rkinspiro1

rkinspiro1 Updated 

As they say history repeats itself in the markets too, earlier EICHERMOTORS has broke out forming ascending chart pattern with support zone being the long time demand zone, looks like it is forming a similar ascending triangle pattern again, Look for buy opportunities in case of breakout

rkinspiro1 Updated 

Possible buy opportunity on intraday basis. plan trade based on breakout and target the nearest supply zone mentioned on the chart

rkinspiro1

The stock has broke out from the resistance with good volume and the candle on 4th aug has respected the earlier resistance as support, follow the price action for long entry

rkinspiro1

IOC have had breakdown on 1 hour time frame and has the possibility to reach the demand zone of the channel pattern which it has been trading on a longer timeline. Stop loss can be the previous swing high, with an interesting risk reward ration

rkinspiro1

Tata steel is converging and has a possibility to breakout either ways in shorter timeframe, however looking at the trend of the stock the possibility is higher on the upper side.

rkinspiro1

Buy opportunity in BPCL as the stock has taken support near the demand zone and has started moving in the upward direction