wedge pattern breakout happens and retested nearby support. If RSI above 50 and it sustain price tent to move up. (based on historical event) some negative: 1) nifty auto index is still in downtrend 2) from investing.com article: The demand momentum for 2-wheeler remains weak, attributable to the lower end of the income group being more impacted due to the...
1) TCS, breakout from level of 3400 and went up around 10% till date 31-08-2021. 2) Waiting for a retracement and if it took support at 3400 breakout level i will take a long target 1- 10% target 2- 20% sl- 7% REASON: NIFTY rallied around 8% in last 30 days in which TCS rallied 20%, consolidation or retracement is good for further movement. i just have 1 year...
Pattern breakout and tested support level (1700) Placed GTT in zerodha @ 1700, i miss the 1st chance (@ 1700) 1) Planning to enter if stock broke 1830 with good volume or 2) If it fails to broke 1830 waits till 1700
1) Wedge pattern breakout happen on end of previous month, retesting its previous breakout 2) Nearby horizontal support level at 3894 3) Average volume seen in past six candles 4) Broke the previous swing high I have placed GTT order @ 4150. If GTT not triggered on tomorrow, will move trigger price to 3990 (3.86 %) REWARD: 12% RISK: 7%
level to watch 700 & 620 approximate. if it took support at any of the given level i will take long position. fundamentally i believe its strong, need sector support too.
Midcap index fall 8 % from 5th august till now. parallel channel formation from 5th of august. Trend line support near 7000. if support taken, will take long position GRANULES and CAPLIN POINT Any suggestions please comment