ProPriceActionTrading

ProPriceActionTrading Updated 

SRF Ltd. engages in the manufacture of chemical based industrial intermediates. As per the monthly and weekly chart, SRF is trading in a sideways range and never closed below the price of 2168 on monthly chart from last six months. Also, it has given breakout of daily and weekly timeframe. On weekly chart, price has shown strength and closed a healthy candle....

ProPriceActionTrading Updated 

Voltas Ltd. engages in the provision of engineering solutions. After a consolidation of 6 months, it has given breakout of weekly and daily timeframe trendlines with good volume. It has tested it's nearest supply and formed indecision candles. On weekly timeframe the running candle is healthy and if tomorrow price sustain at same or higher levels, it will confirm...

ProPriceActionTrading Updated 

FSL is fundamentally a good company and has its operations across the globe. Since it’s launch stock has given more than 37% return YTD. After making lifetime high, stock has fallen more than 60%. It has formed a rounding bottom on weekly chart and closed above the neckline with good volume and tested the same level. On daily chart, stock has done positive price...

ProPriceActionTrading Updated 

IRFC has recently moved to all time high and now has formed a symmetric triangle pattern. As per the price action on daily and weekly chart, currently it is trading at pre-breakout level and today closed with good volume. Aggressive traders can initiate long position at CMP and safe trader can take entry once daily candle closed above the entry line. In short...

ProPriceActionTrading Updated 

BestAgro has formed rounding bottom in weekly chart and closed above weekly supply. Last week it has tested the same level and formed hammer on weekly chart. On daily chart, rise in volume is observed along with rise in price which is again a bullish signal. Also, a cup and handle pattern is observed in daily chart. Though I don't trade chart patterns, it is...

ProPriceActionTrading

Apollo hospitals stock is looking very bullish in weekly and daily timeframe. It as per the price action, stock is looking very positive for swing and long term holding. After consolidation, it has given healthy closing on the daily timeframe with good volume. One can buy it for swing trading with targets mentioned on the chart. SL will be seing low. As per its...

ProPriceActionTrading

Relaxo Footwears is a well known brand in the manufacture and marketing of footwear and related products. It operates through the Foot ware and Related Products segment. Since its launch, this stock has given massive 6592% return in 12 years and has potential to grow more. After making lifetime high, stock has corrected more than 50% and has changed it’s trend...

ProPriceActionTrading Updated 

Hindalco is fundamentally a very good stock and has given good returns in the past. Currently, it has formed and given a breakout of a symmetric triangle pattern in a weekly timeframe with good volumen and trading in a daily/weekly channel. It has cleared its first resistance which was a zone of 450 and is now ready to travel up to the upper body of the...

ProPriceActionTrading Updated 

SRF LTD. is looking good on Daily and Weekly chart. Currently it has made some positive price action near the demand zone and closed above the previous day. Also, it is taking day timeframe trendline which is dual confirmation. One can initiate fresh position near 2340-2350 and SL will be 2140. First target will be 1:2 which is 2400 and second target will be 1:4...

ProPriceActionTrading Updated 

CUB is trading in the price range of 109-200 for the past 3 years. Currently, it is trading near the weekly demand zone. On the daily timeframe, it has given a trendline breakout and again confirmed the upside possible movement by breaking the reversal trendline. One can create a fresh position at CMP or can buy in dip and can hold for swing or position for the...

ProPriceActionTrading Updated 

Delta corp is looking good in Daily and weekly timeframe. Currently it is trading near daily demand zone and taking support of day level trendline. Though it has not given any positive sign for upside movement, we can track it near 180-190 level. Targets are bing in swing and positionsal. I'll update entry level after some price action. Happy trading :)