Reason- Price entered in strong buying zone supported by golden crossover
Dee the result of last similar formation highlighted in the chart.
Reason- Demand zone formation + Golden crossover
-Pharma sector yet to rally more upto 12000, 12900, 13500 -Also it is considered as defensive sector like IT -Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%
Reason- Reacting from demand zone supported by golden crossover
Stock is in daily demand zone plus supported by EMA 20
45 min demand zone support
Duration- 7-10 working days Please book profit whenever you are getting decent money don't wait for exact target as market is too volatile these days.
Hit like if you agree or comment your views Why long- -Golden crossover formed EMA 20 support Demand zone support on daily timeframe
India Cement has entered in very strong buying zone, one can go long at current level with target of 125 within a day or 2.
Swing trading opportunity in BSE ltd Buy at CMP 504 for quick target of 514
DBL is making similar pattern like Axis bank- EMA 20 Daily+weekly support Daily demand zone Harmonic pattern Trend line support Higher highs formation Immediate target should be 320, if sustains and break the trend line on the upper side we can see 360 levels. Company is one of the big player in road construction. PE is 9.25 Industry PE-14.6 currently undervalued stock.
Demand zone at daily Time frame Golden crossover support Trail your SL and enjoy the rally
Reason -Trend line support -EMA 20 suppor -Zig zag chart pattern -Demand zone Good move expected above the green cloud
Reason- Trend line support -Channel formation In demand zone EMA 20 support
After a long consolidation, stock is expected to move now. It has potential create a new high this time
Buy at every support level and buying zone and enjoy the rally