naved_913

naved_913 Updated 

POSSIBLE LONG 1) BOUNCE OF FROM THE WEEKLY LEVELS 2) CROSS ABOVE 20, 50 EMA 3) BROKE THE LONG TERM TREND LINE 4)RSI AND PRICE DIVERGENCE ON CHART 5)VOLUME INCREASING GO FOR 1:2 RISK TO REWARD

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POSSIBLE LONG 1) RSI DIVERGENCE 2)PRICE BREAKOUT OF TREND LINE 3)DAILY SUPPORT 4) EMA CROSS ABOVE 5) BUY ON MINOR CORRECTION

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POSSIBLE LONG 1) RSI DIVERGENCE 2)PRICE BREAKOUT OF TREND LINE 3)WEEKLY SUPPORT 3) PRICE MAKING HIGHER HIGH 4) EMA CROSS ABOVE

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POSSIBLE SHORT 1)RSI DIVERGENCE 2)TREND LINE BREAK 3) CROSSED BELOW 14,20,50 EMA 4) 0.38 FIB RETRACEMENT 5)LOOSING PRICE MOMENTUM ON RESISTANCE

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LOOK AT THE BIGGER PICTURE PRICE BREAK THE ONE AND A HALF YEAR OF CONSOLIDATION AND READY TO MAKE NEW HIGHS !! NOW RESISTANCE TURN INTO THE SUPPORT AND PRICE IS LOOSING MOMENTUM AT NEW SUPPORT WHICH INDICATE PRICE MAY BOUNCE OFF!!

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POSSIBLE SHORT POSITION 1)RSI DIVERGENCE 2)CROSS 20,50 EMA 3)BREAKS TREND LINE WITH VOLUME 4)BROKE RISING WEDGE PATTERN 5)BREAK BELOW RESISTANCE LEVEL

naved_913 Updated 

LEVELS MENTIONED ON THE CHART

naved_913 Updated 

TARGETS MENTIONED ON THE CHART

naved_913 Updated 

BUY ONLY ABOVE WHEN IT BREAKS TREND LINE AND RESISTANCE BEST ENTRY WOULD BE AT 340 WITH THE STOP LOSS OF 325 BELOW 50 EMA GO WITH 1:2 OR 1:3 RISK TO REWARD

naved_913

BUY WITH THE SL OF 208 FOR THE TARGET OF 224 AND 234 . RISK TO REWARD 1:2

naved_913

POSSIBLE LONG: 1) Trend Line Break 2)Channel Breakout 3)Price Above 14,20,50 EMA. 4)Price Breakout of daily Resistance Risk to Reward Could have been 1:6

naved_913

Chanel breakout seen on TATA Metaliks Daily Chart, you can wait for other bullish candle formation for further confirmation. T1 -790 T2 -805 SL- 765 Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and...

naved_913

Possible Breakout seen on Graphite India Daily Chart , Buy on dips for short term. T1- 785 T2- 800 SL - 755