Nifty Might see some correction to 15600 to 15350
entry can be initiated at 1894 with stoploss of 1885 target 1911 . CONSERVATIVE TRADER CAN ENTER ON THE BREAK OF THE FALLING BLACK TRENDLINE. eNTRY REASONS ARE QUOTED ON CHARTS.
buy eicher motors with a stoploss of 2387 for a short term target of 2690 and 2980
Long opportunity on bajaj auto- Reasons- 1)trendline support 2)fibonoci 61.8 support 3)flag pattern breakout 4)double bottom formation with rsi divergence
Head and shoulder breakout in exide india. Buy for long term.
Range Breakout with Very large voume
SHORT TERM INVESTMENT OPPRTUNITY ON ESABINDIA Esabindia had given a multi year all time breaakout on 14/12/2020 but then price consolidated in a range forming a type of decending triangle and today on 03/02/2020 given a new breakout with above average volumes.
Reasons- 1)price at Channel line resistance 2)double top pattern formation at channel resisitance 3)bearish divergence and break of necline of 14200
A HIGH PROBABILITY INVESTMENT OPPORTUNITY IN SUNTV WITH RISK :REWARD RATIO OF 1:2.6(HEAD AND SHOULDER FORMATION, TRENDLINE BREAKOUT AND MAJOR RESISTANCE BREAKOUT WITH ABOVE AVERAGE VOLUME.)
A LONG ENTRY COULD BE TAKEN WHEN THE PRICE BREAKOUT OUT OF THE BLUE TRENDLINE.
ASCENDING TRIANGLE BREAKOUT ON WEEKLY CHART WITH ABOVE AVERAGE VOLUME ALONG RSI TRENDLINE BREAKOUT SHOWING INCREASE IN MOMENTUM.
short term long opportunity BSE LTD based on formation of Head and shoulder pattern and neckline break with heavy volume. target 1 720 and target 2 850 and stoploss 530
SHORT TERM LONG OPPORTUNITY ON GOLD REASONS- 1)PRICE TAKING SUPPORT ON SUPPORT ZONE 2)A MORNING STAR PATTERN FORMATION ON DAILY CHART AT SUPPORT 3)50% fiboniacci retracement 4)break and retest of previous swing high on 1 hour chart 5)break of small trendline 6)small head and shoulder formation on hourly chart