- Stock is charting triangle pattern on weekly scale - Nearing lower boundary - Favorable Risk_Reward to accumulate for Long-term
** Investment bet cmp 790 | SL 10% - Downward sloping trend channel -Oversold on RSI (weekly)
Buy HPCL - Ichimoku Cloud support (weekly) - Oversold momentum (weekly)
- $GE is ripe for a bounce back towards $19 from the 61.8% Fibo retracement level - RSI (weekly) is in O/S state and exhibiting positive px/momentum divergence
Falling Wedge | 88.6% Fibo retracement of previous up-move | Positive momentum divergence
BUY : cmp 63.25 | SL 59 (closing basis) | Target 80
- Nifty PSU Bank Index moving up in an Elliott Wave impluse - Wave 5 targets pegged in the range of 3770-3860 - Weekly cloud support
Positional LONG - Target 175 - Stop-loss 112
Recommend to Buy from a 3-6 months trading perspective Stop-loss below 560
- Triple-three complex corrective nearing completion (w-x-y-x-z) - Expect the stock to bottom out between 275-280 - Can look for fresh buying opportunity from an investment horizon - Hypothesis will be negated on breach below 260
- A beautiful text-book 'Cup & Handle' pattern on daily chart - Stock trading within a regulation upward sloping trend channel - Daily momentum oscillator readings have slowly turned up in bullish territory - Volumes pattern shows gradual accumulation - Accumulate in range of 275-280 - Maintain SL of 263 (closing basis) - Targets 330 - 340
A Leading Diagonal 'wave A/1' followed by a sharp fall in 'wave B/2'
- Stock is trading within a regulating upward rising trend channel - Recent bullish price action from channel lows suggests a move to channel high likely - Prefer to take 50% position at cmp & balance on dips to 39.75 - Expect stock to test 55 over couple of months - Maintain SL at 36.50
seems like some accumulation underway ... and potential range break candidate Breakout above 29 Target 37 & 40 SL 23.80
* 61.8% Fibo retracement of previous rally * Trading near weekly Ichimoku Cloud * Oversold momentum; potential rebound * Target 3600 * SL 3015
Target 107 | Stop-loss 61 * Multi-week sideways consolidation (read accumulation) * Bollinger Band contraction * Momentum oscillators inching towards buy crossover
Target 112 SL 68 (closing basis)