Good risk and reward entry above 170. Price and volume increasing trend. Price trading above 20 EMA.
Good for entry at this stage. trading just above multi year resistance line that turned support now. Good time for entry to a target marked in the chart.
Rejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.
Keep on watch list - Close above 820 triggers buy. 12 April is a trend date to look for its closing. One close above 820, longs can be initiated.The only challenge is missing volume pack. Only sparse volume of candles is visible. Need back to back high volume candles.
Long if break 794 closing basis. Short if closes below 784 daily basis. Target either side 2% movement. Personal bias - Bank nifty is trading in a narrow range, breakout is possible.
Infy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700. Release Date...
Range break down - Price moving up making a wedge patter - Shorting opp from the top of the channel. Long term support marked in the chart. Expecting below 400 in end of March
Few day's silence before storm - Tata Power. Trending stock of a trending sector. For Investment keep accumulating till 250. For trading, level marked in the chart. Range breakout, good volume.
Beautiful pattern is in making, good company fundamentally, can go long now, it may breakout of rounding off pattern and then go for consolidation to make cup and handle. Keep an eye. Go long in parts.