Good Morning! Just as we had been stating about our positive expectations to witness the level of 16700 in Nifty. Similarly, we did observe a closing exactly near the stated Resistance level on the last trading day. Moreover, along with observing a good stock specific momentum in most of the stocks, we have also beautifully covered the journey from 15300 to...
Birla corporation looking good on weekly chart break falling resistance line and closed up, it is looking alike that perfectly bounced from its support zones or demand zones Cause of long-: 1- Falling resistance line breakout 2- Bounced from demand zones
Go Long above 1694.1 for Targets of 1897.45, 2100.8, and 2304.15 with SL 1490.75 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish...
DIXON | Comfortable breakout - Looks potential for 20% CMP : 4630 SL : 4350 Target : 5700 Almost 1:4 risk reward setup
KAJARIACER | Channel breakout - Looks potential for 25% CMP : 1128 (Dip : 1080) SL : 1030 Target : 1350 1:4 risk reward setup
Nifty has crossed and closed above its 20 ema on weekly time frame and has given a nice bullish candle. Markets are bullish and has gained 5%(approx) this week. On a daily time frame, the market has close above its 200 ema. The market has been taking support from its 20 ema on 15 minutes time frame. There are sign of another bullish week. support :- 16485,...
As we can see NIFTY finally reached the zone which previously acted as a strong support is now ready to act as a strong resistance p! it had been acting as a reactive zone and hence one can expect a slight correction from these levels and hence one can prepare to sell on every rise till 16850 being the final level
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...
Canara Bank Cmp 229 dated 22-7-2022 1. Rectangle BO @227 2. Doji Candle on chart. Buy above 332 for a tgt of 237-252-260-275 SL 217 It is just a view, pls trade at your own risk.
ICMC BO on #SAGCEM Buy on retest of 180, Tgt 200 / 210 Stoploss 165 daily close Positive MACD Divergence since mid-Jun to end -July
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...
Good Morning! What a wonderful week it was. As we are now just few points away from reaching the level of 16700. Where as we have already stated earlier about the positive market sentiments, a weekly closing of above 16700 will boost the market conditions once again. Moreover, the best part in the past few days is the positive buying from FII. If Nifty...
WHIRLPOOL | Looks good momentum for 15% CMP : 1710 (Dip : 1670) SL : 1600 Target : 1960 1:3+ risk reward setup Fun fact : Earlier 2 times i shared this WHIRLPOOL chart in tradingview, both the times the setup failed and stoploss is hit.
WHIRLPOOL | Trendline breakout inside channel for 25% CMP : 2305 (Dip : 2100) SL : 1970 Target : 2900 1:3 risk reward setup
Today's price-action makes a (almost) Bullish Engulfing Patten in NSE:NIFTY1! The next level of Resistance based in previous price-action (based on RSI) is shown.
FEDERALBNK | Simple channel breakout - Potential for 15% CMP : 107 (Dip : 104) SL : 98 Target : 125 1:3+ risk reward setup
MOL | Breakout from the consolidation CMP : 141 (Dip : 135) SL : 125 Target : 165 (Based on Fib) But usually this kind of breakouts are highly potential for trending moves.