techmental_AK

techmental_AK

Observations on the chart Trade plan - buying zone : 807 to 860 weak below 690 zone looking for 940+, 1190+ tentative trade duration : 1 month to 6 months

techmental_AK

Potential Breakout Candidate Buy on a pullback around 190 Weak below 176 Look for 212+ / 223+ Trade Plan for study purpose

techmental_AK

Prevailing UP trend was on a PAUSE MODE Accumulation signs observed Bullish flag pattern identified Breakout of the bullish flag has opened a good upside rally projection All the levels mentioned on the chart

techmental_AK Updated 

Observations : 1. Airtel has been moving downwards for a few weeks now. 2. It has tested and respected 200-EMA multiple times (more than 5 times) in such downfall 3. It is currently trading around 200-EMA 4. Volume dry up and loss of momentum can be seen, Usually it is followed by a spike in volumes and a super-move (either side) 5. After looking at candles and...

techmental_AK

TRADE PLAN : for 3 to 15 months Accumulate between 510 to 560 Place SL below 390 - day close basis Look for 690, 850, 1000+ Risk of 110 points, rewards of 130, 350 & 500+ points (do your own analysis)

techmental_AK

HIGH PROBABILITY of breaking OUT above this channel and then BREAKING ABOVE the supply zone too With a calculated risk of 20/22%, one can take-up a long position for approx. 40/50% gains in coming months (3 to 9 months) it is a good investment opportunity (for me), do your own analysis Thank you

techmental_AK

BUY ZONE : 4800 to 4900 Can look for : 5600+, 6400+ View not valid if DAY CLOSE below 4220

techmental_AK

accumulation around CMP (around 2080) can be a good idea Weak below 2020/2030 zone Can look for 2150+ in few days/weeks If breaks above 2200, rocket LOW RISK HIGH REWARD SETUP

techmental_AK

Buying around 205

techmental_AK

Levels on chart

techmental_AK

Reasons to buy for swing : 1. Broke out of falling wedge 2. Reversal from Fibo 50% 3. Decent RRR of 1.90 4. Overall bullish structure of market 5. Prevailing up trend in Cummins E 835 T 890+ S 808

techmental_AK

1062/1065 buying Weak below 1057 Looking for 1078 RRR 1.5+

techmental_AK

Sharing a trade setup for study purpose