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200sma

Bsoft (Looks Ready for 690, 720)Bsoft will be giving a range breakout tomorrow if it closes above 654. Also, it might cross 50 EMA and 200 SMA level (655). Closing above 654 tomorrow, we shall see 690 level initially, and then 720. Stop loss can be placed at the low of tomorrow's closing candle (Friday, 7th June). Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:BSOFTLong
by onkarsoundankar
2
COLPAL Weekly AnalysisColgate Palmolive (COLPAL) has been trading in a 7-year long parallel channel and is now at the base of the channel. The stock is also trading near its 200 week moving average (green) for the last few weeks. The stock has never fallen below this 200WMA support in its life. As an example, during the Mar'2020 fall, the stock took support at 200WMA and bounced from there. Further, this time around the stock has bounced for second time this week at this 200WMA support. We can expect this support to hold and build a long position here. A successful reversal may take the stock all the way back to its 1640 resistance zone (highlighted) and possibly beyond. Stop loss below 1375 low.
NSE:COLPALLong
by vipulmehta817
REASON TO TRADE (COMBINATION OF PARAMETERS) EDUCATIONAL PURPOSEThis stock is showing some good signs of reversals U-Turn in price action. 1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend. 2) Price also came at old Support area. 3) Price got support near 200 DEMA. 4) Relative strength index in daily also reversed from oversold area, Now above 30. 5) In smaller time frame (hourly) price shown U-Turn towards up side. These are some reasons to presume or finding probabilities, nothing works like holy grill in market, but these are really aligned languages in one direction. These scenarios indicates probabilities very well sometimes. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:LTTS
by RK_Chaarts
9
BankNiftyBank nifty has fallen more than 3 percent last Friday and it is closer to 200 day simple moving average that is 35500 to 35700 zone... Please note it's not a line it is a zone. Any stock or index should respect it technically atleast a pull back for a day or two. So it's better to buy long options like Dec monthly or Jan series far OTM options and exit with reasonable profits... I'm taking Jan series 40000 CE below 200 for a target of 300...its not a recommendation just my view for educational purposes
NSE:BANKNIFTYLong
by trpfinancials
HCLTECH 1D - What Else You Need for good setup1) Price approaching multipoint support 2) Price approaching 200DMA 3) High volume on 26Apr2021 with no major follow up 4) High volume low and 200DMA price level is almost same. So possibility of high volume area test along with 200DMA support test 5) Quarterly results on 19July2021 Keep this on your radar. Can be a possible candidate for short term positional (first resistance 1060) if you see good wide range bullish candle after any of the above point is tested. Alternatively, one can take short term position if we see consolidation breakout with good volume.
NSE:HCLTECHLong
by LetsTrade123
Is there a bearish case for Nifty?Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place. Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or more of these moving averages, bounced back and resumed its uptrend. The last such instance happened on 26 Feb when Nifty bounced off the 50DMA toward its ATH of 15431, which also happens to be very close to the 1.618 Fibonacci level of 15479. If the index crosses this level of 15479, we will see momentum buying resuming and uptrend continuing toward 16000, even 20000 won't be impossible to reach. On the bearish side, there is no bearish case till Nifty closes below 50DMA and below 100DMA. If 100DMA is breached, 200DMA will probably be touched very soon and we can see 12000 odd levels on the index, which also coincide with the pre-Covid Jan'20 high of 12430. Until Nifty closes below 100DMA of 13700 zone, we don't see any bearish case for Nifty. There may be another buy on dips opportunity around 14700 and before the index resumes its next leg higher.
NSE:NIFTYLong
by vipulmehta817