NSE:RBLBANK after a downtrend was able to break an LH which is a Bullish Signal and standing on a Trap Zone. Hence the expectation is it will move up for the Long Term. Entry: CMP: 266.55 | SL: 197.70 | 1st Target: 438.65 | 2nd Target: 716.40 Though Buy on Dips would be a better strategy. Disclaimer: Stock trading is inherently risky and you agree to...
3 Reasons Why NSE:TFCILTD can be a Swing Long trade. 1. Price is in Uptrend and creating continuous HHs and HLs on the chart. 2. Price has revisited the uptrend line and this can send the price up. 3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss,...
As per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term. 1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend. 2. Channel Formation. 3. LTF trend change signal formed due to the break of an LH and an HH formation. The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment...
NSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend. The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx. This Stock should be Bought at every Dip and Hold for a Target of...
NSE:BANKNIFTY At a Crossroad. After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000. But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution. At this crossroad between two opposite bias...
NSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart. Ideally, the Price should go down once the nearest Support Breaks and retracement happens. But trading in futures and Options is inherently Risky and one should avoid it. This analysis is for educational purposes only. Disclaimer: Stock trading is inherently risky and you agree to...
Zeel has created a wolfe wave and the down trend line has also been broken. Expecting a minimum target of 500. Disclaimer: This analysis is for educational purpose only. Prosenjit Ghosh is not responsible for any Profit or Loss occurring to you out of this analysis.