Reasons to go Long on NSE:PEL : 1.Made a Pole and Flag Pattern 2.RSI 50+ 3.Fibonnaci Support The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
NSE:GRASIM at 38% fibonacci support + inverted head and shoulder + RSI ABOVE 50. All tgts, SL buying zone given in chart.
As it has been long since the steel/metal sector is consolidating , it looks like now the sector is about to go tits up high and give gains like last year. #JSWSTEEL has broken the flag pattern and coming down to retest so its a buy situation as long as its price is above 667. NSE:JSWSTEEL
Tata consumer is a buy in the range of 740-748. Reasons to buy : 1. 38% Fibonacci level retracement 2. Ascending triangle formation. 3. Already gave a breakout of a big trend and retesting now. 4. RSI is also above 50 which gives us a clear uptrend confirmation. Buy between range of 740 to 748-50 , if you want confirmation wait for...
Channel breakout + Retest Done + 50% Fib retracement tested + RSI @ 56 = Good buy with a great R:R . Don't buy asap ; wait for some duration as market has gone up without making a red day, so have patience and buy when price comes near buying zone. Target 1 and 2 are easily achievable but Target 3 is a little hard so book 60% till tgt 2 and let the profits run...
Reasons to buy NSE:HDFC : 1. Reverse Head and Shoulder 2. Bullish divergence(Which is very rare confirmation signal ) 3. RSI above 50 4.Fibbonacci support of 38%. Buy in the given range only, maintain SL and Stick to the system .