Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. ...
It has activated an Ichimoku bearish C Clamp in weekly time frame and has entered into the Kumo in daily time frame which is also in sync with weekly for its next downside level at 15000. The view would be negated above 17300
Nifty has been in consolidation making a wedge pattern on daily charts.
VIX has increased by approx 4% suggesting that upcoming moves may be fast and furious in both directions. However, probability of market sustaining above 10400 is very low. Adding to that, the fear of second wave of Covid19, economic slowdown and deteriorating global economic conditions...
NSE:SBIN These are the Important levels for SBIN Trade accordingly on 5 Min interval (INTRADAY)
it will remain below 200
LONG= If price is near about Support level + volume activity
SHORT= If price is near about resistance +volume activity
It appears to have completed its counter trend of a major counter trend. As long as it holds 9725 on closing basis it could now resume a trend for 10500/11250. Double confirmation would be a close above 9970
As per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.
It has activated a Bullish C Clamp in Weekly time frame. While in the daily time frame after showing some consolidation inside the Kumo is now attempting to resume a short term rally provided it does not go once again below 2350. It faces resistance at 2800 and 3300
Some movement expected from it in one to two days.
Buy only above the line shown in the chart for the target line.
as per me auro pharma is attempting to cross that resistance line.
if it succeeds it will take to the target line.
I will suggest to buy only above that resistance line as stock has appreciated already.
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