Price has broken from a long term trend line well supported by 50 & 200 Ema. Accumulate at current levels for a target of 450 & 500. Disclaimer: The above idea is for educational purpose
Triangle pattern on daily time frame>> Constant resistance from the long term trend line above and continuous support from long term trend line below has formed a triangle type pattern. Breakout from the triangle pattern is visible. Inverted head and shoulders pattern on daily and hourly. Multiple confluence factors has been derived supporting its...
Looking at the chart of Elecon Engineering watch closely as how price breaks its previous resistance and and then retest on the same level which becomes a strong support. A powerful strategy to add to traders arsenal with a good risk to reward ratio.
Inverted head and shoulders on daily. Price can retest at current levels. Go long above 1650 to 1700 for target of 1800 to 1850. Disclaimer : The above idea is for education purpose only.
Inverted head and shoulders on daily. Go long above 735-740 for target of 800-850-900. STOP LOSS 700-650. Investment horizon 7-15-30 days. Disclaimer : The above idea is for education purpose only. Investing in stocks is subject to market risk, please consult financial advisor before investing.