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Positional

Sterling tools near its supply zoneStertools has been on a downtrend since 2018. The stock has made a double bottom and currently at the neck line which is very strong supply zone of 250rs-260rs which coincides with 38.2% fib level. If the stock manages to give a weekly closing above 250rs and sustains the same in the following week, we might see a big upmove in this stock. Keep this stock in radar for a good positional trade since volumes have increased in previous few weeks
NSE:STERTOOLSLong
by chartistamey
CHF/CAD FOR POSITION TRADINGHello traders. This is the CHF/CAD monthly chart. I just want to show you a potential opportunity in which long-term traders can, perhaps, establish long-term short positions. As you can see in the chart, the pair has been on an upward trend since 2007 and we can draw an upward trend line connecting exactly three touches. But the price has broken the trend line and the price is in a short-term downward trend. But be careful, we still don’t have a confirmed downward trend on the monthly chart. To confirm the downward trend on the monthly chart, we need to wait for the price to make a minimum of two lower highs and two lower lows. The first sign would be if the price breaks the most recent low of 1.2600. In that case, we would get the first lower low and more confidence regarding the bear’s long-term outlook. Of course, after that we have to wait for another lower high and lower low for confirmation and if we get this we can establish a short position. But keep in mind that this would be position trading, and in that case your stop loss would be far away, so this may not be appropriate for scalpers and day traders. Also, the realization of this scenario could take months, but it is worth monitoring. And one more thing, just because the trend line is broken doesn’t mean you should sell right now; if the higher low at 1.26 isn’t broken, we’re still in a long-term uptrend on this pair, but in a retracement mode (or sideways consolidation). Trade safe, Merjem
Short
by merjemascerija
Asian Granito (A Potential Multibagger)Price bounced from long term support and also at key support level as confluence. Turn around potential is visible fundamentally. Accumulate at current levels for a multibagger return in long term. Medium term swing target @ 150 (110% ROI) Long term positional target @ 250 (255% ROI) Long term positional target @ 600 (750% ROI) near its ATH. Do your own research before investing in this company as promoter's holding is low. Promoters have started increasing their holdings since DEC 2021 quarter. Company is fund raising for various expansion plans. I am bullish on this stock. Peace!!
NSE:ASIANTILESLong
by Swastik24
CROMPTON GREAVES - SHARK PATTERNThere is a Shark pattern formation on the weekly chart of Crompton Greaves. The Stock has been holding the first Prz zone of the pattern for the past many weeks. There are many ways Shark pattern can be traded, I am sharing the easiest method that I follow mostly One can Enter a limit order to buy between the 88% and 113% retracement levels. (looks for positive price action for confirmation) 1st Prz : 370-383 2nd Prz : 330-332 Stop loss at the 127% extension of the XC leg. SL below 310 levels Type of trade : positional Disclaimer : Trade at your own risk.
NSE:CROMPTONLong
by manuagarwal21