Trendline trading - simple and scalping
Ascending triangle pattern - breakout - good for long - Banknifty needs to support.
Wait for the break any side on Fib Retracement levels - Still in Channel
Swing trade to 203 - duration 2 days.
Pattern breakout is good, but logically the share is weak with Quater results coming out, first things first - the share lost almost 75% of its value means 1200 point lost and that will be a dent on profits. Lets see.. Still bearish as per logic and short bullish as per pattern breakout.
Breaking 990 will be a downtrend - long only after crossing EMA 200 on 30 min time frame
Looking for long in this share with 50 point stop loss and 300 points target
Good to buy at 1634 or EMA - 200 resistance - at 30 min time frame. tg - 1800 - by May first week.
Bajaj Auto - looking good to go long from 2400 with a stop loss of 2200. Tg - 2800 - tg 2 - 3000 - time frame 30 days.
Breaks the trendline - tg 480 - stploss - line
We may see maruti getting back to 5000 mark was a support. if the market trend is negative auto stocks will fall.
Just helping lines - #trendline for the #banknifty everyone's favourite stock to deal with. Check the resistance and support created with trendlines. #bankniftystrategies
Watch the video to learn basic about the trendlines of how to draw these and where you can find the support and resistance. (Sorry I don't rely 100% on indicators) Hope you find this useful. Thanks MK
Coal India - long term - Channel Pattern - tg 160 - 10 days - so - break of trendline or 140