BAJAJFINSERVE fut about to break out of an flag pattern on an hourly charts with decrease in OI suggesting further short covering which ll help lead to our targer.
Could be bought with mentioned stoploss & target.
HEY FRIENDS,
Here I am sharing my views on ELECTROSTEEL CAST (NSE).
First we understand the overall past structure of this stock as per ELLIOT WAVE counts.
The stock was in double correction phase in the Wave structure as WXY which is now completed and now we are in Impulse wave structure of 1-2-3-4-5, in which Wave 1 and 2 are completed and now we are...
HELLO FRIENDS,
Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart.
The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from...
HELLO FRIENDS,
Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern
it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor.
Flag N Pole breakout
The price is also trading...
Indigo on the verge of breaking out of flag pattern on 30 min TF with decent volumes.
Could be bought here or above 2120 with mentioned stoploss & target.
Gujgas made flag n pole pattern on hourly charts & broke above flag pattern with decent volumes, very good risk:reward trade.
Could be bought with mentioned stoploss & target.
Cipla Futures made flag pattern on daily charts & trading above breakout level with good OI addition of over 2.5% as well as trading above 9-21 MA & above middle bollinger band.
Could be bought positionally with stoploss of 1025 & minimum targets of 1075/1095
Gujalkali made flag n pole pattern on smaller time fram with decent volumes & its breakout confirms above 1020.
Could be bought with mentioned stoploss & targets.
Hello and welcome to this analysis on STATE BANK OF INDIA
On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500.
Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510.
Good Risk Reward set up here
