Balakumar_Anandan

Balakumar_Anandan

its have been trading inside a parallel channel. after the good upside momentum it has corrected steadily and has taken support on the support trendline. looking good for a long trade with 610 or 600 as support with respect to the TF. place the targets according to the TFs

Balakumar_Anandan

after the bullish movement during oct-2024, it has corrected significantly and is now near the 0.16 range almost near the start of the previous bull trend. Have taken support on the 200ema(weekly) higher highs and higher lows are still intact.

Balakumar_Anandan

after the move in the previous bull run it has corrected significantly and is now trading near the support zone. looking good for investing and also for a short term swing trade

Balakumar_Anandan

gave a rectangle zone breakout. banks n financial stocks are doing good. 63480 and 65900 is very much possible in coming months banknifty also gave a good close in weekly. look for stocks with good entry level or low risk entries, dont go all in this lvl, analyze and split and infuse the capital accordingly. good swing trade times ahead :)

Balakumar_Anandan

after falling significantly from the highs, it has taken support and has formed a triangle pattern. a good close above might trigger a up move. wait for the proper breakout and put stoploss as per the nature of the trade #pvrinox

Balakumar_Anandan

In daily TF it looked weak. in 15 mins it gave a reversal from the 200ema. i have shorted it with targets 590, 570 stoploss - 606 above close in 15mins or 5mins. lets see how it goes

Balakumar_Anandan

It gave a break out last july moved a bit with good momentum came down, retested and took support on the trendline. weekly and monthly (with higher highs) looks good for a positional trade/ swing trade, with this swing low as stop loss. ( or can keep the stop loss with respect to the time frame and nature of the trade) #balramchin

Balakumar_Anandan

Longterm View It has reached the covid fall levels and is almost around 0.5 fib retracement level. looking good for long term. can buy in small small chunks between zones 1000-1300, rather than going all in at the same time. major resistance going forward will be arnd 1660 lvls above that 1900 & 2100.