Seeing large volumes entering @ the major support.. expecting a lot of volatility..High risk buy entry as long as it doesn't break support...
Seeing a lot of profit booking @1360 resistance Level....Probable Top Formation....Short Setup Below 1360 level... If price breaks trendline above 1360, look for Buy setup...(look out for sharp reversals slightly above this level on the short term and tight stop loss....)
Powergrid chart pattern showing consolidating @ 195 level for the last few trading sessions. RSI showing divergence @ current level. We can expect the Stock to show some up move above 197.00 If price breaks support below 194.00, can expect the stock to continue its downtrend.
Explained in charts. Go long with stop loss below swing low. Following trading plan and waiting for breakout.
Long Entry @433.50 Targets: 450, 480, 500 SL: 424
Trend reversal with trendline breakout. Go long on TCS with initial target at 2400 Keep Stop Loss at 2300
Bullish Divergence @ 84.50 Buy Idea on trendline break or close above 85.50 Stop Loss at 84.00 with Initial target at 89.00
Coal India is at support, go long on trendline break with stop loss at 275 with target @290.
Infosys has a trend continuation pattern on daily chart. Buy on trendline break with initial target @970 - keep stop loss near 910.
Buy on trendline break or close above 206, stop loss @203 - Target 212
Whoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone. The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone. Aggressive traders can enter long at the current support level. Conservative traders, enter the trade at the break of...
Nifty shows an expanding triangle pattern. Trend traders be away from this market, wait for price to breakout of this range to go long. This market is a gold mine for aggressive range traders. Do not use trend indicators to analyse this market. Use oscillators to analyse this market. Good Luck Range traders...
Short Setup: Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50 Buy Setup: Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
Buy Setup: ITC has a hidden bullish divergence but it is trading below the cloud. Wait for the breakout of trendline and resistance at 265 to go long. Targets 268.50, 270.00, 272.50, 275.00. Short Setup: If ITC bounces off the trendline and breaks the fractal at 262.30, since it is trading below the kumo cloud, short it with targets - 260, 257.50, 255
Buy Setup: Wipro just bounced off at the support level 485. We also have a hidden bullish divergence. Go long at the break of trendline, with target at 500. Short Setup: If Wipro breaks bounces off the trendline and breaks support at 485, wait for retest at resistance and short it with target at 470 level.
Buy Setup: Infosys is in a very bullish area after a long time. It bounced off the good support near 1010 level. Buy if it breaks the above trendline. Short Setup: If infosys breaks the support, let it retest the resistance at 1010 before shorting it with a target near 960 level
Infosys is in a bullish area for the first time since 9 months. All buy setups are valid above 1011.