Good positional traders always look to trade the range..... Now there are two different chart patterns on different time frames 1)WEEKLY Chart shows the stock is in almost a flag formation with a pennant shape I rule it as a pennant price is reaching its upper end and the stock has gained momentum shown by "MACD" It is important that in the expiry week the...
LOOK IN THE CHART HDFC DEV SHORT-TERM @1707 TGT 1735 RRACHED INDIABULLS BTST @ 1178 TGT 1190 TGT REACHED BHARAT FINANCIAL BTST @987 TGT 1000 REACHED JK LAKSHMI CEMENTS BTST @407.50 TGT 416 REACHED HDFC BANK (22 NOV) @1810 TGT 1865 REACHED !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH-OUT for BTST/STBT IDEAS @ 3:20!! !!EVERYDAY!!
Now the stock is moving in the downward channel my view on this stock is still on the negative side unless it breaks on the upside..... Stock moving above from its 20-dma now is looking to test 200-dma and 50-dma momentum indicators have turned positive "Like a swing trader i am trading the bound(range)" TRADE VIEW look in the chart
If one watches reliance closely the stock may form a typical double top chart formation and the leading indicator over here is the volumes traded on the stock which if we watch we can see is less as compared to the previous time the stock reached this level what it means is "last time when the stock reached this price the demand was met with higher amount of...
Biocon may close above 419 a crucial resistance level May break the channel on weekly chart but confirmation will be received on friday Macd has given a positive C/O TRADE VIEW BUY @422 STOP @417 TARGET @435
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WE WILL HAVE A GAP DOWN ON NIFTY NOW WE EXPECT IT TO HOLD 10365 BUT IF IT FAILS THEN GO SHORT ON THE NIFTY FOR TARGETS OF 10330 WAIT FOR THE OPENING PRICE TO SETTLE IT IS A DAY TRADE BUT IT MIGHT TURN INTO POSITIONAL TRADE WATCH-OUT FOR BTST/STBT IDEAS AROUND 3:20
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STOCK HAS SEEN A POSITIVE CROSSOVER (MACD) IT HAS CROSSED ITS 100-DMA BUT CURRENT HAS FOUND SOME RESISTANCE @ 432 WEEKLY CHART IS ALSO SHOWING POSITIVE SIGNS TRADE VIEW BUY @ 432(ABOVE) STOP @ 427.50 TARGET @ 440/450
Stock is performing good on weekly and monthly charts Indicators have one positive prices are breaking out of patterns on both the chart intervals Indicating higher price levels "Now most importantly there is a month end which is very near so if the stock manages to close above 1478 on monthly chart we are sure we will have new price levels in M&M"
LOOK IN THE CHART WATCH-OUT EVERYDAY AT 3:20 FOR BTST/STBT LOOK IN THE CHART WATCH-OUT EVERYDAY AT 3:20 FOR BTST/STBT LOOK IN THE CHART WATCH-OUT EVERYDAY AT 3:20 FOR BTST/STBT