In nifty we need to be very careful because in nifty I see" M " patterns forming. There may be an increase of 100 points, but after that if the nifty goes down in the opposite direction, the work can be corrected by 700 points inside the nifty.
If stocks take support 100 days Exponential moving average 1063 Rupee, then you will have a great opportunity for swing trading.
Target- 1183.35 (30 April 19 Closing)
This is my opinion
You may agree, you may disagree.
NR7 means that the stock is trading in a narrow range from 7 days. If the stock breaks the narrow range moves out of narrow range then it is called ORB or Opening Range Breakout.
Stocks are following their M patterns. Do not sell goods in any hurry. I am feeling that the stocks will soon come in the bullish trend soon.
Target- 688.10 ( 16-04-2019 Closing)
Stoploss-Stocks are at its 52-week low level, so please fix the stoploss according to your risk taking ability.
I am feeling that this has been trading within a line for some time if it crosses this higher level then it will be a great opportunity to make money for us.
Stop Loss
1- 5 Days EMA 1490
2- 9 Days EMA 1484
I am a learning person. And this is my own analysis. I will not recommend any investment to anyone on my opinion.
But my experience is saying that these stocks will follow their chart pattern. The closing price for stop loss 26 March, 2019, is 1524 rupees.
