Its the trade of the decade. But the breakout should be confirmed by clearing the short term resistance. Wait for that. If it clears buy it and keep the trade open till previous high is touched. Book partial profits there and leave the rest for investment.
Pfizer has formed a Cup and Handle formation. Company is fairly good. Given the uptrend in pharma industries due to COVID and pfizer being an MNC, its a good trade to take if the BREAKOUT has been confirmed with daily candle closing above 5240.
Nifty Small Cap is still almost 50% down from the high of Jan 2018. Its facing short term resistance in the trend line. Some of the small caps have shown signs of recovery. The index will try to scale back to previous high of 2018 in coming years. Choose a good smallcap with healthy balance sheet and undervalued. Many small caps P/E are available from 8-15. Ride...
Nifty Mid cap Index has been in Downtrend from January 2018. Many Midcaps have recovered with a V shape recovery. They are facing a short term resistance which if it clears, they will continue to rise to previous high. Hence hold on to your Mid caps and keep adding more once the breakout happens.
Overall Mid caps are healthier because of their attractive...
Bank Nifty has continuous 2 inside candle. We can derive two outcome whenever inside bar happens. Bullish or bearish breakout. Whichever side it breaksout, take the trade keeping other side range as SL. Target levels are given. You can initiate intraday or momentum trade using Option ce or pe. Do as per your choice.
Example: If the breakout happens on Upper side,...
Asianpaint has come out of consolidation and has given a breakout from triangle pattern.
It has crossed its ATH(All Time High) with good volumes.
Its an evergreen stock and sector. A large cap and must be there in everyone's portfolio.
Buy them at this price and wait for good returns over the years.
BankNifty broke out of consolidation followed by huge up-move which confirmed the up-trend. We have missed the ideal entry.
Entry given in chart is of fibonacci level which i am not sure if it will come.
Hence to re-enter wait for minor pullback.
Bank Nifty has generated a buy signal in 3 indicators
1. Fibonacci - About to give breakout
2. Price Action - Cleared a crucial resistance line
3. Channel Pattern
I have not drawn 2&3 to avoid confusion and over drawing on chart. I have kept the trade idea simple. Once BN crosses 0.50%, initiate buy position.
1st target will be 0.68%
Keep trailing the trade for...
Aarti Industries has been a true wealth generator and leading company in its segment. It has been on a good upward channel and one can ride the trend by buying whenever the channel support is tested. CMP 1206.
Those who haven't invested in DRREDDY - can look to invest now since the stock has given a breakout from its All time high levels. The stock was correcting for past 5 years which is a good thing. Its a large cap hence slow and steady gains.