becomes the support line by waiting for retest. if retest is successful then this stock will rise till the new resistance line (RED colour) So Now just its waiting game to check if retest happens. Its also possible that stock might directly move to new resistance line. Note that the volume is good. So if you wanna take lil risk...

Amatuer_Sanjay

self explanatory. Resistance and support lines are drawn and its near support line so defininte buy.

Amatuer_Sanjay

Wait till support is reached and then buy and wait till resistance is reached again and sell then

Amatuer_Sanjay

As you can see on the chart, the price is near 2 resistance lines. Sop the price is gonna drop. So wait and keep monitoring this stock price to reach resistance level (Green Line) and then Buy. Hold it till it reaches resistance again and then sell off and book profits. This is just for swing trade and not for investment.

Amatuer_Sanjay

Morning star is formed but near resistance line. So trade will most probably come down. If stock crosses the resistance line then wait till retest and then buy. Else if stock comes down then wait till it comes to support line and then buy there and sell at resistance. Good for swing trade

Amatuer_Sanjay

Reasons to Buy: Morning start pattern has formed and if you check in history of this stock, whenever the morning star pattern is formed, the stock has always gave bullish candle the next day. Resistance dictates the first target to be 1.65 Rs. Buy at 1.55 Rs. Stop loss at 1.45 Rs. I understand that Risk to reward ration is not good but still the risk is very unlikely.

Amatuer_Sanjay

Blue support line now turned into Resistance line Swing Trade possible. Currently Price is near Support line. Also seems like Morning star pattern will form. Buy tomorrow @mkt price say 243Rs Stop Loss: 230Rs Target: 261Rs

Amatuer_Sanjay

See that in long term the stock is in Downward trend and short term its in upward trend. A w shape formed at end and trend reversal is a possibility. Still since thr price action is at the resistance line, its advisable to sell the stocks tomorrow and then keep a watch. when support line is reached buy again. For now do swing trade here and once the downward...

Amatuer_Sanjay

Even though people say to buy this stock to see short range, don't fall for trap. The stock is in a big downtrend movement and the rise u see is just a correction. Since the Market is bit bullish,the correction is seem to stretch. But this price will fall again soon. so don't buy this stock as per technical analysis

Amatuer_Sanjay

Note below points: 1) The long downward trend is broken and up trend seems to have started. Morning star pattern is marked indicating rise is stock price. So definite buy. MACD and RSI also indicate buy.

Amatuer_Sanjay

Fundamentals may be weak but technical analysis indicates rise in stock price. See how beautifully fib retracement is followed. Also shoulder pattern if formed. The stock price will rise for sure in future.

Amatuer_Sanjay

triangle broken in bullish direction. FIB retracement also supports. Definite buy

Amatuer_Sanjay

Look how beautifully FIB retracement is followed Also the resistance trend line broken and tested SO stock will rise up BUY BUY BUY

Amatuer_Sanjay

Fib retracement beautifully followed Broken resistance line convincingly and tested. Stock will go high atleast 9% now Swing trade and book 9% profit withion 1 or 2 weeks.

Amatuer_Sanjay

Beautiful Triangle formation and Fibonacci retracement rule followed. The RSI and MACD also giving green signal When consistently the trend line is crossed and closes on daily chart above trend line, then you can go for buy. If you check the weekly chart also, a morning star formation is happening. THAT IS ALSO GOOD SIGN.

Amatuer_Sanjay

The Weekly chart is the one to see this stock by. You can see that a big red candle and then a doji candle is is formed. now this week a green candle is being formed. So it will be a morning star formation by end of this week. The reason is that even RSI curve is taking a U turn from going down to going up. Thats a double confirmation Also Vodafone went through...

Amatuer_Sanjay

Well The trend is bullish. But see the trend resistance loine. The candle today closed near resistance and hence probably tomorrow a red canle will be formed but the stock will keep moving up. So may be try to short tomorrow for intraday and at the end buy the shares tomorrow end and hold it for say some 2 weeks.