Price touched a new high & fell to retracement/retest level 0.23% & on Wednesday made a green candle but with a wick at top a indication of reversal price took support from 20 DEMA & On 10-4-2024 10-DEMA support taken & on day time frame on line chart you can see stock forming a "INVERTED HEAD & SHOULDERS" pattern & confirmation on 771.80 above price sustains, On hourly basis price in a 100 points range & immediate resistance at top so let it break once; so for tomorrow i.e. Friday 12/4/2024 if price sustains above 746 then 757-763.55 tgt level can be seen, if price goes below 734 then can fall to another 10-15points or can till 720.45 level or if more weakens then can fall till 713.50.
Small Note: on 15min time frame plot 9&50 dema you'll see then 9 ema crossed 50 ema from below price moved up so same thing done it will fail if price goes below 735 level.
NOTE: I'm analyzing the stock for first time, so if there's a mistake or levels doesn't meet or gap up or gap down scenario then wait for at least 30 mins before taking any trade.
DISCLAIMER : I'm not a SEBI registered analyst/financial advisor & the above analysis is for educational purpose to give a small idea about stock & its move so before taking any position/trade please consult with your Financial advisor.
Small Note: on 15min time frame plot 9&50 dema you'll see then 9 ema crossed 50 ema from below price moved up so same thing done it will fail if price goes below 735 level.
NOTE: I'm analyzing the stock for first time, so if there's a mistake or levels doesn't meet or gap up or gap down scenario then wait for at least 30 mins before taking any trade.
DISCLAIMER : I'm not a SEBI registered analyst/financial advisor & the above analysis is for educational purpose to give a small idea about stock & its move so before taking any position/trade please consult with your Financial advisor.
Trade active:
Analysis didn't exactly met the price targets or levels so pls accept my apologies & price is weak now & can come down to test 700 level & if more weakens then may fall to another 15 points or more due to imbalance created & order gap not filled & to retest levels.
708 below 700=1st tgt if sustains below it then 686-675 level can get tested,
for buying let price sustain above 725 for 735-740.55 tgt levels;
Note: when on weekly time frame a long wick candle forms & next candle comes down then there's a probability of price reaching towards the low of that Candle is more but try to book early as price reversal can happen as per hourly/daily basis.
708 below 700=1st tgt if sustains below it then 686-675 level can get tested,
for buying let price sustain above 725 for 735-740.55 tgt levels;
Note: when on weekly time frame a long wick candle forms & next candle comes down then there's a probability of price reaching towards the low of that Candle is more but try to book early as price reversal can happen as per hourly/daily basis.
Trade active:
A Gravestone doji on day chart & of green color significance is reversal as formed at channel lower/support level, so if price opened & sustained above closing price of 15/4/2024 then can go up if 1st 15min candle is positive. if breaks opening price of 15/4/2024 then can fall.
so for tomorrow i.e. 16/4/2024 mark a zone at bottom from 686.35-674.80= a support zone,if breaks then 666 is next stop.
so 700 below proper red candle closes below on 15min timeframe basis then 10-12 points fall can be seen or till 686.40 level. once 674 breaks then 666 is next tgt level & if price reverses from 690 level then price can go up to touch 704-708 level.=flat open scenario(both)
if flat open & price goes above 716.60 then 727.50-731.40 tgt can be seen if sustains above it then trail as per risk reward.
if price takes rejection from 740 level then can "slowly" come down to 731-725.50 tgt level.
so for tomorrow i.e. 16/4/2024 mark a zone at bottom from 686.35-674.80= a support zone,if breaks then 666 is next stop.
so 700 below proper red candle closes below on 15min timeframe basis then 10-12 points fall can be seen or till 686.40 level. once 674 breaks then 666 is next tgt level & if price reverses from 690 level then price can go up to touch 704-708 level.=flat open scenario(both)
if flat open & price goes above 716.60 then 727.50-731.40 tgt can be seen if sustains above it then trail as per risk reward.
if price takes rejection from 740 level then can "slowly" come down to 731-725.50 tgt level.
Trade active:
A inverted Hammer candle on day chart formed shows price reversal if price o 18/4/2024 stays above 16/4/2024 closing price & trades above only. if not price can come down to test 700 levels or can stay side ways as it did on 16/4/2024 as price moved inside 1st 15min candle, so this move have important significance,
for 18/4/2024 if price trades & stays above 720 on 15min candle basis & closes above then only buy for 5-8 points or can see 730.55/731.45 tgt levels. (or) on contra if price opens flat & goes up sharply & takes rejection from 728/730 levels & crosses 725.10 then can sell on next 15min candle for 5 points, if sustains below then trail as 16/4/2024 low can get tested.
for selling on flat open scenario & goes down 700 a hurdle let 15min candle closes below it & proper red candle with wick at top but no/small wick at bottom then price can fall till 682 level or you can take 8-10 points & exit as there's a possibility of sharp reversal & hurdle zone at bottom.
for 18/4/2024 if price trades & stays above 720 on 15min candle basis & closes above then only buy for 5-8 points or can see 730.55/731.45 tgt levels. (or) on contra if price opens flat & goes up sharply & takes rejection from 728/730 levels & crosses 725.10 then can sell on next 15min candle for 5 points, if sustains below then trail as 16/4/2024 low can get tested.
for selling on flat open scenario & goes down 700 a hurdle let 15min candle closes below it & proper red candle with wick at top but no/small wick at bottom then price can fall till 682 level or you can take 8-10 points & exit as there's a possibility of sharp reversal & hurdle zone at bottom.
Trade active:
710-730= no trade zone let price break any side & sustain for 15min then can buy or sell. 710 below sell for 4-8 points==> flat opens scenario.
730 above buy for 4-8 points ==> flat open scenario.
if gap up or gap down opens then wait for 30mins & mark 1st 15min candle high & low then trade on side price breaks.
730 above buy for 4-8 points ==> flat open scenario.
if gap up or gap down opens then wait for 30mins & mark 1st 15min candle high & low then trade on side price breaks.
Trade active:
Price on weekly timeframe is in a range 674-773.
757 to 762 a resistance zone & 708-704 support zone.
On Monday if price goes above 745.55 then 750.50-756.35 tgt can be seen
736 below 730-725.80 tgt can be seen.
Note: If price takes rejection from 757 level then sell for 8 points tgt.
if price falls a little then takes support from 720-725 level then buy on next candle formed after support candle {on 15min time frame} for 6 points & trail as per risk reward if sustains.
757 to 762 a resistance zone & 708-704 support zone.
On Monday if price goes above 745.55 then 750.50-756.35 tgt can be seen
736 below 730-725.80 tgt can be seen.
Note: If price takes rejection from 757 level then sell for 8 points tgt.
if price falls a little then takes support from 720-725 level then buy on next candle formed after support candle {on 15min time frame} for 6 points & trail as per risk reward if sustains.
Trade active:
in.tradingview.com/chart/Ki8pmBUN/
price took rejection from top rejection zone, so if price goes below 753.40 then 750 immediate tgt then 746-744 is next tgt level & price can fall down further but if 1st 15min candle forms red & of 4-6 points then mark its high & low & next candle upon low break sell for 4-8 points.
for buying if price opens flat & goes up above 765 for 770-772 tgt level, if sustains then trail as per risk reward.
price took rejection from top rejection zone, so if price goes below 753.40 then 750 immediate tgt then 746-744 is next tgt level & price can fall down further but if 1st 15min candle forms red & of 4-6 points then mark its high & low & next candle upon low break sell for 4-8 points.
for buying if price opens flat & goes up above 765 for 770-772 tgt level, if sustains then trail as per risk reward.
Trade active:
price touched resistance zone & stayed there so that means buyers trying to take price up after 1&half consecutive side ways. on day chart a hammer like candle & on exact rejection zone. if flat & 770 above 15min candle sustains then 775-778/783.75 tgt can be seen, if goes up further then trail, if takes rejection from 778/783/785 level then sell for 5-7 points.
flat open & 760 crosses then 755-751.25 tgt level can be seen.
flat open & 760 crosses then 755-751.25 tgt level can be seen.
Trade active:
price opened gap up then didn't sustain & fell down forming a shooting star type candle on day chart, but previous day doji candle are there, so we need to be a bit cautious here.
764 sell for 760-755.55/750 tgt level can be seen
780 above buy for 786.70-790tgt level can be seen,
if gap up/gap down then wait for 30-45mins & mark 1st 15min candle high & low then trade on side price is.
764 sell for 760-755.55/750 tgt level can be seen
780 above buy for 786.70-790tgt level can be seen,
if gap up/gap down then wait for 30-45mins & mark 1st 15min candle high & low then trade on side price is.
Trade active:
price given a breakout then fell from top & came inside the range again so there's a possibility of price following the old pattern 760 below 754-750 tgt level & for buying let price sustain above 772(proper 15min green candle no wick/little wick at top) for 780 tgt level, if sustains above then trail as per risk reward.
gap up or gap down wait for 30mins mark 1st 15min candle high/low then trade on side price is.
gap up or gap down wait for 30mins mark 1st 15min candle high/low then trade on side price is.
Trade active:
price on monthly formed a spinning doji candle & if price weakens then it may form complete doji, on weekly a rejection candle from top, on daily a body candle with little wick showing negative scenario, on hourly basis price is weak & can fall further but the price is near range mid point where price took support previously. so for Monday if opens flat & goes up 15min candle closes above 750 then 8-10 points move can be seen, & if price takes rejection from 760/762 then can sell for 4-6 points tgt.
flat & crosses 732 on 15 min timeframe then sell for 5-8 points as there's immediate range mid point support & once it breaks then more fall can be seen, if price opens near 754/755/760 then on red candle rejection from top sell for 8-10 points. if price opens near 720-724 a green candle forms on 15min mark its high & low & trade on side price breaks on next candle but keep small tgt, & small stop loss, if big for example sl of 5 points then let a retracement come for trade.
flat & crosses 732 on 15 min timeframe then sell for 5-8 points as there's immediate range mid point support & once it breaks then more fall can be seen, if price opens near 754/755/760 then on red candle rejection from top sell for 8-10 points. if price opens near 720-724 a green candle forms on 15min mark its high & low & trade on side price breaks on next candle but keep small tgt, & small stop loss, if big for example sl of 5 points then let a retracement come for trade.
Trade active:
price fell from top & results came out positive so price reacted to it on 30/4/2024 so if it has to go down then 747 below 740 immediate tgt can be seen; if price takes support & reverses from 740 then can buy for 10-12 points tgt,
if 740 below 15min candle closes then fall of 8 points can be seen
for buying let price take support from 740 & close a candle above 742.45 on 15min timeframe for 750-752.20 tgt level or flat opens 764 above 15min candle closes then 772-780 tgt level can be seen.
if gap up or gap down opens then wait for 30mins & mark 15min 1st candle high/low & trade on side price goes.
if 740 below 15min candle closes then fall of 8 points can be seen
for buying let price take support from 740 & close a candle above 742.45 on 15min timeframe for 750-752.20 tgt level or flat opens 764 above 15min candle closes then 772-780 tgt level can be seen.
if gap up or gap down opens then wait for 30mins & mark 15min 1st candle high/low & trade on side price goes.