About mePursuing CA,
I'm a Swing Trader and Index Investor.
I used to trade in breakout/breakdown. Primarily dependent on Demand and Supply zones and i use CPR indicator to confirm my trades.
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This scrip had recently given a breakout from a ascending triangle pattern and now this scrip had rejected from All Time High. So one may find long opportunity in thi scrip if it broke the All Time High and may hold it for some weeks based on the price action.
This scrip is at the breakout stage from a symmetrical triangle pattern. This scrip has also broke the EMA(20, 50, 100).
Do long this scrip only if today day's close is above the resistance, if not just ignore it don't trade. Swing traders consider this trade and msy their SL below the pattern's support with first target of Rs.753
This scrip had broke the supply zone, hits an All Time High and took a retest in the supply zone as well as in Monthly CPR. I do expect a bullish move in this scrip in coming weeks.
I do recommend this scrip for Swing traders who may hold this scrip for some weeks. Do follow strict risk management and maintain pre determined SL and Traget as nowadays many scrips...
This scrip had recently broke the wedge pattern and it had restested it too. Previously this scrip took support at 50 EMA.
Swing Traders may consider this scrip short this scrip after analysing it if closes below the 50 EMA. May have your SL above the pattern support and target of 100 EMA
This scrip had broke the supply zone and it had Retested it too, perfect set-up to long this scrip. Swing traders may consider to long this scrip and may have their SL below the supply zone or beloe 21EMA. Have first target of Rs.1100 (11%)
This scrip had broke the expanding channel pattern and there may be a moderate bullish move in this scrip.
Do consider this scrip for swing trades, may have your SL not more than 5% and try to add up more quantities during pullback.
This scrip had recently broke the major trendline and in last trading day it closed just above the 200 EMA. Just wait for the scrip to break 200 EMA and then take a short position, i expect there may be a pullback to 200 EMA and then it may continue to fall.
Swing trades may add this scrip to your watchlist and enter trade with smaller quantities then go on...
This scrip had recently given breakout froma triangle pattern and in last trading session it broke its All Time High. I expect a consolidation because of some profit booking and it may continue to be bullish over next few months.
Swing traders may consider to long this scrip, start with small quantities and increase when it consolidates to average it.
As this is...
This scrip had formed Inverse H&S pattern and it is trading between the Monthly CPR range. It had rejected from the TC two times and now there's a high possibility of breakout.
Swing traders may consider this scrip to long.
This scrip had recently broke the trend line and now it had aslo gave breakout in wedge pattern. This scrip had also broke the Monthly CPR support and price rejected at support but aslo took support in Weekly CPR support, in simple terms it is trading between Monthly CPR support and Weekly CPR support.
Do consider to short this scrip and short if price sustained...
BRITANNIA had recently broke the symmetrical triangle pattern and it had also broke a resistance with good volume. Do watch this scrip and long if it had broke major resistance because if you enter now RRR will be poor as the first target will be the major resistance and it is very close.
This scrip is being traded in a Ascending triangle pattern for past one year. This scrip had shown a momentum to Breakout but now it is trading near to the pattern's resistance. There can be a big up move if it broke above the resistance with good volume.
Wait till the week to close and consider it for swing trading.
This scrip had recently brokeout from the wedge pattern and it had Retested it two days back. It had also formed an hammer pattern near the Monthly Pivot Point which is a bullish signal.
So do consider going long in this scrip if price closes above Rs.230 with a target of Rs.310 which i think could be achieved in two months.
Nifty is trading near the Weekly CPR resistance, as this is the last trading day of the week we might see some consolidation today. Even if nifty Crosses above the resistance there won't be much bullish momentum today.
SUNTECK REALTY had given a breakout from a symmetrical triangle pattern three weeks back and now again it is retesting the resistance level. So if this scrip had traded above the resistance during this week, we may look forward to long this scrip on Friday evening and may hold it for some months for better rewards.
So swing traders who had missed the opportunity...
DR REDDYS LAB had formed an ascending triangle pattern in 1hr timeframe but it is taking resistance from the Monthly CPR. So consider going Long in this scrip when the candle closes above Rs.4835 in 1hr timeframe. I expect this scrip to reach Rs.5000 in next few days.
So as usual, do analyse on your own and go long and may have your Stop Loss based on your risk...
COLGATE had recently broke its All Time High and that previously acted as a support and now again this scrip is trading near the support zone. We may expect the same outcome from here too. This scrip is also trading near the Monthly CPR support which indicates there might be some up move from here.
So go long only if there is a strong bullish candle in support...