as the broad markets are a bit unpredictable now.. take positions only with a very stringent stop-loss
price after a 14% downfall is currently has formed a good bullish engulfing pattern at the support . don't jump right at the opening of the market wait for the day to close then consider taking position . be a risk averse trader as the entire market is in downtrend for a while!
enter only with a minimal stop-loss
this scrip is religiously following this trend and today it resides at its support . can consider this in your watch list!
the price has been consolidating for a while and now at its core levels. enter appropriately as and how the market reacts . but enter only with a very minimal stop loss as the momentum could be high
wait for the downtrend support to be broken and take trades accordingly! . target could be till the channel top
just set your positions as per how the price reacts . breakout or breakdown
look for taking long positions only if the price establishes a good support . in weekly timeframe it looks good but its better to wait!
reliance is currently trading in a precise range . look out for proper opportunities!. i'll better suggest intraday to swing to this scrip
after a good bullish move in 1day tf . price is retracing for the last three days( currently residing @ the support of 1hr tf . hope it shoots up! .
price is currently consolidating . good to go long after a breakout . keep SL below the support trend
again it has started consolidating . so consider going long only in small caps as their beta will be -ve now
its for purely educational purpose!
my top picks for this week is as follows . (probably won't enter by Monday itself . coz i dont know how the market plays out for the new sebi rules) Amarajbat - those things falls right in place very neatly! . just make right entry Hercules Itc Bandhanbank Nbcc Dr reddy Irb Infibeam Sunpharma
After a huge profit booking @ 31st of august . the price started travelling to touch its support and has got a good support and now it has retraced a bit . good to go long if that 1hr support line that mentioned in the chart breaks nominally. if theres a big move tomorrow then ignore this stock as your SL will be big !
the price was consolidating for some time after the breakout . can try entering after the zone mentioned in the chart is broken but with only a minimal STOP-LOSS A 3:1 RRR will be fine but scale out whenever opportunity is presented!