Buy Above 33600 for Target 34000/34200 and SELL below 33150 for Target 32850/32550.Huge volatility is expected due to option expiry ,so keep Tight stop loss high/low of the candle breaking the consolidation zone.
~Only for Educational Purpose~
Go long above 1510 for Target mentioned in the chart .... Note-this analysis is only for educational purpose and does not guarantee any success., so pls do your own research before trading or take help from your personal financial advisor...
Feel free to comment if you have any suggestion.
Everything clearly mentioned in the chart itself-keep stop loss tight i.e low of the previous candle before breakout...NOTE-this analysis is only for entertainment purpose...hence, do your own research before trading.
feel free to comment if you have any suggestion
The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
You'll be surprised to see if you go in back date till now , the stock trades close to its 50 MA... So buy when it touches the 50 MA line, short term holders can trail their stop losses in line with the 50MA
~for educational purpose only~
The stock is forming lower low on a longer time frame
***go short around 431-432 with stop loss at 435 for TARGET 424/420
(R/R=1:2.5) NOTE-This is my personal view and does not guarantee any success, please do your own research before trading