As we can see BANKNIFTY is showing signs of REVERSAL around trendline which has been respected by BANKNIFTY in bigger TIME FRAME. Hence if BANKNIFTY opens flat and crosses 46200 then we might see another strong unidirectional upmove in BANKNIFTY so plan your trades accordingly. JAI SHREE RAM
FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In...
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NSE: TEJASNET 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down. The closing is ,below 20 SMA and EMA, around the day low. MAJOR SUPPORT :- 21500 If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280. Nifty is 2% down while banknifty is...
Breakout with strong volume - 1. 5 mo uptrend 2. Flag breakout awaited 3. Sideways for more than 2 mo 4. Falling volume during sideways - accumulation 5. Respects 50 DMA for support
JKLAKSHMI | Cup & Handle setup - Looks potential for doubling based on depth of the cup CMP : 862 SL : 730
As we can see NIFTY finally showed unidirectional fall after resisting from our previous acting SUPPORT but managed to recover almost in V SHAPE. Since looking at chart it makes very evident that NIFTY should resist from here and continue its fall but market also does opposite of what’s most expected hence we can expect NIFTY can show temporary weakness but...
NESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe. A few points to note: 1. There is a weekly reversal sign (bearish - Evening star pattern) 2. The stock is below 50DMA 3. Ascending wedge pattern - Usually is a bearish sign. 4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
Career Point Ltd has broken out-Broke Supply Zone. It may soon act as a demand zone. Good Volume Buildup is seen. Expect a retest to 240 levels.
Single day fall of 2k points in banknifty is showing a bearish sentiments. A break out of the consolidaiton box is confirmed. Now the market is standing at 46050 and a clear support of 46k can be seen. If 46k levels is gone another day of selling may be there. Major support :- 46000, 45650 Market closing below the 20 ema and near to day low. Watch market price...
NSE: HOMEFIRST 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 15% gain on...
MGL | Multi year channel breakout - Has potential to double CMP : 1300 (Dip : 1150) SL : 1000
Stock has given the BO of the 1800 level in first week of 2024 and made W pattern. Stock has retested this 1800 level last week which is a good sign. This 1800 level is a strong resistance from last 3 years, since 2021 and now acting as a support. This makes a good swing trade opportunity. TGT : 1950, 2100, 2250 SL : 1650 This analysis is just for educational...
Stock has been consolidating in a range from many days.Volume breakout has happened today. Stock should sustain above 850 for couple of days for confirmation. Levels mentioned on chart. Highly risky trade.
As we can see NIFTY has shown strong bearish candle but managed to close above our given level but this level has been tested many times now making it very weak hence if NIFTY manages to open above 21450 and breaches our level we may see another 200-300 points unidirectional fall and agressive short positions can made with great R:R so plan your trades accordingly guys
Balkrishna Inds Cmp 2480 dated 21-12-2023 1. Bullish Piercing Candle @ support (Reversal) 2. RSI reversal Buy above 2486 target 2540-2575-2590-2620-2650 SL 2425 It is just a view, please trade at your own risk.
BLS International Cmp 274.45 dated 10-11-2023 1. Rectangle Consolidation BO @ 290 2. Bullish Engulfing Candle 3. 71% holding with Promoters & 7% with FII's (78% in strong hands) 4. Almost Debt free Company Buy above 278 target 290-300-325-350 SL 255 It is just a view, please trade at your own risk.