Nifty has given a good move and The moving averages are close enough. The market remained in a bullish mood and closed above 17300 gaining around 1% The market has stretched and can retest before giving another momentum. Support:- 17400-30, 17500(round figure) Resistance:- 17280, 17100 Wait for the price action near the levels before trading the markets.
Good Morning! What a beautiful week, What a beautiful Month of July it was! Where, finally Nifty did beautifully fulfill our expectations of witnessing a crossover of above 16700. Not just that, but after it’s crossover, a beautiful recovery was also witnessed in the Market, just the way it was predicted. So, as of now, the index is indicating a very good...
NSE:HAVELLS #HAVELLS inverted head and shoulders pattern with levels. stock also trading near to TL, and high chances to BO.
Banknifty on monthly and weekly chart has given a strong closing and has closed just below 37500 levels. The markets are looking bullish even on higher time frames. Banknifty has filled the gap and a closed only 100 up. The market has traded around its 20 ema on 15 minute time frame. Support :- 37400, 37160, 36900 Resistance :- 37530, 37965 The markets are...
Nifty on monthly and weekly time frame has given a breakout of 20 ema and retested it. A nice bullish candle is there and the market has subtended to a nice level above 17k. On daily time frame, nifty has crossed and tested its 200 ema and sustained above the 17k level. The markets on the higher time frame has turned bullish. There is bullish moving averages...
Pattern shooting Star High 3317.30 1:1 ratio target 3247. MACD Divergence Negative. Time-frame 1H
As the resistance zone is broken and if in next session the high is of the previous day gets broken then we should enter into trade and the levels are given in the above image.
As you can see the share price is near it's resistance zone and hitting upwards so if the resistance is broken you can go long on Tatasteel. Buy above: 112 Target: 122 Stop loss: 107
FINCABLES | Retesting the demand zone - Potential for 35% CMP : 550 (Dip : 525) SL : 500 Target : 750 1:6+ risk reward setup P.S : We can keep SL with some more buffer also based on indviduls risk appetite - i dont have stoploss on this stock upto 450 - as i'm long time investor in this stock.
SAPPHIRE | Flag setup - Potential for 30% CMP : 1148 (Dip : 1100) SL : 1060 Target : 1450 Pros : Flag, RSI, Risk reward Cons : Wick on 6th July candle, My last 4 flag setup's failed when posted :) 1:4+ risk reward setup
NAUKRI | Simple breakout - Looks potential for 18-35% CMP : 4336 (Dip : 4200) SL : 4000 Target : 5000, 5700 1:3+ risk reward for first target
CNX CONSUMPTION has been out performing broader markets on the back of impulsive move that price has shown. Following are the reasons for considering current rise an "Impulse" 1)Wave 2 has not retraced more then 61.8% wave A 2)Wave 2 has taken equal time as wave 1 took to form 3)No part of wave 3 has touched 0-2 trendline while its advance.(not shown...
This is 1D timeframe. Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head. Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade. Will wait to get a closing above 20th July candle with volume support. Then I can target the 1660-1670 zone. I can keep stoploss...
NSE:INDUSINDBK #INDUSINDBK formed beautiful rounding bottom and stock trading @ key resistance level. Post breakout sustainability can give good bullishmomentum. Chances for Slight pull back. Don’t enter without knowing the support.
Good Morning! Well, just as we had stated about witnessing a boost in the market sentiments above the level of 16700, similarly right after a breakout of above the stated level, Nifty went straight for the levels of 16947, as the day’s high, yesterday. Moreover, with our stated support level of 16300, we are still quite positive on the Market as we expect to...
ALKYLAMINE | Falling wedge breakout - Potential for 30% CMP : 2864 SL : 2680 Target : 3700 1:4 risk reward setup
KPRMILL | Channel breakout ahead - Potential for 25-30% CMP : 578 SL : 530 Target : 750 1:4 risk reward setup
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