Retracement to 50% from the latest swing high and RSI bouncing from 50 zone concludes a healthy trend so far A buy could be generated above 650 with a StopLoss below 600 DCB and a TARGET of 730/760 looks achievable in the neat short term. DISCLAIMER: Educational View
Trade Setup: Weekly: Inverse HnS pattern breakout with volumes (highest volumes since its inception). Broke the longterm trendline (in Red colour). Daily: 20EMA > 50EMA > 200EMA (golden cross). Entry = 615 INR (accumulate until 580 INR) SL = 570 INR Target = 722 INR
Bullish Belt Hold Pattern activate above 600 Close 1 Day Target 630, 660 SL: 570 Close base 1 day Risk is yours and Reward is too yours totally Time Frame : 15 days max
Horizontal Resistance Trendline Breakout
Godrej Agro - riding the bandwagon of Godrej Group. consolidating in a good range of 475-560 for atleast six months now. I would be bullish once weekly closing above 560. Weekly 5/20 EMA Crossover - Tracking quantity can be bought. SL below 475. DISC: Not a SEBI Registered. I post charts for my own study.
Bullish reversal buy @ D level risk reward 1:3
on weakly chart the stock has given a breakout on weakly chart, and after the breakout, it has also retested the channel and is trading above strong support of 530, one may enter the trade with a SL of 525 for the target of 600, 740, and then the sky is open.
the stock has broken out of the channel, seem the stock is poised for a good uptrend.
risk to reward ratio is 1:1 . if anyone interested . high delivery since last few days
Simple Setup Stock falling from Sept 16th 2020 But with low volume. Long wicks at bottom are more. More than 20% of candle body. on 25th Sept touched around 9EMA. Today was a breakout above 9EMA around 504 levels If close today (28th Sept) above 504 then we cn buy for a 20 to 30 Rs move. 15Th candle was the first target. ATR too falling. In the process...
SL compulsory