Asian paints have completed three red crowd patterns and started small corrections. Asian paints strong support is 3052. and I think if the market breaks support it can go up to 2936. If the support is not broken, the market will move to the 3150 level. T1= 3150 ( if the market will not break support ) T1=2936 ( if the market will break support) Thank...
So, Finally yesterday, we witnessed a beautiful lifetime new high, and a 52 week high of 18614.25 in Nifty. Apart from that, just as we had stated yesterday that we have to wait for 1 or 2 trading days at least, for a beautiful confirmation of above 18500 on a closing basis from Nifty. Therefore, once again, if the index manages to sustain above this stated...
As we analysed that NIFTY might see rejection from 18600, we saw exact rejection from 18600 and fell subsequently over 100++ points, we might even see a gap down opening tomorrow and we might again see NIFTY being rejected at the yesterday’s high at the same level hence we might see a sideways to negative market tomorrow
Banknifty on the daily time frame has given a bullish moment after a gap down and closed almost flat gaining 36 points. On the hourly time frame, the market crossed the 20 ema after a gap down and closed near the levels. The market whole day traded around the 20 ema (15 minute time frame) and closed below the moving average. Support :- 42950, 42770,...
Nifty on the daily time frame has formed a bullish engulfing candle and touched its ATH. On the hourly time frame, the market tested the 20 ema and from the first hour remained in the buying side. The market after touching the ATH retraced closed only 50 points higher. Even, on 15 minute time frame, the market tested the 20 ema and closed below the...
So, finally on the last trading day (Friday) we had observed a closing of above our stated crucial Resistance level of 18500. However, since this closing of just above the stated level is somehow not enough to conclude as of now. Therefore, it will be suggested to wait for another 1 or 2 trading days for a much positive and stable closing of above 18500. So...
Bank Nifty Cmp 42984 dated 25-11-2022 1. Dark Cloud Cover Candle @ top of the chart Sell only below 42850 for target 42500-42350-42000 SL 43200 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...
Eicher Motors Cmp 3414 dated 25-11-2022 1. Fridays Candle has Engulfed last 4 days candle. 2. RSI reversal & BO. Buy above 3425 for target 3450-3500-3550-3600 SL 3350 (closing basis) 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...
This stock is taking support and trying for upside at 0.786 retracement level multiple times. Can try upmove of 70-80 points with sl of 20 points
Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock. The stock on the weekly time frame has tested its 20 ema and formed a hammer doji. The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg. 3 point confirmation. 1. Taking support from 20...
28/11/2022 LONG SIDE TRADE SWING(4H) ABCAPITAL CUP&HANDLE pattern brekout in 4h tf with high volume. Risk adverser can wait for retest and risk taker can initiate the trade with buy above the high. ENTRY-136.1 SL-128.25 TARGET-144 R:R-1:1 It is ICING ON THE CAKE if it comes to 133.5.
28/11/2022 LONG SIDE TRADE SWING(1H) ABB Triangle pattern breakout and retested in 4H TF(LOWER TRENDLINE SUPPORT IN DAILY TF) Closed with hammer candlestick above 50 MA Risk taker can initiate trade with trading the hammer for that: ENTRY-3104 SL-3076 TARGET 1-3159 TARGET 2-IF TARGET 1 ACHIEVED CAN FOLLOW THE RISK ADVERSE TRADE Risk adverser can trade the triangle...
BANKNIFTY chart indicates consolidation for last few hours on last trading session in 15 min time-frame. Hence on 28th you can see a sharp rise or fall at the beginning of trading session. Doji candle formed on top in 1D timeframe, so we can monitor tomorrows session for more price action which will help us more on 29th November. Please do your own research...
As we can see NIFTY respected all our given level and heading towards its initial final resistance which is 18600 levels which could potentially act as a great resistance, till now NIFTY is strong and bullish indicating every dip to be a buying opportunity and hence only 18600 level is level to concerned about and if sustained above we can see 19000++ anytime sooner
INDOBORAX | Looks good to average again CMP : 148 (Dip : 138) SL : 130
NSE:GICHSGFIN shows two features making it perfect for breakout. The price has crossed the 200 DMA and the now 21 DMA is crossing the 200 DMA, indicating a bullish trend reversal. The daily candle is bullish engulfing. Trade: Buy above 159, SL: 154, T: 162/165
NSE:RBLBANK is about to show excellent breakout. Price is crossing the 200 DMA. It is basically a trend reversal as the order will be: Price cut the 200 DMA, then 21 DMA will cut the 200 DMA and then 50 DMA will cut the 200 DMA, uptrend starts. Volume is high. A Bullish Engulfing candle is formed in daily chart engulfing whole 1 week price action. Long...
HPL | Strong breakout - Looks potential for 55% CMP : 98 (Dip : 90, 85) SL : 80 Target : 155 1:5+ risk reward setup