Closing above the previous High with good volumes gives the strong conviction for upmove in Tata Power, But Right time when Stock retest at its support of 255 (Strong Support Zone, Fibo-0.5 Support) SL 235 Target 297 With RR of 1:2 Short term view is long ( For a Month Only)
on weekly chart to short BPCL For 3 targets to once we found any rejection at trendline A Period of holding will be 30 to 45 days
Good trendline has been break Risky Traders van enter at Retest of trendline break. Reason- 1. Good Stop loss hunting below the support zone 2. Bullish engulfing candle formation at bottom 3. trendline break with good volume Safe traders- (where risky traders can add more quantity) Can enter once the channel is broken with good volume and after successful retest...
Rising Wedge pattern in Bank Nifty ....After huge Downfall... from tomorrow BN Will continue downtrend towards its support of 39500 and 39000 Also 0.5 resistance of Fibo. From Upside
Triple Top Formation At Top Bearish Rising Wedge Pattern At Top Also Breakdown Of Neckline Looking For Shorting Opportunity With Target Of 1. 2315 2. 2072
Bank Nifty again taken a support at channel pattern by forming Reversal candle with Good volume and double bottom Pattern in Daily charts So, Expected that uptrend will start and Swing traders can go long from this levels for 4k to 5k points in bank nifty
Rising channel in bajaj Finance now trading at its support so i am Long even though forming Bearish Candle Repetition of Pattern is one of reason for Long View.
Bank nifty continuously taking support at channel trendline