100% gain within a month time. So the Flag Pole fulfills the strict condition of a straight line. Now a perfect Flag is forming at the top. Bears are holding onto 200 Calls. A breakout above this will take price towards 220-5 and the move will be sharp.
Buy 139-40, Trgt 148, SL 2 points (if bought at 139, SL 137).
Rationale: Momentum will increase above 100 DMA (138), Strong OI support at lower levels, 200 DMA (150) is mild resistance.
Please note that MAs plotted on this site are not standard ones.
First target of the pattern at D is done, it seems. Now if 200 DMA provides support, bull may become active in this counter. A good investment proposal having SL at 200 DMA.
generated a buy signal in the ADANIENT
FINANCIAL WISDOM: There really is a Holy Grail, a perfect trading method that generates amazing results. It's called educating yourself..
NSE:ADANIENT CLSA has downgraded its rating on Adani Enterprises BSE -1.43 % to 'sell' from 'underperform' due to continued margin pressures in its mainstay coal trading business and potential write-down at its Carmichael coal venture.
"Coal trading Ebitda for 1Q was less than US$1/t (Rs60/t) - down 76% YoY, with segment profit at three-year lows. ADE (Adani...
DIS STOCK IS NEAR IT'S LONG TERM SUPPORT LINE SO WE SEE SOME NICE RISK REWARD BUY SETUP HERE.ENTRY STOP LOSS AND TARGET GIVEN ON CHART.
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KING999
SO FAR SO GOOD KEEP YOUR EYES ON DIS TRADE SETUP ONCE TREND LINE BROKEN WE TAKE SHORT ENTRY IN THIS STOCK. SELL ONLY IF TREND LINE BROKEN .THERE IS THREE TARGETS WHICH MENTION ON CHART.
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TRADE WITH CARE
REGARDS
KING999
