Wipro appears to be transitioning into an uptrend, supported by favorable technical indicators and increasing trading volume. This suggests a potential buying opportunity for swing traders. Technical Analysis: Price found support at 38% Fibonacci level. RSI moved above 60, suggesting rising buy pressure. Increased volume confirms bullish...
Divis Labs has broken above its long-standing weekly trendline, indicating a potential shift in market sentiment. This breakout, coupled with the stock's strong fundamentals, suggests that Divis Labs is poised for further upward trajectory. Trading Strategy Entry: Above 3765 Targets: 3930, 4370 St op Loss: 3487 Disclaimer Please exercise...
USDINR is currently forming a symmetrical pattern, which is a consolidation pattern that can precede a breakout in either direction. Swing traders should wait for a clear breakout before taking a position. Trade with Symmetrical Patterns: A Simplified Guide Symmetrical triangles signal potential trend pauses or consolidations. Breakouts from these patterns...
Silver MCX is in a downtrend and could be sold around 70,555. Targets are 68,750 and 67,500. Place a stop-loss above the recent swing high. Please note that this is just a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
BAJAJ FINANCE has been confined within a well-defined range, exhibiting a pattern of lower highs and higher lows. This consolidation phase suggests that the stock is currently seeking direction. A breakout from this range could lead to a significant move, either upwards or downwards, providing a potential trading opportunity for swing traders and short-term...
INFY is currently in a well-defined downtrend, exhibiting lower lows and lower highs. Swing traders can consider selling INFY below the recent swing low of 1386, targeting potential downside levels of 1360 and 1320. A stop-loss order placed above the recent swing high of 1422 is recommended to mitigate potential losses. Trading Strategy: Sell INFY below...
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended. Sure, here is a fine-tuned version of your Axis Bank trading idea: Axis Bank: Uptrend continues, swing traders can buy Axis Bank is currently in an uptrend, and swing...
HDFC Life is currently in a short-term downtrend, with a recent swing low of 619.40. Swing traders can look to sell HDFC Life at 619.40 for a target of 606, which is the next major support level. Trading strategy: Sell HDFC Life at 619.40 for a target of 606. Place a stop loss order above the recent swing high of 622.10. Please note that this is just a...
Nifty is currently in a short-term downtrend (green trend line), but the primary uptrend (white trend line) is still intact. This means that the overall direction of the market is bullish, but there is currently some corrective selling happening. To confirm the direction of the market, traders should wait for a breakout from the short-term downtrend. A breakout...