Bandhan bank was following a channel pattern in weekly time frame in daily time frame a hammer is formed where we shortlisted this scrip for long the but the hammer was so big that we waited for a small SL and we got that on 30th dec where you can see a wick exactly on our channel.
1) Risk reward favorable 2) Big Trend is still bullish 3) It looks like correction not as reversal 4) Taken support at crucial Pivot
The global brokerage firm has maintained 'sell' rating on the stock with target of Rs 6,420 per share, a downside of over 25 percent from current market price. Maruti Suzuki India share price fell over 2 percent in the morning session on January 18 after CLSA retained sell call on the stock. The scrip was trading at Rs 8,028.50, down Rs 236.20, or 2.86 percent at...
As our trade going good it is the time to trail our SL Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. ... One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will...
It not just gave breakout but also sustaining over it which is a bullish sign. TCS share price was Rs 3,985.00 as on 17 Jan, 2022, 10:07 AM IST. TCS share price was up by 0.42% based on previous share price of Rs. 3897.9. In last 1 Month, TCS share price moved up by 11.01%. Top 4 Peers for TCS are Infosys Ltd., HCL Technologies Ltd., Wipro Ltd. and Tech Mahindra...
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Flags can be seen in any time frame but normally consist of about five to 15 price bars, although that is not a set rule. Flags are excellent chart-pattern-trading candidates. They're generally small, which means high reward from low risk. Follow Tellegramm. Trading...
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Flags can be seen in any time frame but normally consist of about five to 15 price bars, although that is not a set rule. Flags are excellent chart-pattern-trading candidates. They're generally small, which means high reward from low risk. sentiments are bullish let...
Market is taking resistance over this resistance zone The trend is still strong bullish the last call long side after trend line breakout has performed extraordinary.
As per our setup it is time to trail stop loss so as to maximize the profit and limiting the stop loss. Reason for this trade setup is simple 1) Consolidation breakout at trend line 2) Trend line breakout 3) over all bullish trend
I am looking for a breakout and will trigger trade after confirmation as it is already fallen very much. Keep eye on volume formation as the volume are more reliable in such situation. HDFC is very bearish making inverted flag pattern in 1 hr time frame Nifty is also at its upper end of the channel which add more safety to this trade . My advice is that look for...
Dmart Giving a buy singal. Triangle pattern breakout.
The Radhakishan Damani-promoted retail chain recently shared its quarterly business update with the stock exchanges, wherein it revealed that its standalone revenue for the quarter came in at Rs 9,065 crore compared with Rs 7,432.69 crore in the same quarter last year, up 22 per cent. DMart operated 263 stores as of December 31, the company said in a brief...
Nifty is rising sharply the trend looks very strong from last four trading sessions. Channel Pattern Breakout has been seen On friday, After that fresh buying triggered sharp rise in prices. Currently according to price action Three white soldier has been formed so the market may further extend its rally Upto the resistance zone 18150 to 18300.
Nifty Next week outlook. It is been seen that the nifty closed above the down trend line formed in short term . That is why should be bullish on nifty but the bears are not out of the game the trend reversal and bullish sentiment will be confirmed only above 17600 closing above 17600 will be very crucial. I think for next week the range will be between 17600 and 17250
Support zone is place between 101 to 106 while the minor resistance is place at 157 to 161. Keep an alert on this levels
Ibulhsfin looks bearish the trend line looks very crucial.
It is very crucial trend line on chart keep eye on volume and this trend line breakout .
Consolidation at a short term down trend line in an rising market or say trending market it is very crucial to observe the breakout. A potential entries are those entries which has very low sl compare to the swing.