After failing to trigger entry for LOCAL SNR SETUP, it went on to test the lows and managed to hold the lows well. Now waiting for STRENGTH BREAKOUT SETUP to form and entry at same level of 644
After achieving downside target, it formed LOCAL SNR SETUP and confirmed with SPRING @ SWING LOW. A pullback bounce for Daily TF can give a good short swing trade.
Query Mentioned on chart.. Leave your opinion/analysis in comments. Thanx
Very rare situation.. Faced RESISTANCE on 100 MA & took SUPPORT @ 50 MA on a single day..
Ladder formation (Another rare pattern) Like INFY this stock is also following ladder pattern but in downtrend. Generally it is observed that on of these ladder steps, stocks breaks the channel and moves with tremendous momentum. Is IRB ready for this move???
1) Testing its ATH (All Time High) level. 2) Perfect 'v' formation @ important level (which is very very bullish indication) 3) 78.6% fibonacci extension level on WEEKLY timeframe coincides with ATH. As we know, breakout of 76.8% lvl of fib extension considered as continuation of the mail trend. 4) Concern : forming DOJI from last two days. 5) Relief : Even...
FLAG PATTERN BREAKOUT
Is it really turned BULLISH? Facing resistance on 50% fib retracement level @ 1175 Trade with cautious. So much hype is going around on TV and NEWS I am bearish on this scrip. Looking for SHORT below 1125 level
Watch out for breach of 7170 breakout level for upward rally. Target lvl (7890 plus/minus 1%) also coincides with 61.8% fib extension level
After breaching 383 & 390 levels, stock will resume its UPTREND in medium term trend. For now, 1) Formed an EXHAUSTIVE candle on friday. (Neutral) 2) On Intraday chart, stock had a very good opening move, but after SBIN results, (being its peer) it also faced a selling pressure. Due to which short covering was seen, but before this event, stock was enjoying...
(SWING CALL) Buy above 748 / Stop @ 733 TG1 @ 757 TG2 @ 769 Risk/Reward : for TG1 = 1.667 (Not worth it but safe bet) for TG2 = 0.71 (Totally Worth it)
Chart Pattern near ATH (All time High) Three White Soldiers (with decreasing volume) = BEARISH Wait to see what happens on Monday then initiate the trade according to the movement. Stock is expected to be volatile.
Expecting a bounce back frm Support @ 463
SWING (3-4 days) to SHORT TERM CALL (2-3 weeks) BUY above 1995 / Stop just below 1975 (based on risk appetite) TG1 = 2037 (Risk/Reward = 0.47) TG2 = 2085 (Risk/Reqard = 0.22)
Verdict: Stock might be getting ready to move out of corrective phase & continue its uptrend Based on DEMAND & SUPPLY ANALYSIS, 125 & below = strong sellers area, & stock has breached this level. And trend reversal will get confirmed when it will breach 138 lvl. It is generally observed that if stock crosses 76.8% retracement lvl, then 90% of the times, it...
Trying to break out of FLAG PATTERN. If moves up & closes above 2455 then go LONG for TG of 3055 (plus/minus 1%) Will update OI analysis after tomorrows sessions.
Verdict: Bounced back from fib retracement level & formed bullish divergence. But note, unable to cross 1425 level OI Analysis: New longs are added today. If moves up tomorrow then it will be fueled by strong short covering Options Analysis: Huge addition of OI @ 1440CE. This is only thing which is indicating bearishness, all other indicates towards...
Spent last two weeks consolidating between 50% (312) & 61.8%(319) fib extension levels. go LONG above 316/318 for TG1 330 TG2 340 SL 310 (3pm closing basis) Strong support @ 312 Lost momentum in uptrend completely, if it wants to continue its uptrend, it should bounce up in next 2-3 days otherwise pullback will initiate (based on FUT OI & option analysis)