Joassh

Joassh

NSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh

In the previous post we saw that NSE:PNB has been for a resistance zone, now the zone has been broken out and the stock is running in profit. We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis...

Joassh

NSE:MOTHERSON has formed a inverted flag and pole pattern. Once it breaks out with good volume and strong candle the stock could be traded. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh

As discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade. We have discussed this more on our previous post. You can view the previous...

Joassh

NSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected...

Joassh

NSE:JSWSTEEL has formed a triangular pattern and is breaking it now. The stock can be traded if there is strong volume and a bullish candle and a Risk reward ratio of 1:1.5 can be made from this trade. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh

NSE:ICICIBANK has formed and is moving inside a triangular pattern. This can be traded on breakout Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh Updated 

In the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it...

Joassh

NSE:PNB has formed a small resistance zone in 1D TF. The chart though is in downtrend has formed a resistance zone which can be used in near future. This stock can be traded with multiple confirmations. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh

NSE:IRFC is near a demand zone and the stock can be traded once it breaks out. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades

Joassh

NSE:BPCL has been playing near a support zone and has broken it and is moving downward. But now if we see a little bit into the past we can see a long wick which represents the power of sellers at that point. So going into this trade is little bit risky. If you want to trade this setup kindly use multiple confluences. Do share the confirmations you are looking...