-Marico was stuck in range since June, forming a Range contraction setup. -Before breaking out, it forming inside bar formation and finally gave close above trendline. -RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance
NIFTY has formed a nice Inside Candle day befor eyesterday. If NIFTY breaks above 17700 :- Carry forward buy above 17700 for target 17922/18036 IF NIFTY breaks below 17470 :- Carry forward sell below 17468 for target 17241/17127 Breaks should be on the closing basis of the daily candle OR trade can be taken after 3:00 /3:15 PM if levels are broken. This is...
MAHLOG | Highl probable trendline + 200 EMA breakout - Potential for 25% CMP : 546 (Dip : 515) SL : 470 Target : 640 1:3+ risk reward setup
NSE: TCIEXP is closing with a bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along with the trendline support over the past few days which is creating the up trend. One can look for a 10% to 14% gain on...
NSE: POWERGRID is closing with a bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along with the trendline support over the past few days which is creating the up trend. One can look for a 8% to 12% gain on...
From the past 2 trading days, we have been mentioning the crucial figure of 18090 in our Morning Mantra updates. And just as we had already stated, similarly Nifty can be seen facing a Resistance at the stated level. As even after making a high of approx 18088 yesterday, Nifty missed crossing over above 18090 by just 2 points. This however raises a little...
SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing. SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes. Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular...
Banknifty after 2 days of consolidation has given a gap up above the resistance level of 40700 The market in the second half has given a nice up move. On the hourly time frame, the market has closed above 40850 level. The market on the 15 minute time frame has taken a nice support from its 20 ema. Support :- 40670, 40550-70 Resistance :- 41000, 41290 The...
NSE:AXISBANK #NSE:AXISBANK shared and reached T1 and heading towards T2 levels updated.
The positive momentum is still continued in the Market. Also the positive FII buying is continuously trying to support the Market for a new high by this Diwali. On the other hand, the supply is clearly visible on the upper levels, as of now. However, we are still with our words that with the support of 17300, if Nifty manages to stably cross over above 18090,...
RITES | Looks good for 25% @ This price the dividend yield is 6% CMP : 248 SL : 225 Target : 310 1:3 risk reward setup The dividend yield may attract the bulls.
Zydus Livesciences Time Frame: Weekly Name of Pattern: Hammer View: Potential reversal What is a Hammer Candlestick? The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing...
NSE:DMART Avenue Supermart (D Mart) Time frame : Daily Strong Support : 3242 - 3330-35 Support Retested at 3331 Price Action : Hammer at Support inside buying zone 3205-3357. View : Long term BULLISH above 3407 Trade : Buy @ or above 3407 after open Stop loss : For Long term 4% or 3270. For Swing Trade 3304. For Intraday 3363 Target: 3530 - 3650 - 3740-...
NSE: CGPOWER is closing with a breakout bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along with the trendline support over the past few days which is creating the up trend. One can look for a 11% to 15%...
Analysis of Parallel channel: -In the chart, the Parallel Channel PC-A and PC-B are of exact width recently the daily candles of PARAS tested the levels of lower of the channel PC-B -And strongly reversed back as closed above the mid line of PC-B at 715 -Now an opening above this level strongly expects near target of touch the upper lines of PC-B, i.e. 790 -And a...
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC GHCL (CMP: 649.15) Technicals: -Respected the midline of PC at 680 levels and went down to lower line -Recently tested the lower line of PC at 600 levels and taking support of the same -Confirming candle for close above 660 will take to the target of 860 in near short term -For Swing...
NSE:LEMONTREE #LEMONTREE reached T3 with 21% BOOK/TRAIL to safeguard your profits.
NSE:AXISBANK #NSE:AXISBANK formed beautiful #Cupandhandle pattern. Closed above resistance level. sustained above the level may show good momentum.