abu_bkr

abu_bkr Updated 

Dhanuka Agritech seems to be moving in a parallel channel . After the downtrend, it has reached it's demand zone as per parallel channel where it is currently consolidating indicating accumulation. For high probability setup a trader should always wait for price to give confirmatory signal then act. Buy trade can be taken when uptrend is confirmed by dow...

abu_bkr Updated 

In breakdown retest stock breaks down from it's support then it and gets rejected from it giving a confirmation that support has now turned into a resistance. MIndtree right now has successfully retested it's breakdown point and gave confirmation of continuation of fall through follow up candle. So, Sell trade can be initiated with SL of 4115. One can aim his...

abu_bkr Updated 

Three zones are marked in the chart. Axis bank seems to moving nicely between those zones. Stock bounced from it's support zone with bullish follow up making Higher High(HH) and Higher low(HL) in daily timeframe . Swing trade can be taken with Stoploss as previous swing low that is 647. First target will be resistance -1 that comes at 750-767 levels followed by...

abu_bkr Updated 

RSI is also known as God's indicator because of it's ability to spot reversals better than other indicators. Traders use divergences in RSI and price instead of just RSI's value to strengthen their analysis. In this chart two types of divergences are displayed. 1) Bearish Divergence. 2) Hidden bullish Divergence. Bearish Divergence When the price making higher...

abu_bkr Updated 

Escorts seems to be turning from the support as well as it has completed its ABC correction which completed exactly at 1.618 of Wave A. So, idea is buy above 1200 from where it has been rejected recently with stoploss of 1100 Can achieve fresh ATH

abu_bkr Updated 

NASDAQ has formed bullish pin bar at support with a bullish follow up candle . So, a buy trade can be taken with SL at pinbar's bottom for the target of 16269.

abu_bkr Updated 

Nifty formed bearish hammer on 30 mins chart near it's previous high showing rejection. Also it broke the low of the hammer. So, Short position can be taken with Stoploss of day high.

abu_bkr Updated 

As per charts.

abu_bkr Updated 

It looks like Rain has completed it's correction as it is sitting on 2.618 Fib support also near the bottom of the channel. Next wave can take it towards its next Fib resistance of 3.618 that is 187. Stoploss is 144 Weekly closing basis.

abu_bkr Updated 

After the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot. It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.

abu_bkr Updated 

It appears that Happiest mind is making a bullish pennant which is a continuation pattern. Breaking the pennant can take it towards its first target of 600. So buy if it breaks 560 with SL of higher low that is 532. It will be a better idea to buy on retest.

abu_bkr Updated 

Gravestone Doji formation at 52W high. Short if it breaks day's low that is below 883 with SL of 922 and target of 800 as per charts. Another theory which supports this is RSI. According to RSI, technical top was formed at 799 after that it made another high of 922. Hence, to correct it, It has to come below 799.

abu_bkr Updated 

Concor has given fresh weekly breakout. Despite of the market rally this stock didn't moved that much. So till 467 on Weekly basis is saved it can easily do 592 and 655 references.

abu_bkr Updated 

Just a very simple setup based on Supports and resistance. Stock has broken its 52 Week high which indicates strength. So buy will trigger above 1028.2 with Stoploss of 982.

abu_bkr Updated 

Nifty formed a bearish Doji at it's 52 Week high which generally indicates exhaustion of uptrend. So plotting AVWAP on the top of the doji which acted as strong resistance. Today it crossed AVWAP and closed above that which indicates further bullishness. So one can take a long trade here with AVWAP as SL that is 15237.

abu_bkr Updated 

Bullish doji at support is usually a sign of reversal. But, we wait for confirmation right? So we will buy above 15400 that is the high of previous candle. With SL of Day low i.e. 15365. DO NOT BUY UNLESS IT TRIGGERS.

abu_bkr Updated 

Orient cement is an awesome long candidate. Stock is reaching it's 52W high, crossing that will give it more strength. So the idea to buy the strength and ride it. So long trigger will activate above 96 with SL as 92.5.

abu_bkr

Adani Ports has reversed from its monthly resistance zone marked as yellow and is at it's daily support zone. Breaching that it will move towards its next support zone. Short below 341 with Stoploss of 351 and target of 320. Disclaimer: These are my personal trades. Only for educational purposes.