Tej10

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Persistent Systems has been in this uptreding channel since August 2024 (after crossing it's all time high price) Price is now at the bottom of the channel and has made a double bottom. A swing trade to can be initiated with a stop loss below 5800 for a target of 6600. Good luck and Happy trading!

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Index heavyweight Reliance is at long term Support trendline. A Resistance trendline from 2018 to 2020 has turned into a Support trendline, post Covid rally in the market. Price has bounced multiple times from this trendline in the past. This presents a low risk buying opportunity in Reliance Industries, with a stop below 1200 (on a monthly closing basis). Good...

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PEL or Piramal Enterprises Limited has formed a Cup and handle pattern, with a breakout and retest complete. Buy above 1130 Stop loss below 1050 Target 1400 Good luck, Happy trading!

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Kalyan Jewellers is showing an Inverted Head and Shoulder breakout - this is a classic bullish pattern. Enter above 780 for all time high targets. Trade is invalidated below 760. Good luck and Happy trading!

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Bajaj Auto has given a breakout from a sloping trendline Multiple divergences on RSI - Price making lower lows, RSI making higher lows (this sort of divergence implies that the selling pressure is now fully absorbed and price is ready to move up) Can go long here with a stop loss below 8500 (Hammer candle low) First target of 9500, will update rest on...

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Escorts is at value buy (low risk), demand zone. Price has continuously respected the trendline and weekly RSI has not broken 40 support (see highlighted arrows) Buy after a weekly green candle appears and price starts to trade above it in daily, stop loss will can be 0.5% below the weekly candle close. Hold for a potential target of 22% upside. Good luck and...

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VBL is attempting a breakout from a long consolidation base Good volume build up in the last 3 days Can go long with a stop loss at 640

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Policy Bazaar has given a bullish flag breakout. Intraday stop loss can be placed at day's low or at 2100.

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ITC swing trade Analysis Daily - Breakout from sloping trendline with good volume Weekly - 3 weeks consolidation high broken Monthly - RSI support at 60 indicating extreme bullishness in the long term chart Trade Set up Buy above 480 Stop loss at 465-470 Target 1 500-505 target 2 - New life time high *Pro tip - With Nifty consolidating at 200 EMA,...

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Analysis Bank Nifty has been trading in a range of 4000 points for the last 6 months and has formed a Head and Shoulder pattern A bullish 45 degree trendline can be seen on the weekly chart, connecting all the bottoms since the covid19 low. The longer the trendline, the more valid it is Weekly candle in bank nifty has eroded most of the gains made in the...

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Analysis Nifty futures as of now has completed the weekly Head and Shoulder Pattern. A weekly close below 23900 will confirm this A downside target of 11% can be projected, with coincides with the election panic low of 21265 This view will be invalidated if Nifty closes above 25000 Trade Plan Stick to swing trades if going long, it's ok to book profit...

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Reliance industries gave a breakout from it's trading range in January, since then after making a high around 1600 (after split) has retraced 61% of it's upmove. (Fibonacci Golden ratio) It is also taking support at it's previous trading trading range high, exhibiting perfect 'Change in Polarity'. Change in Polarity refers to a market structure when price takes...

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Shyam Metalics is poised to give a good upside move with a stage 2 base breakout and weekly RSI bouncing above 60. Enter above 765, with a stop below 750 (daily close). Hold for a target of 20%

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Trade Set up - Flag and Pole breakout with huge volume and retest of neckline Execution - Accumulate between 720 to 750, Stop loss at 680 (daily close) Target - Blue sky

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Trade Setup - PDSL (sustainable clothing brand company) is showing a reversal in the down trend and has broken above the 61% retracement resistance, thus confirming the reversal. Execution - Enter above 570, with a stop loss of 545 Targets - T1 650

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Trade Setup - Pole and Flag pattern breakout in daily charts. RSI is bouncing from 60 indicating strong momentum, Bullish engulfing pattern with good volume, price has broken out of the Bollinger bands squeeze Targets - Blue sky zone Execution - Enter above the high of 29th Jul candle, stop loss below the low of the same

Tej10 Updated 

Trade set up - Price is retesting the bottom of the long term trend channel Execution - Buy above high of 25th Jul, with a Stop loss at the low (of 25th Jul) Targets - T1 of 3300, T2 3500 and finally T3 2800

Tej10 Updated 

Inverted Head and Shoulder formation in SBIN on the hourly chart Previous resistance has turned into support Rising volume on Green candles RSI has moved into the bullish zone and is taking support on the upper band Long entry at can be made at current price with a stop loss at 524 (Risk reward of 1:4, for full upside target)