Ajanta Pharma - Swing Trade Setup - SHORTExplained everything in the chart, Let me know if you have any question?
RELIANCE
LT - Rady for next bull runBullish divergence found in LT on the daily chart. Confirmation is above 1545 with 1495 sl. Next run will be huge on breakout
Beml - Possible long from Their Support Beml has following a particular behavior from a long time. Stock is always pull back from their day support. Long Idea is based on it
RELIANCE INDUSTRIESRELIANCE INDUSTRIES Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
Possible short opportunityReaching Monthly Trendline 1270.40 possibility of going short, entry on retest.
RELIANCE - Volatility Contraction Pattern observed#RELIANCE
CMP 1140
Long suggested above 1145.
Stop 1095.
Target Open
Logic:
#VCP
#VolatilityContractionPattern
Perfect VCP accompanied by Volume behaviour as well.
Reliance forming triangle apex.Symmetric triangle at apex. Second time with in YTD.
Upon downside breaking can target to 1030 and upside 1220. Stop loss place just outside triangle.
Straddle may prove to be cost effective.
