HTMEDIA is bouncing off the Support Trendline & Demand Zone. Stochastic RSI is in oversold Zone & given a crossover. A trade for a 1.5/1 RR can be taken, above 27.95, with a SL of 25.5 & for targets of 31.7. Always take trades based on your risk appetite. Happy Trading!
An Inverse H&S reversal. Above 341.3, targets can be around 392. with an SL of 308. Happy Trading! Always feed in the SL first.
1. Price at a 61.8% retracement level. 2. A bullish Harami pattern is printed at the 61.8 % level 3. ADX shows a healthy trend. Levels are as follows. SL-1200, Buy at CMP(1312), Tgts of 1473. Always take trades based on your money management. Happy Trading!
As seen from the chart, stock has formed a good base with four bottoms, & is ready for upside only once 37.85 is taken out. Targets and stop loss are mentioned in the chart itself. All the best. Please keep in mind your money management before entering any trade, & always enter the SL first. Happy trading. :))
A 6-month Parallel channel breakout is seen in this stock. A double bottom with MACD-H divergence precedes this breakout as well. This can indicate a strong trend ahead. Levels are as follows. Buying above 2494 with a SL of 2325. Targets of 2700 can be expected. Please trade according to your risk appetite. Thank you & Happy trading.
Evident from the chart is a breakout of a triangle forming since April'21. Trade with buying above 240 for targets of 277 with SL 218. Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation. Thank you & Wish you all a...
{{Trade Setup}} 1. Price in a downward channel since May. A breakout on 4th Oct, with volume. With subsequent retest & took out high of the breakout candle indicating follow-up buying post-breakout. 2. 200MA acts as long-term support. {{Levels}} 1. Entry above 79.75. Targets of 87.4 & 99.6. SL - Daily closing below 72. Note: Please take trades after making...
{{Trade Setup}} : A Weekly symmetrical triangle is observed forming since Dec'20. Price breakout was printed on 13th Sep'21 supported by breakout volumes. After breakout & retest, price is sustaining outside the triangle range. {{Targets /SL}} : A safe entry can be initiated above 82.65. Targets are set as the triangle pattern height at 118. SL will be a weekly...
REASONS FOR ENTERTING TRADE 1. A pole flag structure with the base of the flag bouncing off the 200EMA. 2.This 200EMA bounce point coincides with the long-term support trendline, 3. & the 61.8% retracement of the pole. 3. Price sustains above the flag range after retest Buying above 65 for a projected price target which is set as the pole height, from the...
BEML price has broken out of a triangular consolidation. BEML can be bought above 1380 for a target of 1510, SL 1300
As price continues to make lower lows & lower highs, an AB=CD pattern is observed. The C point is a 78.6% retracement of the AB move, while the D point is at a 1.27BC extension. A Potential Reversal is anticipated from the D point whose completion point lies at C (minimum). Plus a candle engulfing the previous 4 candles in the PRZ is a favorable indicator. Note...
Prices above 200ma have historically taken support on 50ma. Today, once again it bounced off from 50ma by printing an Engulfing candle coupled with a Stochastic RSI Crossover. Note the Engulfing candles cover the whole body of the previous candle, ignoring the wicks. With these reasons, a buy can be initiated above the close of today's candle ie., 249.85, with...
Buying above 1489 for targets of 1700. Logic explained in chart.
ITC looks good at 214 for a target of 230. After repeatedly taking support near the 200 zone since January, price has broken out on 23rd July. Now it looks ready for move till 230, which is kept at the 78.6% retracement level. Thank you. If you like my idea, please check out my other charts as well.
Reasons for trade : 1) A double bottom spread over 3 months. 2) Price breakout of downtrend with simultaneous volume breakout on 2nd Sep'21. 3) Price sustaining above 200MA 4) A low-risk setup of 2.5 RR Buy above 1144.3 | Targets 1431 | SL 1030.
Within a rising wedge, price, from support has broken out of an internal trendline & is ready to move further up above 124.4. Target will be the limit of the range at 132.5. SL - 117.1
Disclaimer: Please take trades according to your risk appetite & analysis. This chart is by no means intended to be a recommendation. a) Rounding consolidation since 2018. b) Important zone of 680-700 broken in May 2021. c) Last week a strong bullish candle printed respecting the previous resistance zone now as support Buying at CMP, for targets of 940, 1016. SL 646
HesterBio looks good for a move above 2547 for targets of 2867, 3018. Price had broken out of a parallel channel on 12th Aug 2021 with huge volumes & is sustaining above the channel indicating further buying pressure. Levels mentioned in the chart. Thank you & trade according to your risk appetite. If you like the idea, check out my other charts as well.