techmental_AK

techmental_AK

HeroMoto is giving a bearish indication on various parameters. 1. In a strong supply zone. Unable to sustain at those levels. 2. Negative RSI divergence (Mere RSI divergence is not a trigger for a trade, but in combination with other factors, it acts as an additional trigger) 3. Probable Trendline break, on downside 4. Head & Shoulder pattern under formation....

techmental_AK

Have clearly mentioned 3 signs of bullish reversal, that’s the backbone of this trade setup. We should look for 2+ confirmations before taking up a trade or finalising the trade setup. This is a weekly TF setup and represents a 2 months to 12 months view. Not a buy recommendation, simply trying to list down my observations. DO YOUE OWN ANALYSIS.

techmental_AK Updated 

A decent breakdown followed by bearish flag If flag low is taken out..smooth move downwards

techmental_AK

Probable trading opportunity : buying around 560/670 with SL at 530 (day close) for targets of 830+, 1000+

techmental_AK

Might bounce back from this level. Good volumes.

techmental_AK Updated 

Buying zone is 842 to 865 With STRICT SL around 800/805 For 1st target of 909, and then 15/20% gains ahead. Trade duration : 3 weeks to 3 months (It might make us wait and test our patience)

techmental_AK Updated 

looking weak on higher timeframes might give us an intraday shorting opporutnity

techmental_AK Updated 

Currently in the supply zone. Might face resistance. We might enter on a pullback.. opportunity of catching the further up move.

techmental_AK

Looks like a tired stock. (based on monthly TF) If you're holding it, day close below 459 could be the SL zone. (+/- 2%) If you want to add, better to add after break above 590. 700+ can be a mid term target. if it keeps on consolidating near 50WMA and breaks above 570 with good volume, can fetch good returns for a short term swing position.

techmental_AK

It's a company with good fundamentals.

techmental_AK Updated 

Observations on chart.

techmental_AK Updated 

Accumulate : 5800 to 6045 SL : day close below 5520 Target : 7300+ Trade duration : 2 weeks to 6 months

techmental_AK Updated 

SBIN : Can show up a good move post bullish flag

techmental_AK Updated 

Path on chart

techmental_AK Updated 

PFC will give a good move post breakout. Entry - ONLY on pullback (else we might be trapped in a FAKEout)

techmental_AK Updated 

Break above 544/550 levels will be a good bullish sign. Day close above these levels : Possibility 1 : consolidation and sideways after BO. Good chance to accumulate. Possibility 2 : blast above 550, straightaway 10/20% move. In such case, better to wait for a pullback for entering. Close below 470 levels will be a sign of a weakness.

techmental_AK Updated 

Chance of capturing a move from 3280 to 3350 With SL at 3230/3250 zone.

techmental_AK Updated 

on chart