since the zone of 440-444 has acted as a support/resistance zone previously, current price action showed rejection to the same zone and sustained above the same. with the better risk reward ratio we can go long with previous low as a SL With the above mentioned targets in the chart. Rsi is also near to oversold zone. so, would suggest to go long. #ENTRY :- CMP...
it seems like the price is sustaining above the resistance zone very nicely, can GO LONG at CMP or buy on dip till 317 level with Sl of current low which is 313 for the target of rs 350 as shown in above chart. ENTRY = CMP OR BUY ON DIP TILL 317 RS SL = 1D CANDLE CLOSING BELOW 313 RS TARGET = 350 RS THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR...
after breaking the previous highs APLAPOLLO looks good at this price. Gave a strong closing above the resistance zone, so, we can expect a good upside move. We can also consider this as a Double Top breakout, Go long with strict stop-loss for the given targets.
In chart as you can see previously trendline which I have drawn as a channel there in chart has acted as a strong trendline resistance, price got pushed down every time it touched the zone/trendline/resistance channel. A Strong Breakout with such huge/unusual volume can be seen in chart and also breakage in (Lower Low) LL- (Higher High) LH cycle, can be a good...
Would love to call this analysis as "CDSL 2.0", After sharing study/view previously, the Price Moved exactly as per our analysis that we plotted/planned in the/as per chart. So This Time Sharing the analysis on same stock but with different condition, different situation in the chart. We can see the price rejection from the previous highs (rejection marked in red...
A good opportunity to enter in CDSL after a big correction in market. In chart we can see previously, the trendline acted as a resistance and now the same trendline is acting as a support line/zone and bullish slash candlestick pattern formation can also be seen on the trendline. After a correction a good upside move can be seen in recent/today's (30th August)...
After a big fall of nearly 130 points, MSTC is currently trading at/near Demand zone, we can also call it as support zone. Previously the same zone acted as a Résistance/Supply zone, which is indicated by red arrows, seen a strong rejection from upper level. After being in a channel for long time A strong Candle closing with huge volume can be seen in weekly...
In MOTILAL OSWAL FINANCIAL SERVICES (MOTILALOFS) a strong weekly closing above the resistance zone can be seen . after a long consolidation stock has come to point where it can show a good bull run or upside movement. Can be a good positional/short term pick with good risk reward ratio for the given target in chart. Go long with the strict stop-loss of 915 level...
If you look at chart at around 623-618 zone, we saw price rejection/resistance from this level. today in 1D timeframe the candle has given strong closing above the resistance zone with unusual volume which sounds good for this trade And same zone 623-618 will act as a support zone. Can make fresh position at CMP OR if you see any pullback/retest/backtest from...
Range breakout with quite good volume in IOC can be seen. Can buy at CMP for the target of 118.05 or can wait for the daily candle closing above 106.60 level with a strict stop-loss of 100 level (only on closing below basis). Can expect a good upside-move after a long CONSOLIDATION or stuck in zone for a long time.. THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL...
In this chart, RSI (Relative Strength Index) study is carried out on 4h timeframe chart with possible support zone/range and targets. Previously in chart after bearish formation, we saw sharp fall in price both the time. recently in chart, we can see the formation of Bullish/Positive divergence is visible, which suggests (not every time) the end of bear's strength...
A Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511...
Bullish divergence in the RSI indicator and good upside movement with good spike in volume can be seen in TIDE WATER OIL. Buying at current levels can be a good pick. Above horizantal lines in the chart are the targets for this trade, would suggest to book some part of your profit at every horizontal line/resistance. Can go for the target of levels 2147.30, 2280,...
HEAD AND SHOULDER PATTERN BREAKOUT and RETEST with quite good VOLUME can be seen in AMARA RAJA BATTERIES. Price rejection from the lower levels/RETEST/PULLBACK ZONE can also be seen in 1 DAY timeframe chart. Continuation of Higher Highs and Higher Lows formation can also be seen in chart. Would suggest to go long at CMP for the target of 813.80 with the strict...
trendline breakout with unusual volume can be seen in UPL in 4H timeframe chart. if 4H candle manages to close above trendline, a good upside movement is expected till 759/60 level, which will acts as a resistance level/supply zone. keep the stop loss of low of breakout candle. this is short term (1 week) view of UPL . ENTRY: CMP TARGET: 759 STOPLOSS:...
BREAKOUT in TATA-MOTORS with huge VOLUME can be seen in daily timeframe after the double bottom, double top formation , so we can name this as a double top, double bottom breakout ?!. okay.. no one will ever want to miss a rally like this, so, I'll suggest you to go long at CMP OR one can also wait for the pullback/retest/backtest. If shows any pullback or...
not a proper channel breakout but respected demand zone very well, if today's candle closes above 1244.00 level may show good upside movement, can go long for above given/shown targets in chart. THIS VIEW OF MINE IS PURELY BASED ON THE TECHNICAL CHART, BEWARE OF NEWS. COMMENT/MESSAGE YOUR STOCKS FOR ANALYSIS
Range Breakout and closing above the zone with unusual/above average volume/great volume can be seen in 1D timeframe chart, would suggest to buy at CMP or if retest/backtesting happens, can buy at around1621,(if you get around that zone) OR can also apply buy on dip strategy add 40% qty here at CMP and remaining 60% qty at around or nearby 1621 ±10 level, for the...