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Bounce

Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212
Nifty Spot Weekly Outlook for Jun20 -Jun 24thFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 20 – June 24 ) Last Weekly Nifty witness selling pressure below 16057 , while the pivot for the week @ 16327 was not breached on upside. Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 15185 levels, whereas minor resistance on the upside is capped around 15722 levels. If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15019/14751 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 15888/16157 . Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16673 suggests long term trend is Bearish . Range for the week is seen from 14751 on downside and 15888 on upside. Weekly Chart Suggest closing below 15100 Downward Momentum can be fast. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16425 RESISTANCE 3: 16157 RESISTANCE 2: 15888 RESISTANCE 1: 15722 WEEKLY PIVOT LEVELS: 15454 SUPPORT 1: 15185 SUPPORT 2: 15019 SUPPORT 3: 14751 SUPPORT 4: 14482 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai