As we can see NIFTY showed a strong reversal despite touching our reversal levels but we did expect a strong movement from our demand zone. Now we can see it has closed below the channel which could potentially act as a RESISTANCE hence unless NIFTY closes inside the channel until then we cannot confirm this as a false breakdown and can expect further downfall so...
BUY HDFCAMC Entry - 3780 Target - 4180 Stoploss - 3580 Risk Reward Ratio - 1:2
After 3 days holiday markets will open tomorrow. Banknifty has been halting around the higher levels and constantly facing rejection around 48k levels. On the weekly charts, there is a bullish move in the market and seems to continue as nifty is around the highs but banknifty is still lagging behind it. An inside candle has been formed on the daily charts and...
Nifty has given a break down of the parallel channel and has closed below the 22k levels after a gap up opening. Even 20 ema, on the daily chart, is breached and closing is much below it. Today, not the index even the stock has given bearish move. There were chance of a retest but from the morning nifty was in a bearish mood. It can given another red candle as...
As we can see NIFTY fell unidirectionally exactly as analysed in our previous post and we also mentioned about the supposed panic that could occur with the break of lower trendline and we did see that. now nifty can be seen heading towards very important support or demand zone of 21800 which given NIFTY more room to move hence if NIFTY weakens and reaches 21800...
Currently NAVINFLOUR is trading @ 52 Week low and Still it is showing Sign of weakness with Respecting 20 day Moving Average. Short May-2024 Futures and Buy 2800 PE of March-2024. Stoploss - 3150 Target :- Exit position Until It breaks Previous day high or Recent Market Structure. Note:- Only For Educational Purpose.
ITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation....
As we can see NIFTY remained sideways to negative as analysed in our previous analysis. We further saw that NIFTY had been trading in the lower half of the channel and has not yet reached the lines to take support hence we may expect NIFTY to correct more, If in case it breaks below then we may see a panic in NIFTY else any signs of rejection around those could...
Nifty has given a nice break out of the parallel channel and now is retesting it. On the hourly charts, the market seem to consolidate around the support levels. If there is a gap up opening, a bullish trade can be captured in the index once it crosses 22420 levels with the targets of ATH. Major support levels :- 22240, 22170 The market is in a bullish mode...
FinNifty has closed 140 points lower after a consolidation on the higher levels. Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels. It has taken a good support from the support zone around 20830 and closed near the zone. Major support levels :- 20800, 20720 Market on the higher time frame is in a bullish trend and...
NSE: LINDEINDIA is closing with a bullish swing reversal candle supported with 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 the horizontal support for the past few days which is indicating demand. One can look for a 10% to 14% gain on...
#jswenergy Strong Breakout and Sustaining strongly on Quarterly Chart. Good to Hold for Swing, Short and Long-term #Investment. Strong on Technical's. Charts never Disappoint me !
💎 MDT has recently formed a cup and handle pattern along with CHoCH and BOS, indicating a shift towards a bullish market structure and increasing the likelihood of a bullish move. 💎If the price of MDTUSDT breaks above the resistance level, it could signal a continuation of the upward trend, with potential targets extending to the next resistant levels. In the...
Chola Finance Cmp 1083 date1200-1225 SL 1035d 7-3-2024 1. Morning Star Candle in a downtrend. 2. Price Rise with Volumes 3. RSI reversal Buy above 1090 target 1105-1130-1150-1170-1190-1200-1225 SL 1035 It is just a view, please trade at your own risk.
In the Weekly Chart of ZEEL , we can see that, it has created a Bullish Hammer candle. Enter on breaking its High with low as SL.
In the Weekly Chart of OAL , we can see that, it is at decision making point and Hammer candle is created. We might see a big recovery from bottom. Enter on breaking its High with low as SL.
In the Weekly Chart of DABUR , we can see that, it can start a bullish momentum. Take a small trade at 540 with SL as 528.
In the Weekly Chart of RAMAPHO , we can see that, it has made a Decision making candle at support. Enter on breaking its High with low as SL.