INDUSTOWER | High probable trendline breakoutINDUSTOWER | High probable trendline breakout
CMP : 340 (Dip : 300)
SL : 250
Target : 700
Looks like some turnaround story ahead, i suggest take a small position without SL and that is how i've taken.
Candlestick Analysis
COFORGE - Weekly AnalysisIn the Weekly Chart of COFORGE ,
we can see that; after Inverted Head and Shoulder breakdown, it did not sustain and we saw a downfall.
we saw a very strong bounce back from 4300 levels.
Also, now it is creating a very strong price action and slowly moving in upward direction.
Enter on breaking Candle's High with Low as SL.
Expected momentum is shown in chart.
INFY - Weekly AnalysisIn the Weekly Chart of INFY ,
we can see that, it has shown a very strong bounce back from 1350 levels..
After Bounce back it has shown respect to the move and created a inside candle.
Enter on breaking Candle's High with Low as SL.
Expected momentum is shown in chart.
TMB - Weekly AnalysisIn the Weekly Chart of TMB ,
we can see that, it has again tested the last FIBO level and strong buying has happened in it.
After bullish candle it has created a Halt candle.
Enter on breaking Candle's High with Low as SL.
Expected momentum is shown in chart.
SOUTHBANK - Weekly AnalysisIn the Weekly Chart of SOUTHBANK ,
we can see that, it is same range since weeks.
After testing the Trendline it has now created a inside candle.
Enter on breaking Candle's High with Low as SL.
Nifty weekly expiry analysis for 13/06/2024.Nifty for the last 3 trading session has been forming doji candle around the higher levels.
The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles.
Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to hold the higher levels.
Major support levels :- 23235, 23160
Nifty is still trading above the moving averages. Moving averages strategy may trigger and can give the targets.
If nifty starts trading below the first support zone, a bearish entry can be made with the target of next support zone.
In case of a gap up opening, today's high will act as the resistance and in case is starts trading above the high, bullish trade with 50-60 points as SL can be carried in less quantity.
There are chance of a retracement in the market. If there is a gap down opening below the support zone, wait for the market to get rejection from the zone and trade accordingly.
Wait for the price action near the levels before entering the market.
LANCER | Channel support + 200 EMA + Good valuation (25 P.E)LANCER | Channel support + 200 EMA + Good valuation (25 P.E)
CMP : 62
PFIZER | Looks good for 25% short termPFIZER | Looks good for 25% short term
CMP : 4928 (Dip : 4700)
SL : 4500
Target : 6200
1:3+ risk reward setup
IOLCP | Looks good for a big reversal - Potential for doublingIOLCP | Looks good for a big reversal - Potential for doubling
CMP : 380 (Dip : 350)
SL : 290
Target : 830
2 Amazing Swing trading ideas for 11 June I daily make educational content videos for swing / positional trading
AVANTIFEED | Trendline breakout looks potential for 60-70%AVANTIFEED | Trendline breakout looks potential for 60-70%
CMP : 615 (Dip : 570)
SL : 470
Target : 970
1:4+ risk reward setup
AWHCL | Strong range breakout and retestingAWHCL | Strong range breakout and retesting - currently has excellent risk reward
CMP : 438 (Dip : 380)
POLYMED, Hanging Man candlestick pattern formed on the Daily tfAfter a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels.
The EMA bands are also indicating for a trend reversal.
Thanks
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IDFCFIRSTB | Monthly range breakout and retestingIDFCFIRSTB | Monthly range breakout and retesting at strong demand zone
CMP : 77 (Dip : 70)
GUJGASLTD | Trendline + Flag breakout - 30-40% rally aheadGUJGASLTD | Trendline + Flag breakout - 30-40% rally ahead
CMP : 588 (Dip : 540)
SL : 500
Target : 750
HCLTECH, Stock of the WeekAfter a strong hammer candle from the low, the price has formed a three soldiers pattern.
Also the price has given the breakout of the LTMA band.
CMP:1,431.50
R1-1,531.45
S1-1,350.90
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BALRAMCHIN | Yet another Cup & Handle is in makingBALRAMCHIN | Yet another Cup & Handle is in making with good risk reward
CMP : 400 (Dip : 350)
Long_Heritage FoodsCurrently Heritage Foods given Breakout @ Previous levels with Bullish candle confirmation
Go long in Next candle open and Don't Exit the Trade for next 5 yrs.
Fundamentals:- CBN, New CM of Andhra Pradesh and there family is having huge stake in this company.
Happy Trading!!! Only for educational purpose.
ATH_Bharthi AirtelCurrently Bharthi Airtel Showing good upside possibility with technical confirmation.
Go long in Cash market and Wait for opportunity to trade in F&O with daily timeframe confirmation.
Stoploss Previous candle Low or Market structure in weekly Timeframe once price moves to favour.
Happy Trading!!!Only for educational Purpose.
Wipro @ SupportCurrently Wipro is showing Good possibility upside of 25 - 30% upside.
Bullish candle confirmation at Support along with Natural barrier 200 EMA.
Go long in Equity in next candle 🕯️ Open and wait for Entry in daily Timeframe to get opportunity in F&O.
Happy Trading!! Only for Educational Purpose.
Uptrend Metal Stock_Tata Steel
Currently Tatasteel trading around 178, Stock closed for the week with Technical Confirmation.
Bullish 📌 Bar at uptrend with respecting 20 EMA in weekly Timeframe.
Go long in Equity with Current Stoploss of 147 and Wait for Pullback in daily timeframe to trade in F&O.
S&R_Ramco Cements
Currently Ramco Cements trading @ Support, Having Upside possibility with 24% till Rs.1041.
Go long in Cash Market and wait for pullback to Give entry in daily timeframe for F&O.
Exit the trade when price closes below previous candle Low or Stoploss level.
Happy Trading!! Only for educational purpose.
ATH_M&MCurrently M_M Auto Share closed @ATH with Technical Entry.
Bullish 📌 Bar @ ATH.
Ride the trend until it breaks previous market structure or Previous weekly candle Low.
Long_Cash Market/Futures of Aug-2024/3000 CE of June 2024.
Only for education purpose!!
Happy Trading.
