BEPL | Excellent setup - Short term looks 20-30% CMP : 124 (Dip : 120) SL : 115 Target : 145, 155 1:4 risk reward setup for first target Weekly chart looks potential for 70% - I'm visualizing Cup & Handle making, reversing from 200 EMA + Fib + Strong demand zone
Banknifty has formed a beautiful bullish engulfing candle after testing its 20 DMA. Banknifty remained strong and in the last trading hour crossed yesterday’s high and closed above it. Market gained about 400 points and crossed hourly 20 ema. On 15 minute time frame analysis, Banknifty crossed its 200 ema and closed above it. Support:- 38766, 38510,...
Nifty has tested its 20 DMA and gained momentum after testing the level. Market has on the daily close basis has gained 90 point after a gap down of 130 points. There is a V-shape recovery on hourly time frame and a Head & Shoulder pattern breakout is there on 15 minute time frame analysis. The market has closed between 20 and 200 ema on 15 minute and gained 50...
Going down ! just trap for bulls don't take any long position NSE:INDHOTEL
NSE:LEMONTREE #NSE:LEMONTREE looking to be solid Demand Zone, where the High Consolidation point. Looking to be entering in to that zone to bounce back. Complete levels with targets marked on chart !!
Good Morning! Just as we had stated yesterday, similarly we did observe a significant supply in the Market, yesterday itself. However, we are extremely delighted that we could timely pre-update our viewers & listeners about booking profits in the already accumulated stocks. As per the current scenario, we can observe the formation of an evening star doji...
Nifty as predicted remained for selling and fell around 250 points, taking away the gain of 5 days in just 2 days. Market has given another bearish candle. The market fell below 17500 in the last hour of the trading session and closed between 20 and 200 ema. On 15 minute chart analysis, the market has formed a bearish moving average crossover and travelled...
NZDCAD Sell trade opportunities NZDCAD has broken the Support trendline and closed below with a very strong Bearish candle its a good opportunity to take a sell trade and the target will be the next support line ‘Always trade with Stop Loss "
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
NSE:FORTIS #NSE:FORTIS formed beautiful rounding bottom and given Resistance BO and the level retested, fair chances to move up with decent volumes. SL 280, Target Open. Our friends got this level @ 248 and now trading @ 298 !!
Good Morning! Just as we have been repeatedly stating since the past few days, about booking profits in the already accumulated stocks, similarly we did witness a significant supply in the Market on the last trading day. Moreover as of now, we can witness the formation of a bearish engulfing and a shooting star on the daily and weekly chart, respectively. Which...
Just like Nifty, Bank Nifty formed a bearish engulfing near top and chances are high that from here prices may reverse. Short Sell Bank Nifty Sell Below 38800 SL Above 39800 Target 1 36000 Target 2 35000
Nifty has formed bearish engulfing on daily basis and shooting star in a weekly chart. Dual bearish candle at downtrend line showing weakness in Nifty. RSI is in overbought zone and now started moving down from above 80 to 70 level. Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse. Nifty Short below...
Bank Nifty 38986 dated 19-8-2022 1. Bearish Engulfing Pattern. At top of the chart. Sell below 38800 for tgt of 37400-37050 SL 39500 It is just a view, pls trade at your own risk.
Above weekly chart shows a bearish sign by forming Shooting Star Pattern @ falling trendline resistance which is not good for short-term. This one sided rallied from 15200 levels shows that bulls are getting exhausted & over stretched. So it may cool-off & may re-test breakout zone. This view will be invalid if shooting star pattern high is broken out on WCB.
Bearish engulfing pattern & closed below falling trend line resistance. This candle high to be taken out on DCB for further up move. On the flip side 17245_17390 is the next support zone & 16660_16795 will be the next big support zone
DJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300