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Finally, VEDL broke out after spending more than 2 months in a sideways consolidating channel & broke on the upside above 250. Entering a long position here at 253. Can go up to 280. Will trail it.
COALINDIA price action has been very negative for almost 2 years now. But now it is at a major support level band of 240-245. It took this support 3 times earlier within last 7 years and bounced back. Will it be luck this time as well. If it bounces back from this level, then a long can be initiated and it these support levels breaks, one can enter a short. Will ...
INDIACEM - Breaks out on the downside from the Ascending Channel. Shorting at 189 with a stop-loss of 194. First target 173, second target 165.
HINDALCO has hit multiple tops at 200-205 band level. And now it broke the Ascending Trendline. If the price closes below the trendline today, it can be shorted tomorrow based on the price action of tomorrow.
JETAIRWAYS on the verge of the breakout at its previous support & resistance level of 550-555. If it close above 555 & confirmed by another close above 555, then i'm going long. It can go upto 660. Watching it carefully.
ARVIND formed a bullish triangle taking the support on trendline & raising. Entering long at 380 with a SL of 370.
Axis Bank is near its 200DMA & 100 DMA. If it takes support at these levels & breaks out above the 530 resistance, then we see a huge upside, going all the way to 640. If not it can breakout on the downside at 480 & go towards its previous lows of 430 & 380. Watch out for this set-up. No trades at the moment.
TATAPOWER took the Ascending trendline support & 200 WMA support. Can go to 90 levels. Entering the long trade at 78 with a tight SL of 76.
170-180 price band has been a very crucial area for DLF. Above 180 it was bullish & below 170 it was bearish. Now the price has moed above 180 and is heading towards 200+. Keep SL of 170.
DLF - 170-180 band has a long history. This crucial area is a make or break for DLF. If the price breaks 170 on the downside, flood gates will open for more downside and price above 180 will take it above 200 again. Watch for these two crucial price levels.
Gold trying to breakout above the descending trendline at 1283. If it closes above 1285 today & sustains then we can see 1300, 1340 & 1360 levels. Keep watching the levels
A Bullish ABCD pattern giving a long signal. Entered at 421 with a SL of 411 and target of 451. A RR of 3.5.
VEDL - Triple top has been made & triple bottom is in making. Which way will it break out? Downside or upside?. Let's wait & watch
Bearish Bat Harmonic Pattern in NTPC.
Target Price 1 - 153
Target Price 2 - 141
SL - 170
UPL price action is now at a unique position. On one hand it is at all time highs trying to breakout above 720 but also formed a bearish AB=CD harmonic pattern.
Which one will prevail?
Breakout - if price closes above 720 & sustain further
Fakeout - If price closes below 720
Let's wait and see price action & see if we can enter Long or Short.
CUMMINSIND formed a Bullish Bat Harmonic Pattern.One can enter a long at 840-850 range with a SL of 810.
Target Price 1 - 903
Target Price 2 - 960
LICHSGFIN formed a AB=CD Bearish Harmonic Pattern.
It can be shorted once we get a confirmation of red candle in next few days without breaching today's high.
ARVIND attempting to breakout above 365 for the second time after failing the first time. If ARVIND closes above 365 & next day is confirmed by another green candle, then one can enter long to take advantage of a breakout.
If ARVIND fails to breakout above 365, then one can enter a short.
Keep watching the stock for the price action.