Hindalco was bullish in previous week. However, simple pattern seen on daily chart.
Logic for shorting::
1. RSI Divergence indicated it will go down.
2. Head and shoulder pattern - Entry at second shoulder.
3. Short SL (SL :: 507)
Short below 485 level. TGT1 468, TGT2 451+++
Option Buyers :: Buy HINDALCO OCT 460 PE if crosses 16.50 :: SL 14.00 :: TGT 18.50 ,...
GO Long! Swing Trade!
Monthly flag channel breakout on 1D chart!
Get average 10 - 12 % return on every month. Just hold for 06-07 months.
Good Risk Reward Ratio.
SL :: 504
LONG TGT :: 841
Happy Trading! :D
Why should we swing trade in MARICO!
1. Fibonacci Retracement @38.2%
2. Continuously ruling in the up trending channel after breakout
3. On 1 hour time frame having 50 EMA support
4. On 15 minutes time frame having 200 & 50 EMA support
We can definitely go long and take almost 6.37% in coming 03-04 days. Hold above levels if momentum is too big....
Don't trade in the starting 15 minutes candle. Just wait for the retracement @17384 level then go LONG!
Take pivot level and hold the positions! Trailing SL is the best way to get more from this market.
Don't make short positions in this era.
Happy Trading! :D
BankNifty views as follows:
1. No Trading Zone :: 36425 - 36508 (Strictly Don't Trade)
2. Upside Momentum :: If price crosses above 36508 level and stable for 15 minutes then GO LONG! (High Probability)
3. Downside Momentum :: If price crosses below 36415 level then take 2 pivots as a TGTs. (Low Probability)
Fibonacci retracement @36455- If this level sustain...
High probability setup - SBIN continuously consolidating in a range of higher lows and higher highs. TGTs should be as per graph. Keep a tight SL of 426.75 and tanke a trade after breakout of 435.50 level. Conservative traders wait for retesting the same breakout level. However, rest are add qty once resting level come. Upside momentum pending in BankNifty. Happy...