Alltimehigh
Nifty InstaView 27 May’21: Show of Strength
Nifty View: Benchmark index Nifty manages to show fine resilience as it managed to close well above the psychological 15K to mark the close of the derivatives expiry today. The index is close to its life high and considering the nature of the underlying momentum a possibility of a new life high is very high now. For the next two trading sessions, both Banks and Metals will be important sectors that can help the index sustain at the current levels. IT played a brilliant role just when it was needed and moving ahead it's the Metals (which has been correcting off late) that should post a bounce back. All eyes on SAIL, TATASTEEL, JSW and JINDAL. Immediate support for the index to watch for is at 15,250.
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SBIN Consolidating for a likely strong upmove24-May-21
NSE:SBIN
SBIN has made a new ATH and is consolidating for a likely strong upmove.
Coming few weeks it may consolidate between 371 to 416 range.
If in coming 4-6 weeks manages to sustain above 371 - 415 range, then most likely targets are 458, 523, 580
Fair possibility of 650 exists if the trend remains intact.
Pro's
Currently seems to be leading the banking pack.
looks like a good candidate for a strong move ahead.
Cons:
Below 320-294 range, the upmove may take longer and not sustain.
Large Cap, may likely take more time for its moves.
Move has possibility of getting disrupted due to RBI / Govt policies
HDFCBank : BULL run for ATH ? HDFCBank
> Hourly Chart
> Descending channel BO
> CMP 1497.30
> Support 1425
> May go 1565, 1628, 1702,1900+
Dtd : 22nd May TheCharts
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My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty - Target 15300 I was Bullish in Nifty from Past week, It shows a great buying pressure at every dip
Nifty has a Extreme Support at 14200 with Minor Resistance 15000., I can see a pure weakness in 15000 Resistance which can break in upcoming days
Nifty has high possibility that it may test Previous high in this may series., Nifty ALL TIME HIGH was 15431
Also I can see a unclear Inv H&S Pattern which shows a Target near 15300 🥰
TORRENT POWER - Can make new ATH soonStock had broken the Monthly break out zone (365-375 levels) and made new ATH in March (Monthly BO chart I have mentioned in comments section - helpful if want to have a short-mid term opinion on the stock)
After that it has re-tested the BO zone and rising again.
If stock breaks Trendline in coming days then it will test ATH again and can make a new high(435-440 levels) There are 2 possible scenarios for the same as I have mentioned in the chart
P.S. To get an idea about possibility of scenario 1 and 2 watch for volume build up in coming days.
14. Buy HSIL - Bullish Weekly stockCan buy this stock with a Stop Loss of 140 on Weekly Closing Basis
TINPLATE CAN GO ALL TIME HIGH ?Daily Time frame Chart
Breakout with high Volume
And Formation of Bullish Zig Ziz Pattern
Can go Near for All time high
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Divis Laboratories - Very Important Zone (SWING TRADE)Stock has made all time high but has been rejected multiple times from the same zone, might come for selling tomorrow
However looks good for swing
Buy only if hourly candle closes above 3925 !!
P.S. Sell below 3850 only for targets of 3800 and 3780 (Intraday)
TATA METALIKS Breakout TradeNSE:TATAMETALI Levels are Mentioned in the chart... Look for Swing...
Note:
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ACC Crossed All Time HighThe stock ACC has successfully crossed ATH level of 1870 and is currently trading above 1900. It has retraced on the daily chart to the ATH and has seen bullish push from the retracement. The stock looks like a good buy from here with the target of 2450 (1.618 Fib retracement).
stay long - bullish candidateresistance break with volume spike
rising price with rising volume - great sign
momentum bullish side
rsi of multi time frames above 70
new all time high = 1902
stay long 🪁🪁🪁
disclaimer - trade @ own risk
Inverted Head and Shoulder ChartLikely to reach 780 level and more.
Pros: Trading nears its all time high, has registered a good result in last quarter and more over Pvc pipe has observed hike in their price during last month.