As you can see, M & M has broken its strong support of 740. Last many months it has taken support at this level and gained significantly. However, yesterday it has broken its 740 support and today it retested 740 and again fell down. Therefore, we can short sell this stock for the targets of 702 and 685 which should be its next support which are last 2 red lines.
Sbi was in consolidation phase since may 2021,
and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band, and finally in yesterday's trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned...
The stock has broken out and looks to take support and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA .
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under...
Competent Automobiles (CACL) was incorporated in 1985 as a private limited company and was converted into a public limited company in 1994.
CACL is a part of Delhi based Competent Group, promoted by Shri Raj Chopra. The profit making company, since its inception, is engaged in automobile business. Presently, the company has two dealerships of Maruti Udyog - one...
Note: This is just a paper trade.
Daily: broke the descending triangle or falling wedge, with above average volumes.
entry = 1652 INR
SL = above 200 EMA (1727 INR).
Target = 1532 INR (next support zone).
RR > 3
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
SL is placed below major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal