2 months to 6 months
The first stock is NTPC in the chart forming a bearish chart pattern in double top and market already correction in the neckline and after that market trend down by 30 point, due to the bank of Japan increasing interest rate but no significant decline was seen. And it is a very good chance to entry in this stock.
The second stock PCBL
This stock falling from the level of 420 near by and the last support become a resistance now 340 near by and the next support seen in 240 to 250 near by there so many liquidity pending in that area if the price correction at this level of 240 and if you see any kind of a bullish candle or strong body then buy with a small quantity and your Sl should be below the resistance level or candle low and the target is 1:2 or 1:3 and if you didn’t see any bullish candles then do not entry in this level.
Third stock is APOLLO HOSPITAL
If you see in the chart then price taking a support at 7070 near by and at this level price didn’t break at this level there was a very good entry point here but if you didn’t see any bullish candle then not to buy if you see any king of a bullish candle then buy. The resistance level is 7150 near by there was a heavy selling zone so if you see any bullish candle then buy and your target is 1:2 or 1:3 and you SL is below the support level.
Fourth stock is COAL India
This stock price repeatedly face rejection near the 400 level as a resistance, but it has now the break and resistance become a support and currently price trading at the same level and didn’t break but in the upper side day candle forming a bearish Inverted candle and closing with a red candle. If the price break in support then wait for the retest and the other side if the price didn’t break and forming a bullish candle then there will be good entry point. And your SL should be below the support level and your target is 1:2 or trilling a 1:3 that’s it.
Fifth stock is Indigo
In a few days ago indigo, due to technical system failure all flights delays and drop of 100 to 150 points in the stock price. And ,broken below the strong support level and it is become a strong resistance level and the other side of strong support is 4950 near by if the price taking at the support in this area and didn’t break and forming a bullish candle then there is a good entry point. Your SL is below the support level ,and the target is 50 to 60 point. 1:2 or 1:3-4.
Six stock is Bajaj Finseve
This company providing a finance and instant loan service but this loan service is too high interest rate starting with a 24 %. If you see in there chart in month of November forming a bullish Morning Star candle after that price growing up and taking a support 2100 and 2100 to 2000 creating a range between this area and middle of the December price breaking the range and goes down.
Clearly showing in a 2000 level heavy selling pressure and price trying to taking a support where to forming a Morning Star candle. If the price range in this area and forming a any bullish candle then there will be good entry point and your SL should be below the Support level or candle low and your target is 1:2
Seven stock is Canara Bank Ltd.
Lets talk about support and resistance the strong support is 145 and the other side of resistance is 150 above both support and resistance is very strong level and the price trying to break resistance level, the stock price currently trading at near the resistance level if price breaking the level then don’t be entry too early because market trying to trap at the resistance level, if the price taking a range in this resistance level and forming a bullish candle with a strong body then buy .with a small quantity and if you looking for a future option then entry with a very strong conformation otherwise do not entry.
Number Eight stock is Trent
Best to entry in this stock, if you see in the chart 5 min to 1h and 4H ,candle forming a bullish candle Hammer and also in the chart forming a bullish chart pattern in Double bottom like W form. Lets talk about support and resistance level the support level is 4180 in this area market was retest and the same as it is supporting at this level and near by chart pattern Neckline here is perfect entry point. And your SL is low of Hammer candle and trilling with 4300 level.
Number nine stock is LT
As it is same condition in the LT chart forming a bullish chart pattern W and followed in a chart pattern and successfully retest in the neckline candle and all candle was a bullish closing.
Lets talk about support and resistance level 4000 to 4030 near by strong support level and and the 4050 also and the other side strong resistance level is 4060 level if the price crossing the level of resistance and retest the same level and forming a bullish candle with a strong body then absolutely good entry point at this level and the SL is below the Candle low and the target is 1:2
Disclaimer we are not to responsible any investment based on this article. And we are not providing a investment idea or Tips. If you thinking a invest in a stock then consult your financial advisor to right decision making investment. Otherwise back of the market. Option are highly risky. If you didn’t know about then loss guarantee, and we are not responsible for this, this article is only educated purpose only.