Anwar_Khan

Anwar_Khan Updated 

So I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'. All of these reasons are based on technicals and indicators. Reasons --------------------- 1. Breakout in Daily charts with high volume. 2. Breakout of 0.382 Fibo levels. 3. Both RSI and MACD suggesting an upmove. 4. Share price crossed 20 DMA while being significantly above 100DMA &...

Anwar_Khan Updated 

Indian Oil Corp. gave a breakout on Monthly chart and may head towards 140-150 levels in some weeks. Reasons to take trade --------------------------- 1. Recent results beat estimates and net profit rose 104% 2. Breakout in trendline with huge volume on monthly chart. 3. MACD crossed Signal showing a trend reversal. 4. Crossed 20 MA & 200 MA on Monthly charts...

Anwar_Khan Updated 

Reasons for taking trade ------------------------------ 1. Breakout with volume on Weekly charts. 2. MACD showing bullish signal on Weekly time frame. 3. Company came out with very good net profit in results. 4. Price crossed over 20MA, 100MA & 200MA on daily charts. My Opinion -------------- Though MACD is showing a bullish divergence on Weekly charts, On daily...

Anwar_Khan Updated 

First lets talk about risk Tight SL coz if those levels are broken the breakout will fail. also metal sector is not looking very bullish in short time and we are trading on 30mins chart for short term. Now here are my reasons to trade Stock gave a breakout on 30 min chart today with a good volume. Stock was consolidating for 11 trading day and gave a breakout on...

Anwar_Khan Updated 

Technical viewpoint ------------------------ Reliance Industries is in a parallel down-trend zone since late July 2020, that is about 10 months. On Friday reliance had the highest OI in FnO June series with roughly 132000 contracts volume. On the same day the stock shot up 6% and crossed 20, 100 & 200 DMA. Currrently it is trading just below 0.5 Fibo levels. So a...

Anwar_Khan

After giving a breakout on 1M charts and a consolidation if about 21days, SAIL can be seen giving a breakout on 1H charts. For now if taking trade on 1 Hour chart keep an SL below 123 and a target for 150 levels in 2-3 weeks. Keep in mind that stock is in a bearish tend from last 1 month so be careful while taking trade. DEEP analysis on SAIL and some other...

Anwar_Khan Updated 

This stock has formed an inverted HNS pattern on daily charts. As the last highest swing is very close to the spot price, we should wait for it to cross the high.

Anwar_Khan Updated 

Multi-Months breakout (465-480) expected in coming days. BPCL Also announced a huge dividend and a results with good Net Profit. Buy when the resistance in the chart breaks with a strict stop-loss if the breakout fails. Targets are mentioned on the chart but sell if a trend reversal is seen before 'target2'. Good luck!!

Anwar_Khan Updated 

The chart is pretty self-explanatory. A simple breakout with volume and SL if breakout fails based on risk taking ability. MACD is also suggesting a trend reversal but the reversal is on its very early stage. Also stock has crossed 9 MA (9 MA can be very useful for short term) and today the stock has crossed the last lower-high swing. For a good trade, I keep...

Anwar_Khan

Mahindra Holidays - Broke 3 years old resistance with a good volume. Good buy for some weeks after a retest on the previous resistance level.