2 to 6 months
The first stock is IOB Indian Overseas Bank
If you see in the chart the price continuously taking a range between 33 to 42 level and the price rejection from upper side from 42 so many time. And finding a unvalid pattern, the currently stock trading at near by 34 above.
Lets see the support & resistance level. the strong support level is 33 and the other side resistance level is near by 40, and there is so many liquidity pending.
If the price taking a support level and forming a bullish candles aur bullish trend’s then good entry point or if you a cant see any kind of bullish candle or trends then wait for a retest the support level. then buy and the target price is pending liquidity or if the price correction the liquidity and retest the resistance level became a support and didn’t break then also good entry point for a long side.
2. The second stock is FACT
The stock price currently trading at 860 above and the price taking a support at the same level as last year in month of October. and the price as it is following. In the support forming a kind of a bullish candle formed like ‘Hammar’. The strong support level is above 800 and the resistance is 1030 level and there is much more pending liquidity, price should be correction. The entry point at this level current price level. and the target is 930 and if the price break resistance level and retest the 930 level then here is a second entry point and the target is 1050 if any bullish candle then buying. Other wise waiting for a Confirmation.
3. the third stock is Sobha LTD.
The price chart forming a good bullish chart pattern in a wave form. Lets see the support and resistance level. the strong support level is 1400 near by and the other side resistance level is 1550 above. If the price taking a support at the level of 1430 then here is good entry point. And if the price break this level 1410 then wait for taking a support level then buy.
4. forth stock is Nuvama wealth management.
This management company have a broking platform, and it is a very good interface in this app, and their broking app has so many more features you don’t need any other platform and it is completely free of cost. If you see in the chart the strong support level break and is taking a previous support level where the markets has seen many times rejection. And the breaking support is now resistance level.
If the price retested again where the price rejection then their good entry point and the SL is below the last rejection candle and if you see any bullish candle and bullish trend then entry with a small quantity and the target is you resistance level. Currently stock trading at 7100 below. And the resistance level is 7150 above.
5. FIFTH STOCK IS JYOTICNC.
THIS STOCK FORMING A KIND OF A BULLISH DOUBLE BOTTOM LIKE “W’ PATTERN AND THE DAY CANDLE CLOSING IS GREEN, THE STOCK CURRENTLY TRADING AT 950 ABOVE. LETS SEE THE SUPPORT AND RESITANCE LEVEL, THE STRONG SUPPORT AT THE BOTTOM OF REJECTION MANY TIMES THE LEVEL IS 900 AND THE 200 EMA SUPPORTING 995 LEVEL AND THE OTHER SIDE FIRST RESISTANCE IS 970 AND THE SECOND LEVEL IS 1040 ABOVE. IF THE PRICE CROSS THE FIRST RESISTANCE LEVEL THEN WAIT FOR A TOUCH THE SECOND RESISTANCE AND RETEST THE LEVEL OF 950 LEVEL NEAR BY THERE
IS A NECKLINE IF PRICE CURRECTTING THE LEVEL THEN BUY WITH A SMALL QUANTITY BUT AT THIS TIME KEEP WATCHING THIS STOCK. AND THE TARGET IS 1040 LEVEL.
6. SIX STOCK IS TARIL
IF YOU SEE THE CHART THIS STOCK THEN 230 TO 250 RANGE BETWEEN THIS LEVEL AND THE DAY CANDLE FORMANING A HAMMER CANDLE WITH A RED BODY, AND AFTER THAT FORMING A GREEN BULLISH CANDLE WITH A STRONG BODY. 385 TO 340 THERE IS A VERY BIG GAP AFTER THE RANGE BREAK. AND PRICE WANTS TO FILL THE GAP AGAIN AS SOON AS POSSIBLE. AND THE WEEKLY VOLUME IS ALSO VERY POSITIVE. HERE IS GOOD ENTRY POINT IF YOU SEE ANY BULLISH CANDLE AND THE SL IS BELOW THE REJECTION LEVEL 280 AND THE TARGET IS 370 TO 375.
7. SEVEN STOCK IS NIACL.
THIS STOCK IS ALSO REJECTION IN THE SAME LEVEL WHERE THE PRICE PREVIOUS DAY REJECTION, AND FORMING A KING OF A DOUBLE CHART PATTERN IN 4H TIME FRAME. THE STOCK STRONG SUPPORT LEVEL IS WHERE THE PRICE MANY TIME REJECTION IS 155 AND THE OTHER SIDE RESISTANCE IS 170 AND SECOND 180 TO 190 THERE IS A MANY PENDING LIQUIDITY IF THE PRICE GOSE UP THEN WAIT FOR A CONFERMATION TO ENTRY. THE BEST ENTRY POINT IS RETEST LEVEL IS 170 THERE IS NECKLINE OF THE CHART PATTERN, AND THE TARGET IS 190.
8. EIGHT STOCK IS RR KABEL
THIS COMPANY PROBIDING A ELECTRONIC PRODUCT ONE OF THE BEST LEADING BRAND OF INDIA. THE BEST PRODUCT IN THIS BRAND IS WIRE. THE PRICE RANGE BETWEEN THE 1300 ABOVE TO 1480 ABOVE, PRICE CONTINUOUSLY RANGE BETWEEN THIS LEVEL, CURRENTLY STOCK TRADING AT 1490. IF THE PRICE RETEST THE LEVEL OF 1480 AND THERE FORMING A BULLISH CANDLE ANY ONE THEN BUYING A SMALL QUANTITY AND THE TARGET IS 1600.
9. NUMBER NINE IS JK TYRE
THIS COMPANY ONE OF THE LEADING BRAND IN INDIA, IN RUBBER MAKING AFTER MRF TYRE. IF YOU SEE THE CHART A GOOD BULLISH PATTERN FORMED IN A BULLISH TREND AND THE WEEKLY CANDEL IS VERY BULLISH. Then buy with a small quantity and your target is resistance level.
Disclaimer this information is only for learning purposes and not for immediate investment in any stock based on it. The entire risk is dependent on you and this should not be considered as financial advice. Before you invest in any stock you must consult your financial advisor.