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Description mentioned in the chart. Trade safe, Take care.
Tata steel can be shorted at the engulf of the demand zone for a target of 647 levels where we can initiate longs for possible highs.
PA Is near a key supply area and so one can take a risk of 3 -4 points for 20+ points of profit. If in case the SL is engulfed then there could be a rally to the upside and w may take a long after the engulf.
If prices close above 514 with an engulf of 514 we have a chance to go long for targets up to 650 levels. PA may shoot up very quickly to these levels..
Trade safe, Take care
PA in Apollo tyres shows a possible short trade near ATH zone. I will be taking a short trade at the edge for a 5:1 odd RR. Target can be deeper but that I shall update once we see the Price Action.
The other possibility is that the price can make new highs and then give us a reversal. Lets watch.
Trade safe and take care!
PA shows price hovering around a demand zone and a revisit to the 480 levels or lower for a long up to 600 odd levels, where PA will possibly take a reversal back to the lower demand levels of 420 odd levels. Over the next couple of days we will revive the PA and take appropriate levels for long.
I shall repost the analysis again if we get a shot at taking long ...
PA suggests a likely scenario for prices to revisit the 1200 area for a long trade with a decent enough RR. We can wait for the PA to reach the 1200 area and look for a reversal there for a long trade to minimise our risk.
PA approaching a supply turned demand zone and if price approaches the area marked with the black box, one can short for a decent target and a decent enough RR.
Play safe and see ya!
Time to short Hind Zinc if PA reaches the sell zone for a small risk of nearly 3 points for a large gain. Lets see how it goes.
PA is suggesting a breakout of the Inverse Head and Shoulder pattern for possible targets marked in green lines. PA could possibly retrace upto 345 levels before the upmove to higher levels. PA below 340 -335 levels would negate the pattern.
Trade safe and good luck to Y'all
Bullish Flag pattern breakout in BPCL.
PA in BPCL has broken out of a bullish flag and is retracing the upper descending trend line of the flag. The RR looks good for an upside move upto 800++ levels as shown with green lines. PA close below the blue line may not be conducive for the upmove.
Trade safe and good luck to Y'all.
A tight Flag can be seen in Radico Khaitan. One can go long for some quick bucks to targets marked in green. PA moving below 118 levels may not be conducive for a upmove.
Trade safe and good luck to y'all!
PA in biocon is showing a consolidation pattern and the range seems to e kept intact as seen by the large volume engulfing candles. Prepare for a breakout towards 1400 levels. PA moving below the blue line invalidates any immediate long move.
Trade safe and good luck to y'all!
15m PA in Hindpetro shows consolidation inside a channel. Breakout can be on either side but my reading of PA says it would be most likely on the down side. Targets are marked in green. If the PA breaks the trend line marked in yellow, downside move would be negated or delayed and in that case PA could move upside to the previously tested levels marked in ...
Virinchi Limited PA showing a bullish flag formation. PA looks very bullish, and higher targets can be expected. Targets marked in green.
Everything else self explanatory .
Good luck to y'all!
Possible medium term direction for SRTRANSFIN.
PA has formed a range in Hindalco and one can ride the breakout to the long for targets of 245++ levels. One of two scenarios may be possible.
Scenario 1 - PA will likely test the ascending trend line and retrace for a breakout.
Scenario 1 - PA will breakout at the resistance and move to next higher resistances registered in the past..
Ascending triangle pattern spotted in Banco Products weekly and daily charts. Buy on the breakout for upside. Target marked in red at around 315-320.
Good luck to y'all..