Prices are respecting the trend line and hovering around 200 ema support. On the top of it, it has formed a bullish gartley.
Hence can go long around 470- 480 area once it pullsback. If not enter above 495 on bullish candle confirmation.
SL - 450.
T1 - 510
T2 - 520
For study purpose.
The stock made an inverted H&S pattern over the 200 ema and had a breakout from the pattern. Also this happens to be a lifetime breakout. But it is not accompanied by high volume.
Now this happens to be a Breakout or reversal zone.
Based on today's opening, trade can be entered above 365 based on bullish signal candle.
Another lower entry zone is 353-356 with SL...
Cmp is 1515.
Two entries based on further opening of prices:
1. Above 1523 - Enter on bullish candle
2. Enter at 1500 level if it retraces here.
SL for both - 1490
Target - 1560
For study purpose only.
Price has been in strong uptrend and recently it has made a flag BO with good volume and has tested the previous high made.
Entry above 735 based on a strong bull signal will take us to a small target of 760 in short term. SL 706.
Even if it gives a fakeout and turns back, entries by bull will be made at 710 - 715 area.
Although profit taking can take place at...
Symmetrical traingle has been in formation for some months . But it failed to breakout upside. Instead it brokedown and it has a bear closing on today's daily candle.
Cmp is around 378.
1st setup : Short trade ( Intraday )
Depending on tmr's opening, trade can initiated at two levels.
a - 382 to 384 level on retracement.
b - Below 378 on bearish candle...
Price has failed to test the earlier extreme, thus forming a double top. Now on the second run up, it formed a head and shoulder pattern indicating signs of reversal.
CMP is 497. If the prices breakdown below 491 with good volume then it will 480 which can be a small swing trade.
For short term positional , prices are expected to touch 450....
The stock is facing resistance at flip zone 600. Now CMP is 575 and it is above 200 ema line. But looking over the historical behaviours at 200 ema line it has resumed its bear trend . Expecting the same again.
Make entry when the prices retrace again to the resistance zone to form a double top pattern and then enter short on confirmation bar.
The stock has been consolidating for over few months. A breakout from this range is expected upside. But there are two scenarios once this BO takes place.
1. Either the BO sustains and gains momentum to reach the extreme high.
2. Or it could be a false BO and trap bulls n fall back into the mid range point and the move to upside might take place later.
A breakout is imminent on the upside. Bulls have gained support as shown. Wait for the breakout to happen and then enter on confirmation signal bar on lower time frame with respect to rising volume.
For study purpose.
Reasons to go Long:
1. The Breakout zone 420 has been tested twice and got supported.
2. A big bull pin bar was formed at the BO zone n it was also coinciding with the triangle sup line.
3. The follow through was a gud BO of the traingle and it got tested recently giving us a signal to go long.
Hence Traders can look to go long above 455 if it moves forward with...