as you can clearly spot a beautiful declining triangle pattern in daily tf . look for entries if the upcoming candle engulfs the wick of the 2 day previous candle
As the picture depicts a good descending triangle pattern . look for it
the small cap is under a confluence of monthly resistance and daily tf support and also forms a double bottom.. focus on how small cap reacts the coming week.
we can expect the market to touch the support in daily tf or else if it breaks the resistance then its good to go as well . until then its better to sit tight!
have a look at some pharma scrips as major pharma stocks ( like drreddy lupin astrazen etc..) are roaming around their support zone . a breakout in this would signal good buying opportunities in them
As we all know what is throbbing through the markets. the likelihood of a full lockdown is pretty near . and if it is so implemented .then take care of all your positions . it might not be that bad as our previous nosedive but it can definitely create an impact .On the other hand we have some earnings announcements of top companies this month . so we might not...
A good opportunity . but enter only after confirming a bullish presence
give this a try . even if it hits SL its worth giving a try . provided the risk to reward looks good
trade only the bo if bullish . bearish then sell rallies within the trend
here , in day chart this scrip looks like a good pattern to buy . but when you look into the weekly tf you can find that its right at the middle of the range within which it is for years! , as far as the current trend is concerned . this looks bullish . I personally don't take this trade due to this as the tides can turn either way . this scrip is only for...
if gives a good bullish signal . go on !
you can find a double bottom at its pre mature stage in weekly time frame . in daily chart a descending triangle is visible . go with a minimum quantity
ceat looks good for positional trade . but enter only after breakout!
just because it gave me confidence in monthly time frame and supported a good RRR
trail all your stop losses on long positions
Although there are plenty of trading opportunities available for the upcoming weeks its better to sit tight and see how markets react . for ex: for the coming weeks trade only the break outs instead of entering at the support . as the market changes . change your entry approach . because , guess what! at times you can make money by not trading!