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ST_SNOOPY

Nifty is at a crucial trendline support which has been in formation since over 2 years

ST_SNOOPY Updated 

TCS is at a crucial trendline and can be a good risk taking zone for a Long Trade. The stock has support of trendline as well as the sloping 50 DMA. This confluence of support gives more confidence. Stop Loss: SL has to be a strong candle close below 3,450 Entry: Entries can be made after a show of strength on good volume Target: Previous swing high i.e. 3,660++

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Ascending triangle forming on Nifty 60min Chart. Once it breaks out with good candle we can see retest of previous ATH and even a new one. Stop Loss: SL has to be 19,700 Entry: Entries can be made after a 30 min candle closes above resistance zone or on retest of the said zone for better RR Target: Targets can be 20,200+ & Fresh lifetime highs

ST_SNOOPY Updated 

Tata steel gave a breakout from a promising channel pattern that has been in formation since over 2 years. Now the stock is taking support right at 50 DMA (Long tail candle), at .5 & .618 Fib levels and also at previous resistance zone which will now act as a support. Entries can be made in the same after a strong candle closes above 127 with strong volume. Short...

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ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade...

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RELIANCE is at a confluence support zone and can be a good opportunity for a long trade. Stock has a valid support of 200 DMA and previous breakout zone, so a long trade can be initiated with a minimal stop loss. Entries can be made on show of strength (Strong wide range daily candle with good volumes) or above 2,380 for safer players. Stop loss should be a candle...

ST_SNOOPY

ICICI BANK has taken support on a strong trendline that has been in formation for over a year. Entries can be made on show of strength (Bullish candle on daily timeframe with volume) or when the stock goes above 50 DMA for safer players. Stop loss should be a candle close below 915 & Targets can be upward of 1010+