The stock has moved to all time highs. I think there will be a lot of resistance at the high point and it will retrace towards the long term resistance marked on the chart. It is in a strong bull run and will provide a good buying opportunity in the coming few days. Buy @ 3650 SL @ 3400 Trailing stop loss strategy.
This pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards. Strategy: Short @ 384 SL @ 388.6 T @ 372.85 Strategy fails if the upper trendline is broken.
Expecting a long breakout on Axis Bank. Financials have been muted last week, trading in a narrow range, with low volume. The breakout may test the post-covid highs at 481. STRATEGY: BULLISH PENNANT FORMATION: The breakout can be confirmed by the price sustaining above the top trend line. BUY: CMP SL: 418 T1: 465 T2: 485 The horizon is upto 2 weeks, but the...
BHEL has formed a bullish triangle pattern on the 30 min chart. This is very favorable trade in terms of RR (3.84:1). Strategy: Looking for breakout above the previous highs from the current levels. Buy @ 41.5 SL @ 40.5 T1 @ 44.2 T2 @ 45.1
Another 3:1 opportunity on CONCOR. This is another bullish triangle breakout strategy. Buy @ 430.5 SL @ 425 (previous low) T1 @ 443 T2 @ 445 (near term high)
The upper and lower trend lines on the 30 min chart are narrowing for BankNifty. Last week we saw that the range was very tight for the market and it proved to be a good consolidation period for the market, after the post-COVID volatility. The price right now is at the lower end of the trend, and may see a move towards 23,000 again. This has proved to be a very...
Another good opportunity on Metal Stocks. Entry: 151.5 SL: 147.5 T1: 160.5 T2: 164.5 Presenting Risk Reward of 1:3.
A classic correction pattern on a bullish run. The price has moved above the narrow range, and will test the highs again, before moving further up. Buy @ 212.95 SL @ 203 Target @ 245. Personally holding this position.
The price has made a triple top reversal pattern, which will take the price down to levels of 216. The strategy may fail and hence a stop loss at the previous high created in the trend. Short at CMP. SL 233.5 T1: 221.35 T2: 216
The price has broken the near term trend line and hence I believe it may see some downside. Short at CMP. SL: 400.15 T1: 382 T2: 374 Risk Reward - 3.72:1
At the lower trend line, showing signs of a bullish move. Keep stop loss at lower trendline around 535.5. Target 1 at 572 and Target 2 at 609.
I have a negative bias on the FMCG sector this week. Marico has been in a strong uptrend on the 15 min chart, using the 200 Bollinger Bands, its visible how the price is moving very very close to the upper end of the Bollinger range. The strategy is to capture the decline from the current highs. The previous high is the first target at 351 and second target at...
The chart is forming an ascending triangle bullish pattern. Expecting a breakout above the triangle towards the upper end of the parallel range. SL kept at 2860 if the price breaks the parallel range.
Looks ripe for a good breakout to above 1440. The second trendline will be retested and then continue on the uptrend. Keep a trailing stop loss.
Price showing good volume build up. Expecting breakout above 1500. Sl at 1293.6 and target at 1700. Risk Reward - 3:1
This is an example of the cup with handle bullish strategy. Buy at CMP, Sl at 244 and Target above 290.
Price making higher highs and higher lows. There is a strong resistance at 148 and expecting breakout above 170. Buy at CMP SL: 148.25 Target: 174 Risk Reward - 3.43:1.
There is a head and shoulder patter emerging on the hourly chart. Short at CMP SL: 212.5 T1: 200 after target one, trail the stop loss to the price and bring risk to 0. T2: book profit.