Mazagon Dock formed a double bottom but unable to break the resistance zone. Currently it's looking bearish.
Probably it will take support at the demand zone and will retrace after forming triple bottom.
After forming triple bottom, if gives breakout above 270, it will chase for 285-290.
Any suggestions are welcome.
P.S. - This is not a trade recommendation. I...
After bouncing back from demand zone DRREDDY is trading in it's supply zone. Currently it's trading in a parallel channel and on Daily chart it's forming a flag & pole pattern.
Possibility of giving breakout from the flag & pole pattern is very less. But if it gives breakout with huge volume, one can go for a small swing for a target of 5650. But that would be a...
Havells has given a bullish flag & pole breakout in weekly chart with decent volume.
Can go for long with an easy target of 1200 which is the immediate resistance with a stop loss of 1000. If crosses 1200, next target will be 1300.
P.S. - This is not a trade recommendation. Do your own analysis before taking any trade.
Failling divergence in INDBANK. Was good for long position for a 1:1 R:R, but unfortunately I missed the trade. ☹️
However, 38.5 is the strong resistance and looking at the RSI probably it will retrace from there.
This is not a trade recommendation. I missed the trade but still sharing the view.
Any suggestions are welcome. :)
After taking support at the trend line it's forming the cup & handle pattern.
Will have to wait for the breakout above 1690. Probably it will face resistance and will take support at around 1700 and will retrace.
After retrace can go for long above 1700 for an immediate target of 1800. Next target 1900.
P.S. - This is not a trade recommendation. I am just...
Breakout from a falling wedge reversal pattern along with a bullish divergence confirmation.
Good for a long position.
Buy @2113 around
SL - 2066
Target - 2160
R:R - 1:1
P.S. - This is not a trade recommendation, just sharing my personal view. Do your own analysis before taking any trade.
Any suggestions for improvement is welcome. 😊