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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

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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.

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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.

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After long under performance L&T is going to get re-rated and likely to give a dream rally in next 2yrs.. even 7k may be on cards..

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Nifty / USDINR chart gives idea of how indian market has behaved in terms of international valuation. When we see long term chart, we can see that Nifty has not made all time high in terms of USD, we also see that a significant top provided resistance at later date. Considering this will we see resistance after another 5~7% move in nifty. Let's observe how...

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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. ...

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After consolidating for more than 1 year Tata Elxsi now seems ready for next upmove. Good technical signals are 1. Resistance of 7150 region is acting as support 2. 20 and 50 moving averages are rising and giving support T1, T2 and SL are no chart.

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Risk in simple term means possibility of unexpected outcome ie "Something happens as A Surprise..!". Surprises are positive as well as negative. Negative surprises are known as risk. However, positive surprises are opportunities So we must always speak our risk and opportunities at same time when discussing risk. We invest in risky assets for positive...

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Good opportunity for next 6 months holding. 20SMA started to rise hinting of correction is nearing completion. Target can be 7000 which is all time high. SL 4400 can be considered

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Polycab has given very good rally. Now we can see that on monthly chart it is trading at very far from 20sma. On daily it is showing breakdown of rising channel. It is now likely to go in consolidation/pullback phase.

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Pattern seems good for Cup and Handle however, buy will trigger only if weekly close is above 46. SL may be kept at 34~36 level.

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Poonawala fincorp has given breakout and currently giving retest of breakout level. Good low risk high reward setup evolving. SL 330 Target 440.

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End of correction is seen in ABFRL. This reversal pattern is seen nr 200ma and has very high success rate at such support area.

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To explain this concept I would like to use analogy of weather forecasting. Consider you are living in Mumbai and you are suppose to make following are 3 weather forecast: 1. Will it rain on 2nd August at 1:15PM ? 2. Will it rain in first week of August ? 3. Will it rain in month of August ? Equvivelant in stock time frame is 1. Will price move up by 1% in...

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This candle stick pattern on nifty daily chart has very good success rate. For dragonfly to succeed we need 1. Existing down trend. 2. Dragonfly doji formation. 3. Break of dragonfly high. Third condition is what we need to track today. Also, if we gap up today than it can be a good candidate for abandon baby pattern.

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After breaking lifetime high in December. The resistance has become support now. Now this stock has retraced at same levels and has shown strength inv Head and shoulder is formed at this key level. SL 530 Target 725 and 900

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Lot of confluence seen on this chart. 1. Good break and retest of resistance which is used as SL:200 2. Retest level co-inside with 20ma and 200ma 3. 20ma is rising so we are in buy on dips mood. (as discussed in earlier moving average post) 4. Earlier resistances 250 and 280 are now our target 5. Good volumes in green weeks means good buying at lower levels.

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There is very good triangle breakout seen in UCO bank on weekly chart. Likely targets are 35, 40 and 44 SL 27