BULLISH. HCLTECH is back to its long term support levelAfter the corona effect, HCLTECH has jumped back to its Long term Support level. The stock might retest the trendline and can be bought around 530-535 level.
Buysignal
IndusInd Bank Resistance at 480/490 range. Go long if breaks!Tomorrow IndusInd will again test the resistance at 485 range and the odds are high for indusind to break the resistance this time. Go long if indusind sustain the resistance range.
Long opportunity for 10 points.Currently stock is trading @163.9, now its looking good for long for target of 10 points @ 174 and with a little stop loss @160.
(SWING TRADE)
Profit- 10 points
stop loss- 4 points.
GOOD FOR LONG.
(ALL RESEARCH IS MY OWN.)
Adani Green Analysiscurrently price are consolidating with a rage. prediction, if the price crosses 238 level which is acting as resistance then there is great value in the future.
Also RSI and MACD are in favour.
best is to wait for a buy signal to know the price action or going long is best
*A rookie trying to master stock analysis
you are welcome to support or share your knowledge*
Thank You.
Almost Sureshot Trade!! Follow Us for Almost Jackpot calls!!Almost Sureshot Trade
This Time Coming with Metals Sector
Tata Steel Buy near 260-265 Levels
with one and Only support 249-250
for a Target 280-295-310+
Comments For Any Stock Related Query !! I will Try TO Post My View WIth All Levels And Chart
Buy IPCA Lab with a Target of 1800+ in the next few days!Buy IPCA Lab with a target of 1800+ short term. SL 1521
HDFC LongSee the buying volumes.. good to accumulate as much as possible for atleast 50 percent returns in less than 1 year.
Lets enjoyy the ride..
Go LONG if a pullback is seen from the bottom levelSRTRANSFIN has been trading inside the channel for a long time and this is the perfect time for a swing trade.
Nifty Futures & Options data analysis & view for 20 April
On daily charts, we observe
• Hanging man candlestick. Under normal conditions, a 150 point tail would have been significant candle, but given the way markets have moved in the last 2 months, we need further observations
• While it has formed Hanging Man candlestick, it has also managed to close significantly above 20 day EMA. If Nifty has to go down it has to break that level in next 2-3 days
• If, however, Nifty survives above 20 day EMA, then it could be an indication of more upside & in the next 14 trading sessions probability of heading towards 50 day EMA will be much higher.
• (Also note above 9325 levels Hanging man pattern gets invalidated )
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Coming to data analysis, FIIs net sold 90 contracts worth 6.56 Cr in Futures
Futures data
FIIs exited both from Long positions (1182 contracts) & Short positions (1092 contracts)
As markets opened significantly higher Retail participants booked profits in 4558 Long contracts and took a hit in 7519 Short contracts.
Pro traders exited from Long positions to the tune of 3441 contracts & added 2233 Short contracts.
Options data analysis
Call Option
- FIIs added 12.2K Long & added 7.5K Short contracts in Call option
- Retail participants added 73.9 Long contracts and also added 73.9K Short contracts
- Pro traders added 20K Long Call and 24.8K contracts were Shorted by them.
Put Options
- FIIs bought 15.8K Puts & 17.2K Puts were Shorted by them.
- Retail participants bought 1.07 Lakh Puts and 88.8K Put Contracts were Shorted by them.
- Pro traders bought 8.4K Puts & 26.5K Puts were Shorted by them.
Important levels on the lower side 9216 / 9180 / 9118 / 9080
Important upside level 9320 / 9405 / 9508 / 9585
All in all, despite Nifty being up 3%, we have not seen rise in Open Interest. It has rather reduced by 6.5K Contracts.
Though we are clear with the levels & possible movements (discussed in the 1st part), Monday is recommended to be an observational day to understand the bigger picture - whether OI is building up or not and if it is, then how market participants are positioning their trades.
Make your move after understanding the battleground you are in and knowing the strength & weakness of your opposition. In trading, remember for every buyer there is a seller and vice-versa. So it is You vs others . And it is important to understand who you are trading against.
Take care & be safe...!!!
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BankNifty - Breadth Indicators for ease of Trading As Banknifty and NIfty wont provide any vol/tick information we need to have special scripts to generate required data in easy to understand and take decision to buy / sell.
These Breadth indicator tools for Nifty and Bank NIfty will help in understanding the index stocks movements
Incase if interested kindly follow me and request for access.
Together we can further improve these scripts.
Ultratech Cement approaching important Buy Zone.Buy at 3350 - 3400. It has been in range for 2 years now.
And as it is approaching support, all the oscillators are at Oversold zone, good confirmations to go long .
SMALL CAP BULLISHPennant pattern with good support from 20 ema and 50 ema
Buy NIIT
Target - flagpole length
Stoploss - end of pennant
Trailing Stoploss - 20 ema
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JUBLIENT MAKING A BULLISH PATTERN FOR 20-2-20PLS BUY ABOVE 544 TGT 550-55-60, SL 535..... GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATE. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL (DUMB TRADER). YOU WILL LEEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND SUBSCRIBE
MUTHOOT FIN FOR 20-2-20MUTHOOT FIN HAS INSIDE BAR FORMATION ONSIDE MOVE CAN BE SEEN. BUY ABOVE PRV DAY HIGH .. SELL BELOW PRV DAY LOW. TGT 1-2-% SL OPPOSITE DIRECTION .
GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATES. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL( DUMB TRADER ) YOU WILL LEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND SUBSCRIBE
RELIANCE FOR 20-2-20RELIANCE CROSSED THERE 1500 PSYCHOLOGICAL LEVEL. BUY ABOVE 1500 TGT 1520-30. DO WATCH NIFTY BEFORE TAKING TRADE. SL 1490..
GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATE. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL (DUMB TRADER) . YOU WILL LEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND SUBSCRIBE
UPDATE BRITANNIAPrice went down even after a gap up today. (as opposed to what was expected)
But the price has respected the previous resistance line and the 20 ema.
In addition, lower lows has formed in chart BUT higher lows has formed in macd - signs of a weaking downtrend.
BUY it if you haven't already
HDFCAMC BULLISHHDFCAMC break a resistance . RSI is also greater than 50 . everthing in showing bullish trend .
LONG LONG @BRITANNIA Now is a very good time to go long if you haven't already.
I have talked about Target and Stoploss earlier. Check that out.
Nifty Intraday ZonesIf the breakout is successful, one can buy in lower time frame; if it fails then short the breakout failure
