Right shoulder is in formation. Hospitals and Pharma rally is over since COVID numbers are decreasing
Banknifty can soon switch to sell on rise mode. Can short will recent high as SL
A flat opening on Monday can trigger some short covering.. Favorable RR
Maruti had retraced almost 50% since last rally. A bullish wolfe wave formation is also present.
Gave a very good bounce and a closing today.
Can enter long on pullback at 50-61.8% fibonacci levels.
Target can be either of the two trendlines.
Entry will be based on Monday's price action around this zone.
SL and target levels mentioned.
Price is near Demand Zone and a Wolfe Wave is also formed.
Favorable RR to trade on positional basis.
Stock looks very good for a breaksoon in few days, trade as per your risk.
Entry based on price action at retest.
A big breakout can be expected from the channel
Price has been in a narrow triangle range. With small SL can initiate positional longs
Seems like the stock is prepare for a breakout soon.
target 1300 on triangle breakout
Ascending triangle breakout and retest. Looks good for positional trade.
A good reversal candle at last point of Wolfe wave. Expecting it to touch the green target line soon
Stock is undergoing correction after a good rally.
Nice level for some profit booking moves. Trendline resistance also present
A correction is imminent.