A simple trading plan for Deltacorp Buying on breakout and retest of 126.05 Targets mentioned in the chart along with Stop loss.
Look for a bullish breakout in Axisbank. A pennant pattern is evident in this stock. Price level of 1113-1115 range is resistance to watch for a breakout. I will update the entry taken for buy later in the idea comments.
After completion of ABCD, harmonic pattern. Buying strategy will be on breakout and retest of the entry price mentioned in the chart. (562.50)
CNX auto continues the rally and aims at the 18860-19000 mark to make the new all-time-high. Immediate resistance at 18719.50 which was the latest high made on 29th Dec'23 We can see a small divergence at the current level, indicating the possibility of a price fall. Hence any bullish new entries are advisable once the price validates the breakout of the last high...
Immediate resistance 21896.15 (along with 21813 recent pivot) Upside targets 22022 and 22306.60 Downside supports 21500 and 21206 While trading for new entry or existing positions, these levels will act as major support and resistance.
On weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated. Target green bands 5761 as T1
An ABCD Harmonic pattern is under formation in the Adani Port chart with a possible price reversal at 1323.90 (which also confluences at Bhoomi's first bullish target) We can have a short-side trading opportunity with the least SL on completion. Updates once the formation is validated on completion.
Target: 1515, 1528, 1560 SL below 1460 (safer 2% from 1466) Entry on retest of 1466-68 range
A right shoulder is yet to be finished so this particular stock "GMRINFRA" is only a stock to watch. If this pattern finishes with valid rules for the pattern, we can see the prices falling to the 53-55 range.
A rejection of 615 and a close below 600 attracts a bearish entry in ICICIPRULI Selling below 600 SL 618 Targets 583, 578, 567 It will be valid only on the test and rejection of 615 as resistance. Bearish invalidation above 615.
Cup and Handle pattern in Titan with 0.382 retracement. Invalidation below 3640 spot. Target 3887-3890 range. SL below 3685
On the breakout of the pennant pattern in MFSL, Target is projected at 1049.50 and 1062.50 (spot prices). Immediate resistance at 1005.90-1006 for any possible reversal in trend, making it an important level to watch while taking a buying entry.
A confluence of the 2017 high and PF line at 463.70 makes this price very important. On rejection of this, we can see a deep correction in the prices at least till 448 and 424 (long term) On breakout of this resistance, I am buying the stock for a target of 484.40 as the immediate target and 520 in the longer term.
A long ranging channel breakout in TCS is visible. Buying at CMP with strict Stop when price enters the channel again around 3740 spot price. Targets 3835, 3882-3880sh range and long term target 3980 as this will possibly be a reversal point for a correction.
A desirable Risk to Reward ratio in Adanient Bought at 2980 (spot) price SL below 2910-2900sh range. Looking for 3190 on a long-term perspective and 3075 as an immediate target. All prices in SPOT
AUBANK is forming a harmonic pattern (possible) ABCD. The projected completion point is 788.20 spot price. The invalidation point for this pattern will be 758.35, the price if rejected from here and breaking the B level will invalidate this pattern. The stock is for analysis for possible trade opportunities for SELL on the completion of this pattern.
A possible buying opportunity after completion of Inside Bar which is at the support of Maya also as a double confirmation. Buying above today's high and target is red lines as highlighted in the chart.
A possible double-top pattern in Bosch is evident. Still, it didn't test the last high but it is a close enough pattern. Selling below 20564 with given targets of 20381 and 20162.50 All prices in spot.