Tcs is trading near the trend line support. Also it is making some kind of a bullish flag formation on the daily charts. Buy the stock on the down trend line break on daily closing basis for the targets mentioned on chart.
This is just my view.... you are free to comment.
As per the monthly fibbonacci sequence , 3800 - 3900 seems to be the likely target for the stock this year . After that the stock may see a significant correction.
this is just my view..... you are free to comment.
It is observed that after a impulse wave pattern, the stock is trying to make a bearish flag pattern on daily charts. Sell the stock on lower trend line break on retacement for the mentioned levels. Also mentioned in the Charts are the possible price action . one can also initiate a sell on the stock at higher levels( sell zone ) on some kind of a reversal...
Asian paints has been respecting the price channel drawn on the daily chart for the last three years. Also if you notice , this stock follows a certain pattern . It falls sharply after touching the upper end of the channel and gravitates towards the lower end of the channel ( marked by oval shape) . after that it consolidates in between the channels and touches...
Hello fellow traders !!!
i am sharing with you one of my personal charts. There is a saying " Plan your trades & then trade your plans ".
Today i am just sharing with you my trading plan & the thought process behind it when i took the short trade in ceat @ 1310.
(1) The stock was in a clear down trend.
(2) The price got rejected from the sell zone marked on...
Explained on chart.
Bullish flag formation needs confirmation .( decisive break of upper down trend line ).
Standard disclosure.... I am not god( just kidding ) .... i may be wrong ....trade according to your own risk management .
happy trading !!!
Nifty seems to be forming a head & shoulders pattern on daily charts. sell on break of neckline for the targets mentioned on chart. This is just my view.....trade according to your own risk management.