FinNifty has closed 280 point lower on the daily charts, testing the 200 ema. The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels. It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the...
Nifty on the weekly charts is holding the higher levels. Still the index is looking confused about the tren. It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages. There was a consolidation on the last trading day and chances of a trend move in the coming session is...
Grasim Cmp 2169 dated 9-2-2024 1. Rectangle Consolidation BO above 2185 2. Bullish Engulfing candle Bu above 2185 target 2200-2225-2250-2275-2300-2340 SL 2100 It is just a view, please trade at your own risk.
Dalmia Bharat Cmp 2127 dated 9-2-2024 1. Hammer Candle @ support 2. RSI reversal from support Buy above 2140 target 2180-2225-2250-2275-2300 SL 2070 It is just a view, please trade at your own risk.
NSE: ASTRAL is closing with a bullish consolidation 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 reversed at key support area which is indicating demand. One can look for a 11% to 16% gain on deployed capital in this swing...
Petronet LNG Cmp 270 dated 9-2-2024 1. Three Black crows @ top of the chart. Sell Below 264 target 262-258-254-250-246-241 SL 280 It is just a view, please trade at your own risk.
Confirmations:- 1] market structure shift 2] order block 3] fvg entry 4] trend continuation 5] engulfing bar candlestick confirmation Target:- 1:3.5 RRR
Go Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85 Reasons to go Long: 1. On a daily timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 3. Also a bullish candlestick pattern Bullish...
In the Weekly Chart of SRF , we can see that, it is at decision making point. expected momentum is shown in chart.
In the Weekly Chart of DMART , we can see that, it is at decision making point. Possible momentums is shown in chart.
In the Weekly Chart of ATUL , we can see that; it is holding its position since 2 weeks with a Hammer candle. We can see a Upward momentum from here.
In the Weekly Chart of HINDZINC , we can see that, it has multiple rejections at Trendline. Also, it is shrinking and has multiple rejections at 320 levels. We can take an entry at 320 level with 310 as SL.
In the Weekly Chart of ALKYLAMINE , we can see that; it has rejections at Trendline. Let it forma hammer candle or decisions making candle to take an entry.
In the Weekly Chart of HINDUNILVR , we can see that, it is at decision making point at 2400 levels. Possible momentums is shown in chart.
In the Weekly Chart of DEEPAKFERT, we can see that, it is coming down to the last Support. 500 level can act as strong support. If you see a Bullish hammer candle in Daily or Weekly TF at 500 levels, you can take an entry
In the Weekly Chart of RAJESHEXPO , we can see that, it is near lowest level. will there be a W pattern breakout and stock will move up OR selling will still continue. It has made a Decision making candle. Enter on breaking its high with low as SL.
In the Weekly Chart of HEROMOTOCO , we can see that, it got very strongly rejected at 1700-1720 levels. 1400 level can act as support. Let it form a Hammer candle to generate a Bullish momentum.
WEEKLY TF ANALYSIS As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775 , 575 should be support zone. I am...