TEXMOPIPE Daily looking bullishTEXMOPIPE Daily has trendline breakout with 200 ema support on daily candle. Good to buy at 72 for target of 100 with sl below 63.
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200
NIFTY Trading levels for the daynifty levels mentioned in the chart
SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at 14300 -270 level.(we mentioned it already)
Yesterday’s nosedive by Sensex erased 1,145 points with the benchmark index closing at 49,744 while the 50-stock Nifty tanked 306 points and gave up 14,700 mark. Rising bond yields, inflation worries across the globe, and the resurgence of coronavirus cases domestically are believed to be troubling the stock markets.
Factors driving markets
US bond yields rise: Benchmark US Treasury yields hit a near one-year peak but the dollar eased against rivals.
Covid cases: In some pockets of India, covid cases have started spiking, spooking investors who believed the crisis was all but over. If this leads to more lockdowns, there could be more negatives for the market.
Stimulus coming: President Joe Biden's push for a $1.9 trillion Covid-19 relief bill took a step forward on Friday as a US House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.
NIFTY Short Term Analysis🍁nifty in a crucial level(support @14200-250 range)🍁
🤼♂️🤼♂️if falls from current level can see a short term down trend in the market(may see 14100-14000 levels & long bearish trgt 13750)🐻🐻
🔰if take support @ current level can see 14300-450 levels in short term🔰
🔥budget is the major upcoming event🔥
is market discounted the budget ??
or budget ride possible ?
🔰kotak bank published postive result.but it felt down🔰
⚠reliance still falling after the postive result ⚠ Y ??
do you noticed somthing 🙏🤷♂️
JOE BIDEN officially become the president of US.
after this FII's started selling !
Y? anybody noticed it.
🍁just look into the previous days.there is no a proper direction in that country.that mean there is no president officiallly.so us economy was under performed mean that there is no president,no corporate actions,no stimulus etc...these are some important factors of an emerging economy.Do you understand my points.(u can ask me if u had any doubt)🍁
in the absence of president US economy underperformed.⚠
so FII's dumped money to the Indian economy.Because India is an emerging country.⚠ 🔶
But what about US now ??
🔰they have a WHITE HOUSE (president)🔰
🤼♂️So the American economy will regain strength.So FII's reducing money from Indian market.this is the one reason for this profit booking.
in my view it is an important fact for this profit booking.
Y kotak felled / Y banks felled ??🔶
The RBI report said that the gross ratio of bad loans could rise sharply by September 2021. ... The RBI said in the report that the ratio of gross bank NPAs (GNPA) could rise from 7.5 per cent in September 2020 to 14.8 per cent by September 2021 in a “severe stress scenario”.
- BIG NEGATIVE for banks
bank nifty chart added in to the related idea
- THANK U GUYS
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- @ANKITHSHAJU
SUN TV (Positional Trade) | RR 1:4+ | Type:- Retest
Reasons To Trade 🤔 :- 1st Retest After Breakout, At Support Zone, At 200DMA, Clear Setup.
Entry Zone :- 415 - 420
Stop Loss :- 395
Targets :- 500 & 511
(Risk Must Be Managed.)
Keep Your Eyes On Index
😜Follow For More ✔
Give Me A Thumbs Up...👍
--Any Suggestions--
SWING TRADE IN TVS MOTORS !!(DEC FUT)!!SWING TRADE IN TVS MOTORS
VIEW
-RETEST OF 200-DMA
-BOUNCEBACK
-HAMMER (SIGNS OF REVERSAL)
-GOOD RISK TO REWARD RATIO
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@450
STOP@443.5
TARGET 1@460
TARGET 2@470
LOT:1100
QTY:2
MOMENTUM TRADE IN M&M FIN !!(FUT)!!MOMENTUM TRADE IN M_M FIN
VIEW
:-CROSSING ITS MAJOR HURDLE OF 361
:-AFTER A VERY LONG TIME NEEDS A CLOSE ABOVE IT
:-LOOKS A TEST OF 200-DMA IS ON THE WAY
:-SWING TRADE IS POSSIBLE WITH A GOOD RISK-TO-REWARD
TRADE IN 28TH NOV FUTURE CONTRACT
BUY @364
STOP @358
TARGET @376-78
LOT:1250
QTY:2
BTST TRADE IN TVS MOTORS !!(FUT)!!BTST IN TVS MOTORS
VIEW
:-TVSI AFTER A GOOD UPMOVE SAW CORRECTION AFTER RESULTS
:-ITS FIRST TIME TEST OF 200-DMA LOOKS SUCCESSFUL
:-FIB0 LEVEL OF 38.20 LOOKS GOOD FOR ENTRY
:-GOOD RISK TO REWARD RATIO
TRADE IN 28TH NOV CONTRACT
BUY@458
STOP@452
TARGET 1@470
TARGET 2@478
LOT:1100
QTY:3
LONG IN TVS MOTORS!!(FUT)!!MOMENTUM TRADE IN TVS MOTORS
VIEW
:-RISE IN OI+RISE IN PRICE INDICATES LONG BUILT-UP
:-BULLISH ENGULFING VISIBLE ON DAILY CHARTS
:-200-DMA IS TAKEN OUT AFTER A VERY LONG TIME
TRADE IN FUTURES 28TH NOV 2019
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@ 476
STOP@470
TARGET@490
LOT:-1100
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
BTST IN AXIS BANK !!(FUT)!!BTST TRADE IN AXIS BANK
VIEW
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@731
STOP@721
TARGET 1@741
TARGET 2@751
LOT:1200
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
BajFinance Preparing to Move outside Down Trend channelHi Swing /Long Trader,
BajFinance looking good for Long above breakout from Down trend channel for Target of Rs 3745.
BajFinance Preparing to Move outside Down Trend channel .
RSI & MACD indicate Bullish momentum as per chart.
Stock is consolidating near 200 SMA for past few days.
At Rs 2885 Stock is at important support of combination of 200 DMA & Support line.Below this support breakdown will be free fall.
NIFTY INDEX VIEW FOR THE MONTHNOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index
NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
If i am wrong then we shall use the upward sloping trendline as to exit the trade.
Reasons for a upside breakout
Note that i had given a long trade on banknifty on thursday on the basis of crucial support nearing and the
"GOLDEN CROSS".
10700 nifty put option has seen great amount of put writing and call unwinding.
Although 10800 call option has seen some writing but the initial opening of the index above 10830 shall
spook them.
That will be confirmed once market sustains above 10774-10830 for inital hour that will lead to some
serious short covering.
If you notice the small picture you can see a clear trend emerging for e.g the 20-dma is about to cross the
200-dma but the bigger picture is where the 50-dma is evenutally rising and will finally cross the 200-dma in
fews days time(15-20 days period) giving as a "Golden Cross".
Shorts might get trap,Symmetrical triangle breakout can be expected on the upside and moving averages
showing us a picture.
PLEASE NOTE
"I MIGHT BE WRONG TRADE WITH YOUR OWN DISCRETION WITH STRICT STOPLOSSES"