Hi traders,
Lupin has given a good opportunity after staying in a tight range for good amount of time. Now, as we can see that Lupin has given a re-test and the previous resistance has become a support.
I have already initiated the position at 1175 with a stop loss below the support i.e 1167.
1st target: 1205
2nd target: 1220
The Reward-Risk is 5:1...
In EDELWEISS FIN SERV , A fine ascending triangle pattern is formed. It has already given a breakout from the resistance level with good volumes.
A good amount of accumulation has been observed with the help of volume profile which suggests that strong hands are making positions in the stock. So, we can expect a good move in EDELWEISS FIN SERV. The stock has...
BUY AMARAJABAT @722 levels
Its a Triple Confirmation Trade:
i) Parallel Channel Breakout (Inside range since Aug 2015)
ii) Volume profile indicates GOOD ACCUMULATION taking place in the stock
iii) Ribonacci Retracement (Near 0.5 Level)
I have initiated the position and will add more at FIB (0.5) i.e. 690 levels. It's a stock to hold in your portfolio for long...
