HDFC Bank - channel breakout happened and retested it. Inside the channel, double bottom formed for trend reversal.
Expect a good Up move in this stock.
JSW Energy Analysis:
1. Major Trendline breakout happened and strong close occured in Weekly timeframe
2. Waiting for retest the trendline in smaller trendline like 1D or 4H.
IndusInd Bank retested the previous resistance.
Previously, strong build up fomred at resistance level and broke out. Now, retested the resistance level and going to turn it as support if the price goes above the previous day high.
Disclaimer: This is full of educational purpose only. Also, do your own analysis before taking any action.
Fibonacci Retracement with Support & Resistance strategy for Swing Trading.
Entry: Buy @389.45 - After breakout the Resistance line and Fibonacci level 78.6%
Target 1: At Fibonacci Level 100%
Target 2: At Fibonacci Level 161.8%
StopLoss: At Fibonacci level 38.2%
SBIN stock touches 3 or 4 previous years support. Best buying call.
For Long Term Investors - Buy @160 and Sell @301.15
For Short Term Investors - Buy @183.55 and Sell @251.00
