Bank nifty has broken the weekly channel and also retested the lower channel. There is also a head & shoulders pattern visible on the chart. one can initiate a short position on monday with the stoploss & take profit levels mentioned in the chart. This is just my view...... trade according to your risk management.
Tata motors has taken the support of the monthly ichimoku cloud. and also it is in the monthly fibonacci buy zone. with a risk reward ratio of 1:8 , worth taking a chance. This is just my view.... you are free to comment.
Yes bank seems to have broken out of the triangle pattern on the up side today. hope to catch the up move tomorrow. buy above 1760 for an intraday target of 1785. this is just my view. trade according to your own risk management.
Canara bank has closed above the daily ichimoku cloud & has formed a bullish candle after touching the 20 dma. Buy above 365 for the targets mentioned in the charts. This is just my view , trade according to your risk management.
Well this stock has been in a trading range for past three weeks, finally broke on the downside today on a daily closing basis. looking to short on any pullback towards 1700 for a target of 1660 with a stoploss above 1728. A word of caution...this stock is in a long term uptrend & results expected on 28th of may....trade with proper risk management.