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Longtrade

PowerGrid breakout candidatePowergrid is on the list of gainers, today, and I also discussed this post in my previous posts, the stock looks good on all the timeframe and they are in alignment. On the hourly chart, it closed near the trendline resistance, since the higher frames are positive, I am expecting that we might see a breakout tomorrow and it could be good intraday for tomorrow, the next resistance I see is around 232 levels, stop loss can be placed below 226 levels. Risk reward might not be favorable for intraday trade, but for swing, where the stock could move up to 240 -242 levels, it could be a good RR Trade.
NSE:POWERGRIDLong
by manuagarwal21
1
Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also retesting it very smoothly on low volumes supporting the view for a long trade for swing. The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels. There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits. PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon. Trade accordingly :D #Happy trading. #PurePriceAction.
NSE:TIRUMALCHMLong
by dhirengandhi16
Tezos XTZ 40% Move to new ATHs Fib Ext Pull and Fib Speed Resistance Pull Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension for fresh ATH and potential continuation . The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618. or even before given BTC potential volatility. Of course determine your own entry if you cant wait for that potential prospect. ****Please also note that any ALT setup regardless of how strong it is can be destroyed by aggressive BTC moves ***** Another observation I want to make is that the areas I have highlighted are where pullbacks have occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April . Im not suggesting that come the end of May we will see the same but its worth noting and just a pattern that I noticed had played out throughout this year . Also each major correction has pulled us into the .382 speed fan resistance or close too it . Ensure that you have a trading plan with a clear invalidation and SL Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
Long
by SJTRADESFUTURES