The_Confluence_Trader

The_Confluence_Trader Updated 

VBL has just given breakout on the upside for an ascending triangle formation successfully giving a daily close above the previous 52week high and all time high. For swing traders, it can be bought on retest of levels around 1005-1020. Ideally the SL should be 990 owing to the psychological figure barrier that it broke. But considering ascending triangle rules, SL...

The_Confluence_Trader

CESC can be bought for intraday on 15 min candle close above 88 for Gap filling with a cup and handle breakout for target of 90 with SL of 87.2. Book half at 89.9 and rest at 90.3 Do like, comment and share if you like my analysis.

The_Confluence_Trader

NIFTY 50 couldn't break the trendline and is looking weak with an evening star pattern on the weekly timeframe. With HDFC Bank and INFY results missing estimates slightly, this can add to the trend. One can short once an hourly candle closes under 17420 for Targets of 17350,17250 and 17030 with and SL of 17560 giving a RR of 1:3.