Fundamentals Strong Good Quarter Results Price in demand zone FIIs/DIIs Favourite High Risk/Reward High Dividend payout
- Long only if it breaks trendline and moves above inside bar high - Entered demand zone and is currently indecisive, so Mon/Tue - if there is enough volume then it can break the trendline - Respect Stop loss - new demand will be created if it breaks the stop loss
- Take long position if it breaks the triangle
- Broke Long term resistance - Book profit in when price reaches supply zone
- Downtrend Breakout - Reversal Looks good at current levels, buy on dip
- 1 Hr Demand Zone - Bounce from Resistance - SL as mentioned in the chart - Broke the downtrend in Daily Frame
Broke the lower trend Trend reversal Bullish in higher time frame If it breaks high of doji candle, then buy Might take time to reach target, need patience
Sell only if it breaks - Inside Bar Candle - Follow price action
SHORT IF IT BREAKS THE BASE LINE - 750 - Right Angled Triangle formation - Gap Fill - Breakout TARGET - 739 / 732
Daily Demand is there at 1373 Has been consolidating after making high around 1600 Lot of foreign investors Aiming to be debt free company in coming months (Expected 2021) Risk : - Rights Issue - Huge Supply as there will be lot of shares - Earnings on 13th July 2020
- Daily demand and supply - Careful with earnings on Jul 13th
Buy at low and Sell at High - Its in range
Ascending triangle is a bullish pattern.When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary. Target - 1925
Safe Entry - 2220 - Less chances of getting triggered Risky Entry - 2261 - More chance of getting triggered Tips : If NIFTY50 indices appears green in Morning Session, activate risky trade else wait for the safe entry
Stock has been consolidating from past days. Wait for the breakout to happen. There is high chances of re opening of multiplexes, it will breakout towards up. Target will take months to reach. Have patience.
IF resistance breaks then there is a chance to the price to move higher. For past many week, that zone has been tested.. It acted as support Take long only if it breaks resistance!!
Inside channel, it if reaches demand zone then there is huge reward. Strict SL is required because it will break downwards after coming out of the channel!