Nifty 50 (After-20/12/2022)Analysis After 20th Dec 2022 Closing
Wave Count -
Nifty is in (5)th of 5th of IV Wave , means one more bullish movement is expected.
Also, strong supports are just below close of 20th Dec 2022.
1. 38% Retracement of 3rd Wave in Small Cycle. (Orange)
2. Previous High support is just below 38% support.
Divergence - Bullish Divergence in 1 Hour time chart in MACD & RSI both.
View- Currently, Bullish from this point until 18100 level is not breach in Daily Timeframe.
Buysetup
UBL VCP PATTERNOne can add 25% position 1787 and if price retrace add more. A classic VCP pattern.
hart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
LARSON & TOUBRO INFOTECH MID TERM SWING #LTI given double bottom break out on weekly time frame and also making harmonic bat pattern. buy when it give retest.
Buy around 5000
TGT : 5550, 6100
SL : 4850 DCB
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Reliance: Near Support level from Long term perspectiveReliance
We are looking at weekly chart of Reliance Industries
- Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon
- In June 2020 , we see Reliance giving a strong breakout above the red trendline
- thereafter we have seen Reliance trading in 2 parallel yellow boxes
Given the chart pattern,
Accumulate Reliance at current levels and on dips towards 2240
Target 3500 odd levels
Reward potential 50%
Pattern gets invalidated if it closes below the red trendline on a weekly closing basis
Risk 5%
Risk::Reward ratio looks good to go long from medium to long term perspective
Take care & safe trading....!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BHARTI AIRTEL ANALYSISHello..,
1. airtel traded sideways in weekly.., its exactly bounce back from demand zone around 640-650 levels.
2. already institution players entered in demand zone.
3. now we got a double conformation double bottom formed in day chart.
4.if its break 700 day close basis target would be 770
5.target period 15 to 18 days
COALINDIA Short term Rally confirmedKindly refer the Chart, See the orange trendline, it is clear breakout of descending triangle
So Target 1 is 201
Target 2 : 205
Target 3 : 207
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This is only my view, it is not trading recommendation. So I am not responsible for any profit or loss made using this idea
BR
Ur All Time Money maker
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalKAJARIA CERAMICS
Stock on weekly chart after correcting from recent highs, now form double bottom pattern and now towards its Resistance Zone
Enter for swing trade only if breaks and sustains above 1075/1077 levels,
With SL of 1048 on closing basis.
Avoid setup if gapup open.
Also can be taken as Intraday trade, with entry and target set on 5min chart support/resistance.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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BULLISH HARAMI PATTERN IN INFY.As one can see, there is a bullish harami pattern in nifty which means one can go long in INFY keeping the stoploss below mother red candle low or 1400 as per your risk appetite, with a target of 1540 which is almost 1:2 RR.
Be quick and agile in booking your profits as this is still in a downtrend and the global scenario is still the same.
There is positive RSI divergence as well, which indicates there is a slowdown in selling.