Short M&M Shorting @ 442.30 w/ SL @ 450 (if it closes above)
Targets in the chart.
Short June Futures @ 439.3 no hedge.
GLHF!
A-trend
ZEEL ENTERPRICES SHORT POSITIONZEEL ENTERPRISES FORM A TREND LINE. IT COMPLETE THE 4TH MOVE AND MOVING UP BASED ON TREND. NOW COMPLETE THE UP TREND EITHER IT COME FOR RETRACEMNET OR BREAK THE TREND LINE WE EXPECT THE HUGE FALL IN ZEEL ENTERPRISES.
How I earned 10% profit in one dayAfter forming lower high and lower low several times in the chart downtrend was conformed and I kept eye on the stock.
On 28th of May in the last 2 hours, the one-hour candles were formed above the trendline and I was expecting a positive movement after the second health bullish candle above. The second conformation was RSI getting stronger and the gap up opening and it was a strong sign to be in the trade.
It was purely price action based strategy banged on target.
On that second candle, I entered into the trade and I nearly earned approximately 10% of profit in just a day.
Banknifty - Bearish EngulfingTrend is Bearish as per moving average MAY expect pull back up to 18300 to 18450 then wait for confirmation to move further down (based on candle) up to marked levels.
BEARISH ENGULFING FORMED 4HR BASIS
**Educational purpose only
SIX TIMES TOOK SUPPORT AT 9119I think it'll be broken in few days, exept Mrs. Nirmala not give market any injection/boost.
GMM PFAUDLER buyers should wait for some correctionAfter the pandemic of COVID-19, this stock has recovered amazingly and it is in a clear uptrend.
In the daily chart frame, we can see this is in the consolidation phase and there should be some correction remained in the stock. Personally I feel like the stock is quite overvalued in the current situation. If it takes support on 3408 levels and bounces back I suggest you see the chances for buying opportunities at that level.
BPCL vigorous stock for invest in......!!!!For long traders it is advisable that maintain stop-loss 311 nearby and trade. The stock is showing that it will move in a up direction.
----30 min chart----
For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for up-trend after breaking the down trend and make a new channel.
ACC Ltd- Neutral
ACC Ltd – Stock Review (Neutral)
ACC Ltd gave a small rally from 940 level, however prices failed to sustain above resistance level of 1216. From last few days, prices are range bound and has been moving in a range of 1101 to 1206. Even today, the stock witnessed selling from its resistance trend line & closed just below it. The overall trend for ACC Ltd still remains on the negative side. For the next few days, the stock is expected to trade in the above range with lower upside. If prices break the support level of 1101 the stock can further fall till 960-950 level.
Indicators-
Moving average – Neutral
RSI – Slightly Positive
PVR Looks Weaker (Target of 700 Levels)PVR Looks Weaker and there is a chance to go 700 Levels. RSI also Less than 50. Main Support at 921 if breaks out further down. Stop loss at 1058
Bank nifty will complete its 12% move in next some session?Bank nifty is following uptrend for short term, trying to retouch swing high.
A Pitchfork on Wipro Long term CAGR of Wipro = 8%
Typical cycle variation = 100 points over 48-60 weeks
Positional Suggestion : Buy/Sell 25 pts away from central trend line. Typical period 75-90 days.
NSE:WIPRO
India VIXAs expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a much more stable bounce back attempt. On the other hand, a reversal from here sees resistance near 65 and then a major one at 75. Anything above that would lead to mayhem once again.
AXIS BANK TREND ANALYSIS.AXIS BANK BASED ON 30 MINUTE TIME FRAME TRADE TAKEN. IN 4HR TIME FRAME TREND CONVERT TO UP TREND. THEN BASED ON 30 MIN TIME FRAME TRADE TAKEN BASED ON FIB EXTENSION. TECHNICALLY EVERY THING STRONG
Trade setup for SBINSBIN looks good for intraday
Comment if you have any doubt regarding my setup
Stay Safe!
USDJPY AnalysisA good position to go long due to intersection of a daily key level and two 4 hourly trendline. FX:USDJPY
Banknifty Technicals March expiryDownside limited max. upto 26616 level. For daytraders it's time to start selling PUTS on every little dip.
Be Happy Be Rich !
