ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got...
I will go LONG on BAJAJFINSV because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when...
ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position...
SELL BAJAJFINSV at 8230/- , this is continue going up , but i personally prefer selling bajajfin. i will sell it on future ( so the price is different there) equity charts its 8230/- sell
BAJAJFINSEV SELL RANGE 7000-7100
SL 7300.
TARGET: 6952, 6920, 6890, 6860, 6820, 6788, 6760, 6732
BUY 6700 Put with 75% SL when spot price is between 7065-7100
Target close position when spot price reach to 6750
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
BO above 6735(todays high) may leads to good upmove
accumulation zone is 6000 to 5300(also fibbo retracement zone)
weak below 5300
currently above all important moving average
