Short term dollar bottom? Stretched CFTC net long positioning has started to unwind a little as well. Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
SunPharma has given a strong breakout from a flag pattern with high volume. However buying was to be done after confirmation, being a day late and seeing a doji on daily charts, I'll wait to see the price action for Monday and take a call, either buy on retracement or if setup looks bullish on lower time frame than buy. Upside could be 700+ however +3 SD can pose...
Inv H&S target achieved from 68.5 to 69.65 RBI intervention likely now as they may want to make the fall gradual. Pair has breached +3 SD. Short for target around 69.3
Everything in charts. Aug CE looks good as July CE will just eat your premium and you might lose money even if target is achieved. Take calls at your own risk.
It is in symmetric triangle but price action and indicators have a negative bias. Could go short on break of yesterday's low. Everything else in chart.
BEML had a perfect inverted H&S pattern with volumes confirming. Was a textbook trade, however in reality the breakout was so fast that would have been difficult to catch. Also it may have achieved half of its target with just the breakout candle. However there might be some steam left as shown in charts. Rather avoid it due to R:R unfavourable, but can use this...
This whole month what I've observed is that Nifty always fills the *opening gap ups/downs* usually the same day or the next day. Could be useful for next such move by nifty. As they say, history tends to repeat itself. Please do you own analysis before taking any trading decisions.
Everything in chart. Do your own analysis, trade with caution.
Stock is an upward channel. Broke recent resistance and now is consolidating in a pennant formation. A break above should be into above 136, for targets towards the channel resistance unless any reversal indicated.
Possible cup and handle breakout today. Wait for EOD confirmation and go long. Suggestions welcomed.
Symmetrical Triangle Breakout. Ichimoku cloud breakout is buy zone. Looking for targets of 940's and 1020's.
Everything in chart. Must be kept on watch list.
RSI indicating overbought. Might come down to retest, thus giving us an opportunity to buy at a lower price. Keep watching. First target around 409, then 424, 437 etc. according to pattern it is 93 points higher which likely complete the rounding bottom pattern on a weekly chart of the stock. Keep close look for big gains.
The stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU...