Into the swing trade of Vadilal Industries for returns of 22%. Counter showing great strength even in this weak market. Chart shows Cup & Handle continuation pattern with good volumes and the targets can be easily plotted using the width of the cup, with initial targets to be that of the width of the handle. Entered at 2105.00. Stop loss at day's low.
Nifty Realty at 200MA support level + it formed a kind of morning-star pattern, reversal in view.
Oberoi Realty Ltd swing trade opportunity. Near symmetrical triangle breakout + 50 bands support. Increasing volumes. Buy at 939.70, target_1 at 968.70, target_2 at 984.00 and target_3 at 1037.75.
Morning star pattern can be observed in BankNifty. The doji candle bounced off from 50 bands support as well as from symmetrical triangle!
Target of 105.30 hit. Trailing stop loss at 101.70. Stock at it's new 52W high, broke previous 52W high on 31/01/22. PSU Bank Index near breakout.
Took positions in BankNifty 38500 Call option after it gave a triangular breakout on 01/02/22. Volatility and premiums both were very high due to the Budget 2022-23. Exited on 02/02/22 with decent profits. Could've hold on till expiry.
CNXPSUBANK gave 52W high breakout. Keep PSU Bank stocks in watchlish. Very Bullish on PSU Banks. Bank of Baroda Ltd swing trade is still active.
CNXPSUBANK breakout, PSU Bank stocks in focus, keep in watchlist
Daily chart view, target: 105.30, stop-loss: 95.00