20 months moving average is coinciding with level where serious buying is witnessed in Ethereum. Considering long-term monthly chart Log scale is used and targets and SL are marked on chart. If buy triggers, it can take 8 to 15 months to achieve this target.
After downtrend and long consolidation there is inv head and shoulder appearing on chart. This being monthly chart target may take 6=8 months. Target and SL on chart.
Good reversal signal in honeywell automation. All checkpoints are ticked.. 1. Downtrend before formation of reversal pattern. 2. Volume support at break of neckline. It is now buy on dips and targets of earlier resistances can be considered. -------- I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for...
Continuing earlier post on long-term count in Nifty. Wave 3 in longer timeframe has started. Also we are seem to be in wave (iii) of this wave 3 of long term. In coming months we can see corrective (iv) and final impulse (v) to complete wave 3. I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood...
Since 2021 DLF has been taking support of weekly supertrend. This time also it has done the same. Target and SL are on chart. Currently SL/risk will be high. One can Wait for dip to enter with small SL. --- I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for consistent results 3. For weekly charts,...
There seems buying interest in Exide industries at weekly supertrend level of 460. A good low risk long can be made here. Tentative risk reward is on chart. ------ I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for consistent results 3. For weekly charts, Target/SL takes 1-9mon 5. Strict SL is on...
A very good triangle breakout on bajajfinserv is seen thos can give good target. Since this is monthly i am keeping target open buy on any small dips will reduce SL.
Precision Camshaft is now re-testing 185 levels This use to be lifetime high and is very important level. If stock take support at this level we can expect good rally. Targets upto 688 can be seen.Current swing low can be considered as SL
Earlier resistance of 1150 can now act as support this level is currently also a super-trend level. Very good risk to reward trade possible at this point if Axisbank is able to close above 1160. Target and SL on chart
A verry long term triangular consolidation has ended in Dmart. Triangle breakout target 5100 SL 3600
Man infraconstruction is showing good buying interest at weekly supertrend. Has good potential 30% upside. SL and Target on chart. Similar setup had played out well in Carborundum Universal.
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