As we see, downtrend is stopped by inverted hammer with good volumes followed by a green confirmation candle. We can long this for a short term profit of around 8-10%. We can keep ~2150 as stop loss point.
NSE:NYKAA after split stock is at reasonable rate. At positive market state it will give near 40% up move. NSE:NYKAA produce its own products and the demand of cosmetic products increasing year by year. Buy after next green candle move above the last an stays
Just as we had been stating in the previous week about being cautious, similarly we did observe Nifty to be in a consolidation phase during the previous week. Well, for now, in a minor downtrend, we can observe a beautiful hammer formation on the Daily chart of Nifty. Which is somehow indicating that the Index can bounce from here and can reach up to the level...
As we can see as analysed the weakness BANKNIFTY exactly broke down the trendline below and fell over 200 points from the breakdown but it did recovered itself in the last closing hours now we can see that 42600-42650 level has been tested multiple times and became weak hence we might expect a breakout in coming trading sessions if hits this level hence as of now...
TFCILTD | Yet another breakout with doubling opportunity CMP : 81 SL : 68 Target : 170
KOKUYOCMLN | Excellent breakout with doubling opportunity CMP : 83 (Dip : 75) SL : 65 Target : 150
As seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022). It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel...
buying axis bank on close abv 861 or cmp breakout trade target and stop shall be shared once it gets triggered or trade @ own risk going for far OTM 900 ce @ 2.2 buying
Deepak Fertilizer Cmp 933 dated 7-11-2022 1. Inverted Hammer candle BO @ 925 which was made yesterday. 2. RSI Divergence Buy @ Cmp for target 945-980-1000-1025-1040 SL 900 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be...
Balrampur Chini has been treading in a channel for a few days. Support and resistance are given by the channel. If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern. At present bearish engulfing pattern has been seen across the resistance. So the market may go down and a little pullback may also be...
Nifty bank, hits the high matches the previous day, closes minor red. It is surely volatility or profit taking at higher levels. The broader Index is weakened by other sectors like FMCG, Auto than Banking. Expiry day also helps or aides the range moves. While the major index shows some chinks, today being the weekend, markets would be wary of taking extremes and...
Nifty, bulls hold the fort almost till the last rush hour, putting everyone to sleep mode. Last 75 minutes comes the rush and rush was sharp and closed lower. The internals do not look great. Broder markets lack the momentum to push further up. We have drawn the bearish crab pattern; the approximate high is around 18400-500 area. Either we have already hit or...
After a consolidation nifty has given a break down and tested 18300 levels. There is doji on the higher time frame and there can be retest. On the hourly time frame, the market has breached its 20 ema and closed below it. There was a short covering in the last hour and the market can be in red today also. Even on 15 minute time frame, the markets closed between...
Banknifty on the daily time frame has given a gravestone doji. The market consolidated whole day and after touching 42600 there was a huge sell off taking market to test 42400 level in the last hour. On the hourly time frame, the market closed near 20 ema. Banknifty has consolidated whole day and closed near the opening. Closed between both the moving averages...
As we analysed BANKNIFTY exactly got rejected from 42600 levels and fell over 200 points but based in the closing we can expect a slighy strong opening tomorrow then we might see 42600 level breakout and carry its bullrun as it has been tested multiple times before but if BANKNIFTY fails to open strong and opens with weakness then we might see a selloff of over...
So, once again we can observe a Doji formation on the Daily chart of Nifty, which however is indicating a fight between the demand and supply and a state of confusion in the market regarding the indices next move. Besides, just as we had stated in the beginning of this week, about the hanging man formation which was indicating a weakness in the market, as per...
Tataconsumer - showing sideways consolidation from last month. Now it gives breakout from the last one-month range forming a Bullish candle i.e. Engulfing or like a Marubozu candlestick pattern with good volume spurt, it may touch 850-860 level which is next resistance level . Disclaimer - All updates/posts/discussions are only for education and learning purpose...
Bank Nifty 42458 dated 17-11-2022 1. Shooting Star Candle at the top of the chart. Sell below 42360 for target 42100-41900-41700-41500 SL 42650 Buying should be done only above 42650. Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for...