Tata motors is trading at a crucial level. Looking at the chart, the price of stock is trading near 200 MA. There were very few data available on 15 min but after looking at bigger picture we were able to plot two good points for shorting TATA motors. 1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend. 2)...
Banknifty had broken its major downtrend channel. It’s also sustain below 50% Fibonacci level on its major downtrend. US bond rises again and it affected the USA market while closing. Historical data sys, whenever this news has affected USA markets, there were selling seen the next day in Indian market. Bank nifty closed in rangebound market & any side breakout...
Banknifty Analysis for Tomorrow-31-03-2021
In this video I have tried to show some interesting aspects about Nifty, Banknifty and Nifty Metal Index. Also, i have discussed few of the interesting stock setups which an individual can use for studying.
Lupin has formed a head & shoulders pattern taking a support at 985 levels. You can go long on it for a target of 1064 and 1115 respectively. Cheers!
It can be seen in the daily charts that the stock has formed a double top pattern at the levels of 336 and has also broken the resistance of 306 levels. Hence you can short it for a target of 293 and 276. Happy Trading!
As we can see in the daily chart, the price saw an uproar from 160 to 227 levels as an impulse move and started consolidating in a range. Hence, forming a bullish flag pattern in the process. It has taken a support at 211 levels, this can be confirmed by the presence of a Hammer candlestick. If it sustains above this level, you can go long on it for a target of...
If we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of...
Target: 432, 460 CMP: 410.50 It can be clearly seen in the daily chart that the price has been in a falling channel and has taken a support at the lower end of the channel, this can be confirmed by the presence of a doji candle. Now, the price is headed towards the upper band of the channel(432), if it breaks the level and sustains, then we can expect to see a...
Target - 224, 245. CMP - 214.90 BSE:M_MFIN We can clearly see in the daily chart that it has formed a pole & flag kind of a pattern which has already given a breakout of the 215 levels. If it sustains above this level, we can expect a target of 224 and a further target of 245.
IOC is forming ascending triangle. Buy@105.5 SL 101.6 Fibonacci Targets T1- 116 T2- 129 Happy Trading!
Apart from patterns, It may turns bullish side on monthly chart. It is not participated much on market rally. Monthly MACD is positive and also other indicators also showing positive signals. Any time can shoot-up. At first, Daily MACD crossover helps to move upside from the current levels and it may reach the targets on upcoming...
Standing strong in this fall so Buy Above 538 Good Support near 500-470 IF BO happened then we may see 554-575 Very good volumes
Stock(MRPL) making HL at resistance point with good relative strength a good candidate to go long at this price point
Above 369(or above todays high) BO of Trendline Very good volumes Support at 325-310 weak below 300
Above 48 or add on Dip BO with volumes(Increasing Volume) SL Below 35 Good Base