1. 200SMA BREAKOUT WITH MASSIVE VOLUME 2. UP SIDE POSSIBLE BASED ON RECENT PRICE ACTION
Globus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.
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...
levels clearly mentioned in the chart nifty opened gap uply & nifty was consolidated yesterday. today can see a breakout or breakdown there is chance for gap filling but note that after the gap filling can see a sudden recovery in nifty. so short sellers beaware.. any way i am bullish on nifty for the day. and I expecting sell side only below 14990 thanku
bank nifty perfeclty respecting 35140 support level.. if it fall from current level maybe can see another fall in nifty upto 14600-14260-300 level..this is just my view. MARKET TODAY Global market indicating a postive opening .SGX Nifty up 90 points Nifty50 will remove energy major Gail from the stocks.In Gail's place, Tata Consumer Products will be...
nifty 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...
nifty levels for tomorrow not that resistance levels based on OI . Resistance 14490-15100-15200 support 14880-14800-14720 watch these level guys in my view nifty dominated by short term players. so we can expect a profit booking at any time
it is in 12 week flat base. flat base is yet to break out, but it broke the symmetrical triangle with strong volume. 200 WMA stands at 176. so that is the min target.
Nestle is on a downtrend. It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance. And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness) And the resistance can be seen right at the trendline that I've drawn. Tgt: 15200 SL: use trailing...
1) Evening star has formed after a strong uptrend 2) Formed @ 200 SMA 3) Banknifty also got rejected @ 200 SMA Tgt: 360 (partial profit @ 380) SL: 401
Nifty - Technical Analysis: -Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular. -We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory. -NSE Nifty settled 24...
Nifty - Technical Analysis: -Nifty closed 15 points, or 0.13 percent, up at 11,464.45. -It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign -FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period. Market - Driving...
-SGX NIFTY IS INDICATING A FLAT START -PRICEACTION HAS SHOWN US INDEX IS BREAKING ABOVE 200-SMA WITH A INSIDE-BAR BREAKOUT -10870 IS WERE THE 200-SMA IS PLACED AND WAS BROKEN OUT -ON FRIDAY INDEX CLOSED AT THE HIGHEST POINT INDICATING AGGRESSIVE BUYING -10870 BECOMES A GOOD ENTRY ARED TO GO LONG -CRUCIAL SUPPORT IS PLACED AT 10810 FOR THE DAY -CRUCIAL...
200 SMA retest and crossing from below.... Above support Line
Yes bank has taken support at 307 4 days back and now seems to be moving upwards. Also have crossed 200DMA today which is strong sign being bullish. One can add this to profile keeping stop loss as 307 and look for 375 as target which is previous month high.
Since 200DMA crossed by company it has upside till 4140.
Considering stock crossing 200DMA is very strong signal to buy, NMDC seems doing so whith positive close on last 2 days. However seeing at RSI near 70 can push stock to lower levels which I think will be good entry. Once can look to add 50% of capacity now and wait to see if it comes to 125 level to purchase remaining. Next immediate target would be 138 and...