B-market
MANAKSIA - Will it break 6WK High?If the momentum sustains, Looking to break highs of 94 and 96.
Currently trading above D-20, W-20, M-20 SMA's
Also above D, W, M - 50 SMA's
Crossed Weekly and Monthly Pivots.
Current week high = 6 Week Back High.
Once cross this level - we should be able to see good momentum upside.
Pls add to the watchlist and do your own research before taking a call.
THOMASCOOK - will it sustain the momentumTrend Changed to +ve Today with good volumes
Crossing 4-week High
On Daily time frame and Monthly Time frame Close is above 20-SMA.
Price Crossed Upside 50-SMA on Monthly time frame
Also NR7 - Breakout on the upside.
High on momentum.
Add to watch list - trade as per your own study.
ADORWELD - Possible BO after months of consolidationADORWELD -- Looking at the chart pattern and trading data --
The monthly trend is +ve and the Weekly trend also Changed to +ve.
The delivery percentage is increasing and currently avg is 62%
Confluence: 20/50/100/150 - SMA -- all are currently within 2% of close.
Crossed Monthly Pivot levels.
Add to watch list -- possible BO.
VIMTALABS - Uptrend continue Looking at the today's close and current trend of VIMTALABS
Close crossed Monthly Pivots
Stock is out of Squeeze
Closed Marubozu
Also above 20 - SMA on Daily / Weekly/Monthly time frames
The monthly trend is Positive and the Weekly trend is also Changed to +ve
Close Crossed Weekly-13 Upside.
ZUARI - Possible strong upside momentumStrong volume supported by Effort to Move Upside.
Today's volume is highest in the Month
Close crossing 4-week High
Price Crossed Upside Monthly 50-SMA
Above 20 SMA on Daily and Monthly time frame.
SMA 13 > SMA 34 > SMA 55
Close crossed Weekly SMA-13 Upside.
Add to watch list
AJANTPHARMA - On Breakout Good bounce from the support level and about to break out from 4 months of consolidation.
SRT - level is also bouncing from 0.7 levels to 1.0
The past couple of days - strong committed volume with Effort move Up can be seen.
ADX is rising, just out of Squeeze.
Closed Bullish Engulfing
The weekly trend is turned from -ve to +ve.
Daily Close above 20-SMA
Weekly close above 20-SMA
Please spend time on your own research before investing.
AVANTIFEED - Breakout on either sideAVANTIFEED --
For past 1 month - trading in a narrow range (Consolidation)
Trading in No Supply zone. However, any small movement towards the upside is also negated due to No demand.
Trading just above the support line.
In case if breakout upside is above 426.5: the next target is 435 and then 485
If breakout on the downside below 395 -- next target is 324.
Please spend time on your own research before taking a trade.
AMBJACEM -- Breakout soon... ?? Ambuja Cements -- Currently in consolidating phase from past 7-8 weeks with the flat trend.
Currently trading with No Supply - indicates possible up-move.
Also - the during recent market fall AMBJACEM - didn't fall and hovering around the support level.
Need to break 365.25 levels to see upside momentum.
Next targets - 390 / 410 / 433
Please spend time on your own research before investing.
Can nifty touch 13000 levelsChart is only for illustration purpose
My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart.
If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022 crosses.
A major shift in the market will happen after 31 Mar 2025 and the is expected to have a huge rally.
BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [16-06-2022]NSE:BANKNIFTY1!
The market has been moving in a range and refusing to break the 33200 support zone multiple times.
the bounce back is expected from this level.
but the downtrend is still intact unless it breaks any swing high and forms a higher low.
please find necessary support and resistance on the chart.
NSE:NIFTY
nifty major support 15650 tested multiple times and rebounded.
sgx nifty signalling a positive start today any long should be only above 15900- 15950.
happy trading , keep learning
DR REDDY LABS - 30min DECLINING - SHORTIf we look the chart the accumulation occur after the price has fallen.
The EMA 200 also started to flatten and the price was also below the 200 EMA.
In accumulation we see the price was in the range. The breakout happend on 8Jun2022.
After breakout of resistance the price was at Advancing stage. At this stage price is above 200 EMA.
Currently the price was in distribution stage and the price whip back and forth around the 200 EMA. If the Price breaks the support of the Range then it will be in Declining stage. The price will go down if it breaks the distribution stage.
We can go shorting for the next few days. Target is mentioned in chart!
GBPUSD OUTLOOK 13/06/2022GBPUSD Trade Analysis-
GBPUSD is bearish on the long-term outlook. The sellers continue to hold the GBPUSD market. The demand level of $1.2440 could not hold the price, in other words, the level could not withstand the pressure of the sellers. It penetrated the downside and exposed the price to the demand level of $1.22 today. currently, the price is sustaining at the minor support level of 1.2240 levels and if the price break that level it will move down further and we can see good downside movement.
BTC Fall from the Moon happening Soon Exactly sellers taking the control of the price, BTC breaks the correction trend line more over bearish pennant forming on the 15 mins chart and breakout by the candles and confirmation by volume indicating BTC on the downward move. I am taking this trade.
What’s your take on it?
Comment down