About 4.5 RR available i.e. 4% profit
Long opportunity on Glenmark Pharma. Good 4.8 RR possible.
There is an opportunity to short LIC Housing for Daily Income trade for about 3.5RR
nifty at support from several trend , bought nifty based on the multi trend support
For educational purpose only. Request suggestion for improvement
#CUP & HANDLE PATTERN FORMED #FOLLOW US FOR DAILY ANALYSIS
Analyzing JSWSTEEL with support and resistance for study purpose.
NSE:BANKNIFTY strong resitance 33571 if break will retest and move upside if break 33270 will retest nad move downside LETS SEE WHAT HAPPEN
Today will be slightly gap up opening in banknifty. Expected opening near 34400-34500 level. Possible after gap up it will face resistance at 34400-34500 level and take reversal downside towards the 34000 to 33500 level. Upside only possible if it is trading and sustain above 34550 level.
BNB is maintaining a trend line for a long time. I think the bounce from here is imminent. But, It has to penetrate through hourly red ichimoku cloud
Sun Pharma is at Support @ CMP 600 (15.03.2021) SL : 580 TGT : 680-100 Time Frame : 1 Month Risk Reward Ratio : 1:4 Only for Educational Purpose
Schand has given price volume breakout above Ichimoku cloud on weekly basis and sustaining smartly. Buy till 100 with sl around 90 on weekly closing basis for target of 210/250. Schools are about to open so fundamentally this can be 2x candidate as it has fallen drastically from higher levels
As per Elliott we are in wave 3 of one lesser degree. This wave 3 scenario is supported by Ichimoku 5 line analysis i.e SSA/SSB (cloud) up, Tenkan sen + Kijunsen pointing up , Chikou span is free. The pair shows a 12 bar Taito Suchi time cycle which points towards Henkabi on 10/march. Since 1E target (which is also 1.618 Elliott wave target) is already achieved...
I think ADA wants to consolidate. The past movements of the ADA will give us a clear picture of future predictions.
i have provided drawings of simple supply and demand zones on the banknifty charts. if you are a new trader you can also interpret as support and resistance lines.