In the daily chart, Tata Consumer couldn't able to break the support which confirms its trend on the longer side. One can hold for a target at 680 and a small stop loss of 625 at its support which makes a 1:2 Risk-Reward trade.
Unless it's gap up or gaps down, Titan would be a perfect share to long on an intraday basis if it breaks the trendline with decent volume. The Risk-Reward ratio is also perfect 1:2 where 10 points will be SL and Target will be 20 points.
A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
With the surge in volume, this stock is clearly a hot pick for positional trade. The only concern is that it has back to back green candle with a higher high and higher lows which mean that there is a chance of retracement in the stock. So either you can pick the stock while it retraces or can be taken in few quantities and do averaging while it retraces.
As it is...
In the Daily chart, Bandhan Bank is showing a clear breakdown of support with significant volume which shows that there is weakness in the stock. If it continues to fall with good vol, then one can short according to own risk appetite. It can be either swing or intra short.
On one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to...
There is a series of accumulation at the Resistance level so if there will be volume support, it might touch its targets within a single day. Multiple retests have been done at the Resistance level. If it doesn't touch a target within a single shot, then it can do some retracement after which it will touch its target. SL can be put in a 1:2 ratio.
ICICI Bank is replicating what BankNifty is doing. So as Banknifty is showing weakness in all time frame, ICICI bank will also perform in the same way.
Short term trade can be initiated for 550 levels if the Neckline of the Bearish Head and Shoulder breaks.
Tata Chemical is paused at 780 levels. If it breaks the resistance of 800 then a long term target can be placed at 1000 levels with a stop loss of 710 which also deemed to be strong support. We can even wait for the stock to perform a retest at support levels to buy it at a discounted price.
A good breakout with a significant amt of volume indicates the stock to reach 300 levels in the coming days. One can even wait for a retest at resistance to buy the share at a discounted price for max profit.
A parallel channel which can also be termed as a price channel is a tool to identify a share’s price in bounded parallel lines. It can be horizontal, ascending or descending. It’s a great tool for those traders who believe or trades with the idea of Price action.
A parallel channel can be formed when the price of a security is restricted by supply and...
The daily chart gives us an insight that an ascending triangle is been broken from the top which has also created Higher Highs in the recent past which clearly indicates achieving some short term Targets of 165-170. The Breakout has been done by a fairly more than avg volume.
The chart is clearly indicating a Breakout of Both Parallel Channel and Resistance at the same time which is a clear sign of bullishness. Target can be achieved at 1850 levels. The only problem is with the Volume, which is still not very much satisfying, but everything looks positive for short-term trading like the swing.
Chart clearly shows that a clean Breakout is bound to happen in the coming days with Resistance got tested several times and has got weaken in the same process. Volume too supporting the trend. RSI is at 62 levels so there is a good chance that this breakout will gonna give a good profit opportunity.
Auto stocks are bound to show some pullback which a parallel channel is showing flawlessly. If the channel gets a breakout with good volumes then it can create an all-time high. Do wait for some time for the volume to get a bit more aggressive.
This hourly chart is clearly depicting the sentiments of the Broader Market Nifty Pharma. The Broader market is clearly on the verge of another breakout helping Lupin to gain that thrust. The support at the bottom is holding the stock whereas the volume is clearly helping the stock to rise further. It will be a great trade for short-term traders to ride till that...
Before the daily breakout, Monthly breakout has already happened at 7300 levels. Now with cup formation, a daily breakout has also happened which will help it to breach 8000 levels. Recommended for positional trade with a risk managing Stop Loss.