Educational Purpose!
EDUCATIONAL PURPOSES!
Educational Purposes!
Trade-Based on risk management. Educational Purposes!
POSITIONAL TRADE! Reasons to Trade: 1) TrendLine resistance 2) Good Volumes 3) Inverted Head & Shoulder Pattern SCENARIO 1: The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly. SCENARIO 2: The stock might come down and fill the gap, where the fib 61.8 matches, and then fly. We will Check which scenario...
The reason for 350 Target: 1) The overall setup is bullish 2) The price is trading in a Channel Pattern Monthly TimeFrame , Zoom out to know why I have mentioned the target as 350 3) The bank is taking some reforms and will be one of the top-performing banks in India. Educational Purposes!
Reasons to Buy: 1) Bank sector is showing bullish especially PSU banks 2) Breakout with massive volumes 3) Good Relative Strength 4) Rising Monthly Pivot Range 5) Minor retracements can happen but overall the stock is very bullish for a target of 140
Reasons to BUY: Good Volume Formation of Inverted Head & Shoulders Price is heading towards the Resistance of Parallel Channel of Daily TimeFrame The chart looks attractive with the confluence point Relative Strength is above 60 Enter when the price breaks the confluence point. Exit when the price breaks down the support trend line ( green Line)...
Only for Educational Purposes! Trade based on your money management. Any Queries comment below
Trade with proper risk management. Educational Purposes! Any Queries comment below.
Trade with proper money management. Educational Purposes! Comment below for any queries.
Based on your risk management take a trade. If you have any doubts you can message me individually or you can comment below. Will Respond :) Educational Purposes!
With proper money management and risk appetite take a trade. Educational Purposes.
Based on your money management and risk appetite manage your trade. EDUCATIONAL PURPOSE!
Reason for going BUY The price has broken out of the resistance level with strong consolidation and huge volume The RSI is above 60 which shows bullishness The rounding bottom pattern has been retested This is for educational purposes, based on your own money management decide to enter or not.