After good long correction this stock is showing strength. 1. Earlier resistance of 390 levels have become support. 2. Good buying volume 3. Retest of bullish super-trend SL being 17% qty needs to be controlled. However considering RR ratio of 5 I would keep it on my watch to buy on dip. Target and SL on chart.
In past we have seen that there is buying support at weekly super trend levels. We need to wait and see if this time also same is the case.
If it closes above 1470 on Friday the breakout will be confirmed. Target 1850 SL 1420 It is now trading at life time high, this may be start of longer-term trend.
A good 1 month consolidation is now showing sign of breakout. A good flag pattern is seen on the chart. Target and SL on chart
Very good entry point on Nestle india. 1. Uptrend stock 2. Support at weekly 20ma 3. support at weekly super trend 4. good RR ratio
Yes. ! Super trend. If we know how and where to use this indicator, you are sure about getting very good trade. It ensures 1. Low risk 2. High returns and at times real big trend So how to use it? 1. Prefer larger time frame to avoid noise. I use weekly. 2. Once super trend is green wait for pullback towards super-trend. 3. When supertrend acts as...
Many times it is not easy to spot the pattern in candle stick. So comes handy to view charts in line format. Also to have a satellite it is better to also keep track of monthly chart. We can see there is clear triangle breakout in this line chart. One can even consider it as a Pennant at this scale.
Maruti ready to fly to new highs. Earlier lifetime high of 10k has now become support and there is positive momentum. We can see good retest of supertrend also.
Based on ascending triangle pattern breakout target of 32k is possible. We can see very good setups of supertrend playing out here. SL 22K
There is clear higher lows formation seen after about 2 yrs of correction phase. 20ma and 50ma on weekly charts have started showing upward direction. Buy above (600 levels) is good resistance level. Targets and SL are on charts. As I see lot of new followers thought of adding Caution Notes: Try to learn the concept instead of looking for tips. ...
After giving all time high of 335 levels we have retest of the same level. Its taking regular support at 50ma. SL T1 T2 on chart
A verry long term triangular consolidation has ended in Dmart. Triangle breakout target 5100 SL 3600
Here there is breakout and retest of all time high. Supertrend retest also seen Good low risk entry possible.
If this is wave 3 than next 2yrs we can expect a stronger bull run... Wave 2 was a shallow correction so expect a deep and sharp correction in wave 4. This may come after june 2024. There is longer term cycle also playing out which can be seen in linked idea...
Yes. ! Super trend. If we know how and where to use this indicator, you are sure about getting very good trade. It ensures 1. Low risk 2. High returns and at times real big trend So how to use it? 1. Prefer larger time frame. I use weekly. 2. Once super trend is green wait for pullback. 3. once price reverses from nr super trend enter. (I would wait for...
A good reversal breakout in Divis lab. long time resistance of 3900 is now broken a very favorable risk reward setup for long position. SL and targtes on chart
A very good risk reward setup in Ashok Leyland... All time high is broken and also retest done. Also it is taking support nr weekly 20sma. It will show good momentum once new all time high is made.. Tentative SL and target marked on chart.
Time for caution in Small cap index. We are at 3.618 Fib extension level. When we attempt to do wave count we can likely see end of wave 5. Also we can clearly see RSI divergence here. While it will not be good idea to buy at these levels. it is better to look at pocketing some profits.