As per chart it seems some short covering happened today. Below is my view on Nifty for 01 Nov 2021
BUY CE if Nifty goes UP from 17760 for target of 17830
BUY PE If Nifty goes down from 17610 for target of 17550
1- Trade only when candle confirm the signal
As we can see in daily chart after a superb rally upto 1577, price has stuck in triangle. recently company has offered handsome dividend of rs 9.
now price is still getting strength and trading near lower level, above 1320 level will take price to the 1400 level soon, and above that level price will be unstoppable, and we can assume tgt of 1550 in coming months.
Best stock for Long Term.
OPM - 63%
ROE - 25%
ROCE - 32.4%
ROIC - 27.5%
SALES 3Y - 22%
PROFIT 3Y - 25%
At this point many investors are in panic because of this stock going into ASM list. Any stock goes into ASM list if there is an unusual price action in very short duration of time.
At this moment just have patience. And wait for a reversal.
Asian paint is at its strong supports you can go long in it or wait for the touch zone support. Intraday on 9 aug 2021 you can go long with the sl of 25 if you see 5 min green candle at 9:20. or if you got bullish candle in morning you can put your sl near low or the day.
ALPHAGEO has a very small market cap of 153 Cr.
So please be cautious this stock can give violent moves
Wait for a decisive breakout above 260
Price is respecting resistance of 240
This is the 7th time price is at resistance
Looks resistance is weakening up might give breakout
Cut your position in half below 230
We can see RSI divergence...
Hi there trader, I have marked my analysis in the chart itself. Please feel free to drop any comments or drops if you have any.
New entries can only be initiated once you see a green candle on closing basis at a key zone level.
The risk:reward is more than 4.5 if a green candle forms.
The counter XAUUSD’s price started moving upwards in the ascending channel. The formation of the ascending channel indicates the counter is in the bullish trend. The price is still in the channel and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. Already the counter is in the bullish...