Longs stay cautious as we can see rsi divergernce in BANKNIFTY on hourly chart. You can go short if it breaks ema. Please hit LIKE button it act as motivation.
Reason for the trade: *Multiple pole and flag pattern *Good volume breakout from recent pattern *Good risk to reward ratio(keep traling) Go long above 855 only.
Triangle pattern is formed in hourly chart. It seem to give shorting opportunity on a positional call. Keep trailing your SL if position goes in your favor. Please hit the LIKE button if you benefitted.
You can initiate the short below the trendline with the minimal stop loss OR you can initiate long if you see good support on trendline keep stop loss just below the trendline. Please Don't forget to hit LIKE the idea.
In weekly chart of bank nifty the resistance line can give some shorting opportunity. Find 'M" pattern on lower time frame i.e. 1hour, 30 min , below the resistance trend line. Place the strict Stop loss above the trend line. Please make sure to hit LIKE the idea.
Let it break the trend line with good volumes. You can wait for the retest on daily timeframe. Follow
Triangle Pattern Breakout and retest done. Follow and Like the idea.
TV18 Broadcast Flag Breakout at daily time frame. Stop Loss will be swing log as mentioned on chart and trail you stop loss as it is risky stock.
Bullish Head and shoulder pattern into Nifty fmcg. Follow
Pharma index can be seen at the bottom of the channel range it can show the up move in coming weeks.
Glenmark is forming cup and handle pattern at daily time frame. You can go for long after the handle breakout with good volumes at daily time frame. And don't forget to like the idea. Follow
Go for long if it gives a clear breakout. Follow.