Reasons: 1. The stock has broken the long term resistance (On weekly chart) with good volumes. 2. Earlier took support on 50% Fibo.
Entering again in the trade. Last time SL got hit. Quite positive this time. Cup and handle is getting formed in Federal Bank. Entering the trade before the formation of handle as risk reward ratio is good. Final target is of 167. Disclaimer: All my ideas are strictly for educational purpose. I am not responsible for your profit or loss. Pls do your analysis...
Cup and handle is getting formed in Federal Bank. Entering the trade before the formation of handle as risk reward ratio is good. Final target is of 167. Disclaimer: All my ideas are strictly for educational purpose. I am not responsible for your profit or loss. Pls do your analysis before entering into any trade.
Bullish view based upon the following points 1. Clear double bottom pattern at a support level. 2. Trendline Breakout 3. Possible H&S Formation Dabur can be added at CMP of 584, till 565. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before...
Chart is self explanatory. Buy Ashok Leyland @CMP. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions. #hiebro
Chart is self explanatory (Cup & Handle + Triangle Pattern breakout). Buy CDSL @CMP till 1345. Trade with strict stoploss of 1200-1220 Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
Escorts looks too strong on charts. H&S (Non ideal) pattern plus taking support on major EMAs. Can be added at CMP till 1550. Trade is risky. I'm not going to add any new positions as I'm holding this stock at low levels. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do...
Cup & Handle pattern, Head & Shoulder pattern formation in Princepipes. Add above 700 for a target of 760 & 800. Trade with strict stoploss of 651. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
Bullish double bottom pattern along with upside breakout in CIPLA, Add Cipla at 906 to 910 levels. Enter only if it retests, Trade with strict of stoploss of 880/875. Trade is risky as Head and shoulder pattern is also there but I believe It will trap more traders before going down. Also stock has given the breakout of 50 & 100 ema as well. Let's see Note: This...
Breakout & retesting of handle in Cup & Handle pattern. Add DLF at CMP till 290 for the first target of 346 and then next target could be 396. 323 level is going to be a crucial level, stock can see some resistance or consolidation at this level. Beyond this 323 level, first target is a easy hit. Also stock is trading above all the major EMAs as well. Note: This...
Cup & Handle breakout in Maruti with good volumes, Add near 7360 levels for an easy target of 8000+. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
Chart is self explanator, Can add near 390-395 levels for swing trades. Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
Breakout of Head shoulder has already occurred on daily basis. Also Quarterly and yearly results were very negative. Can drop upto 650 levels (Trendline and 100 ema support).
Breakout of cup and handle pattern in Aurobindo Pharma. The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenerio on the movement of this stock. #tothemoon Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any...
Bearish pattern in BPCL is forming. It's on the crucial support right now. It's taking support on 200 ema as well, so a breakout below 400 levels with volume can push this stock in bearish trend. Note: This is strictly for educational purposes, I'm still learning the concepts of the stock market. Do your own analysis before taking any positions.
Inverse Head & Shoulder & Channel breakout has occurred in ALKEM Labs today with good volume. It can be a good pick for swing trade. Accumulation can be started at 2790 till 2750 when it retests the trendline. Note: This is strictly for educational purposes, I'm still learning the concepts of the stock market. Do your own analysis before taking any positions.
Cup and handle breakout has already occurred in Naukri on hourly and daily basis. There is a support at around 4000 levels but major support is at 3700-3800 levels. It can be a good buying zone for long term as well as for swing. Wait patiently. Do your analysis before making any fresh positions.
Breakout of Flag pattern has occurred with volume in HINDALCO. It can give quick returns in a short span. One can enter in the positional trade at around 330-335 with a strict stoploss.