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DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best (A) is showing bearish bump and run trend reversal pattern (B) is showing bullish price channel continuation (C) is showing bullish inverted head and shoulder trend reversal pattern (D) is showing target price (Target 1) As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D) If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D) Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D) So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy Any doubts or suggestion ping me
NSE:DMART
by rajeevpatil
Nifty: Moving on expected lines as per Technical AnalysisNifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some support... What we are seeing now is these levels pre-identified with the help of Technical Analysis being respected to perfection.... Need I say more... Trading is not about buying and selling randomly just like that. Trading is more about - having a systematic approach... - Planning your trade well in advance, - be ready with actionable steps, and - during market hours when you see those levels come, it's just execution of your plan with better clarity and thought process in your mind without any confusion... One can argue that the current down movement happened because of NEWS about second wave of pandemic hitting us hard and that it was just lucky coincidence.... Hmmm... Well then, here are few more chart analysis which made me feel lucky with my trading strategies.... Infy, TCS (which had result announcement event) and DLF trading idea... 😊 I say, follow Technical Analysis, listen to charts instead of NEWS and chances are you too might start feeling more lucky ... 😉 ;-) Going forward... - expecting some bounce back - however, we have seen a crossover of 20 day EMA moving below 50 day EMA around 14600 levels - 14460 / 14540 / 14655 are 3 important resistance levels that one needs to look out for.... - overall view still remains the same - Nifty seeing further lower levels (sub 14000) on the lower side - I have highlighted the zone above which pattern gets invalidated Take care & safe trading....!!! Like & Follow Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
3
LRCX Lam Research and the Semiconductor Chip ShortagesLet`s put this into the context of the Semiconductor Chip Shortages: LRCX Lam Research makes the equipment needed to manufacture new chips. TSM Taiwan Semiconductor is raising its capital equipment budget. Earnings in 4 days! i expect to have solid gains. On 4/16/2021 Credit Suisse Group Boosted Price Target to Outperform ➝ $750.00 91.991B MARKET CAP 0.81% DIVIDEND YIELD 32.23 P/E Ratio This should be a safe bet for the next week. If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the opening of a candle, not at the the candle close, like others do, just leave me a message.
NASDAQ:LRCXLong
by TopgOptions
47
TCS: At important resistance levelTCS Closing Price 3165 Looking at the charts, TCS is once again near important resistance levels. The red dotted line that you are looking at is not drawn after the stock has taken support but was identified way back on January 29, 2021. Take a look at the chart below... (this is an hourly chart of TCS posted on 29th Jan 2021) As you can see the stock has taken support exactly at important level identified with the help of Technical Analysis. Going forward, we see the stock is once again at important resistance levels. Given the set up, one may consider to sell TCS 29 April 2021 expiry 3300 Call option. Closing price is 62 Be cautious if TCS closes above 3231 in Cash Equity market. Max profit potential in strategy Rs 18600/- per lot... More importantly, In built loss protection for a rise in stock price up to 3362 (Loss protection of approximately Rs 66000/- from current TCS spot levels ) The strategy gives a good return potential and ample opportunity to adjust / exit in case the stock goes the other way... Take care and safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCSShort
by indiamarketoutlook
4