Reason for Long 1. Head and Shoulder Formation (See chart) 2. High Volumes (See chart) 3. Good Fundamentals 4. RSI continously above 50 (See chart) Target: 2000 Stop loss: RSI goes below 50
Check Bull vs Bear power - (chart) Since green candle on 13th oct , there have been total of 15 trading sessions but no candle is able to wipe gains. This shows there is very less supply related to stock Target - Till Daily RSI violates support of 60 (Will ride with trend) Stoploss - Daily RSI breaks support of 60 or bottom of 13th october candle(approx -5%)
CDSL forming Cup and Handle pattern, Breakout with Volume Target 1 - 1580 (Depending on previous resistance) Target 2 - 1800 (Depending on Cup and Handle) Stop loss - below breakout candles (1350) / daily rsi below support of 49
Analysis of Bata India on the basis of Ratio chart and Trendline Target - 2900 (Top of trendline) Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy. RSI - the RSI continuously staying above 60 further shows momentum in stocks. Chart is...
Bank Of Baroda Long - Cup handle and darvas box formation Target 1 - 130 Target 2 - 150
Bullish Patterns in the Chart. Formation of Cup & Handle, Flag Patterns. Growing RSI and Relative strenth compare to NIFTY.