Bseindia
Sail Breakout TradeSail has formed a trendline and its near demand zone. If this zone holds the price and trendline is broken then sail can see an upside towards 33-55 levels. wait for a breakout with high volumes.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Anuh Pharma | 15-May-2020 | Something is in the making | Pharma #Anuhphr @ 148 | 15-May-2020
#AnuhPharma
- Price is holding on to its lower channel only on every fall
- Upper range is now shifted to further upward channel
- This has not yet much participated in #pharma rally.... now something is cooking?
Keep on #watchlist
#NSE #BSE #Sensex #banknifty #Nifty #nifty50 #NIFTYFUTURE #SGXNIFTY
Indian Oil | Intraday Short | Strategy | 01-Hour basis | #IOC @ 72.25
This is an interesting study of #IOC chart on 1-hour basis:
- Period : MAY 2020 (12 trading days)
- Observe behaviour of candles in GREY and YELLOW
- On any GREY candle - the high point of one-hour remains higher for the entire day
- So an intraday SELL strategy can be initiated for a gain of maximum average of 2-3 points daily
- For protection a small SL can be placed upon higher level of 1st candle
- SL to be based on one's own capital (it can be 0.25 or 0.50)
- If you see YELLOW candle, this is the only day when TREND reversed
- But there is a SUCCESS on all other 11-days
Jai Hind!!
Bank Nifty Breaking TrendlineBank Nifty is breaking trendline and can go till 19350. If sustain above it then can test 19900 levels.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Nifty Looking SidewaysThere are too many support and resistance levels on the Nifty chart which indicates Nifty will trade in a range-bound/sideways trend till the time major breakout happens. Good Opportunity for Options selling.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
ACC Double Bottom Chart PatternACC has formed a double bottom pattern at 1175 and also broken trendline on Friday. If tomorrow ACC and Nifty open on a positive note then ACC can go till 1210 and even touch 1240 if sentiments are highly positive for the coming 2-3 days. Also, watch out for support and resistance levels you can plan breakout trades if these levels are broken.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
PVR shortWedges, falling- 5 touch points.
Breakout expected 815(downwards).
S&R Levels 703, 628, 500, 334.
Entry- As personal convenience
S/L 886
Not investment advise- trade at your own risk.
BHARTI AIRTELBharti Airtel had a nice move up. It rallied up to the heavy resistance region with decreasing steam. Would like to see a small correction here. I'll be a buyer at 515.
RELIANCE | Intraday AnalysisForming a Ascending triangle on the intraday timeline. I'd like to see a retest at 1450s before reversing back up. Would provide a nice support for the move up.
ICICI Bank Box Breakout tradeICICI Bank is trading range-bound since 10 AM. It has formed a box pattern on 15 mints chart. If price breaks this box with high volume then you can go long or short according to breakout. Also, do check price action near supply zone (red line) and demand zone (green line).
Asian Paints Breaking Demand ZoneAsain Paints is breaking Demand Zone of 1680. If tomorrow prices continue to see selling pressure then Asian Paints can go till the next demand zone level. and that is 1630-1620.
SENSEX Recession Chart Bear Market Layout - Elliot WaveSENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000 level as shown in chart.
also 33000 level is also good to enter short or exit market.
Is ITC planning for blockbuster move...Buy FEB FUT between 230-240 and target for 259. Let me know if it helped ! (Please buy only when you see a green candle on closing basis.)
bet for supportnear long term support,bullish bat is completed ,ab=cd bullish also completed
if support breaks would see some momentum,if price is above this region for a day,paatern would give some momentum
Bank of India _ PSU banking index set up move up? Momentum signaBANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
NIFTY CLOSED LOWER FOR THE WEEK? What does this indicate?NIFTY: Nifty made a lower close this week. The narrow range bar indicative of weak momentum in the index (however it doesn’t signal outright shorts) but longs positions should be tighten at this juncture. Correction may initiate below 11800, which may extend to 11400 – 11300 levels, at this point we can notice institutional support coming up. The RSI is above 60 which indicates the overall trend is up. Counter trend trading strategy may be considered keeping in mind the support levels on 11400 – 11300.
