#SKFINDIA #NIFTY #BANKNIFTY #Iot #IT #NFT #ML #muhurattradingSKF India Ltd.
NSE:SKFINDIA
NSE:SKFINDIA
CMP: 3519
Target 1: 3800+
Target 2: 4500+
Time frame: <6months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
RELIANCE
Caution on Reliance - time for retracementReliance may retrace back for sometime. But if the current price behaviour is kind of climax buying, we can expect a gap up on 11th and price may stay sideways for few weeks. We will know whether Reliance is at its climax or for retracement from the price behavior next week.
Lalagi, Entering In Consolidation ? Weekly wrap Nifty50 27thSeptFirst step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty 50 : Trend is down on short term - Sell on rise.( See video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade