As can be seen there is supoertrend support on weekly in Abbot India counter. Good 1:2 risk reward is available on this. Considering 7% risk limited qty can be taken and if it provides a small dip towards 25200 better risk reward is possible..
Earlier lifetime high is now support in Schaeffler india. This is good low risk entry. 3750 SL 5400 target
This is one stock which has honored weekly Supertrend for long time. A high probability good entry opportunity is available at this time.
A bullish flag consolidation at life time high is very bullish sign. Currently breakout has not occurred. It needs to be monitored.
A good breakout and retest of earlier all time high is seen in HCL tech. SL and Target on chart. since SL is close to 8% it would be better to buy on dips. This being monthly chart holding period can be from 3~6 months.
As can be seen CNXPharma has given breakout of consolidation after 4+ months. Probability of success increases if we find there is sectoral trend from index. This will give good opportunities in pharma stocks. Following are pharma stocks which have taken support on the weekly super-trend. These will give up swing in next quarter. List is alphabetical. . ....
Page industries has shown double bottom at earlier all time high. This makes it a good candidate for giving 50% return in next 1-2 yrs
We can see clear double bottom breakout and retest here. This retest is of significant level of earlier support and resistance of 745. Weekly 20 and 50 moving averages are rising and prices are very close to these ma. Good risk to reward is possible. SL is 10% so need to keep qty less. Caution Notes: Try to learn the concept instead of looking for tips. ...
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.
After good correction there is strength seen in this counter. Double bottom is confirmed here, this means now there is change in trend and now bias is up. buy on dips will be good strategy
It can't get easier than this... Support at Supertrend.
On weekly there is good support taken by bajaj hindustan. This gives a good low risk entry in this counter. Plan you trade as per super trend retest strategy.
Good triangle seen in silver. Breakout target is close to earlier resistance. Good 30% upside expected.
20 week ma also acting as resistance. Clear sell signal in polycab For people holding this is exit opportunity.
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.
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