As we can see BANKNIFTY showed a unidirectional move as analysed in our previous post as it held up and sustained itself with the strong opening. Now watching thebgloval scenarios, we can again expect BANKNIFTY to open strong and hence until we are above the zone, every dip will be a BUYING OPPORTUNITY. There might be some volatility due to oncoming elections...
NSE: CANFINHOME is closing with a bullish consolidation breakout 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%...
As per Short Term Trading Analysis Edelweiss Financial Services Ltd Looks Buy side. As per Data available on NSE Promoters are Increasing. and Volume is also Increasing. Buy This Stock Near 45-46 Level stop loss 37, target 70,80 Time Frame 7-8 Months Only For Educational Purpose.
Today's market had a clear direction in the first hour, but now the market is a little bit risky. Those who made money in the morning should opt out of trading entirely. However, the market might be sideways to bearish until 2 PM. Since today is the monthly expiry, its better to sell OTMs on a spike (44200 and 44700 with proper risk to reward). There can be a...
NSE: TTML is closing with a bullish consolidation breakout 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...
Namaste! I have been tracking ITC for quite some time. Now, I see an upcoming bearish momentum in the coming weeks. Q: Why am I saying this? A: Well, all time high of ITC was Rs 367.70. It broke it's multiyear lows (of Rs 178.65) on 09 March 2020. So, it can be a long term pattern of "lower lows and lower highs". This price can be the next lower highs. Profit...
As we can see BANKNIFTY rallied over 700++ points which was much expected as we said BANKNIFTY has formed a doji and break on either side could show a unidirectional move and it did that. Now that BANKNIFTY has already rallied, we can see it closing at important supply zone which is not expected to be broken very easily. Hence, we can expect BANKNIFTY to take a...
- Volume - IB - VCP - Breakout Sabh toh chart mein bata diya hai bhai! Learn and Earn!!!!
A fantastic morning star pattern in downtrend could push the price upwards with momentum. But risk is always present in trading.so,trend line being the target for short time.
As you can see here Granules India chart, what does this chart show? This chart shows us that it has given a breakout of a beautiful pattern i.e. flag and pole on a monthly time frame. As you can see on the weekly time frame, the stock had broken its nearest resistance and now it is ready to move more on the upside. So now we can plan an entry for upside momentum,...
From the levels of 412 the stock has bounced up creating higher lows. Three white soldiers is a bullish candle formation. A weekly close above 572 can push the price higher. Immediate target of 610 and 650 in the short to medium term. Post which we can see levels of 700. Support levels at 530, 500 and 480. Always trade with a strict stop loss of 5-8%. Note:...
As we can see despite the weakness in first half ! BANKNIFTY managed to break and sustain above the resistance following NIFTY but in a daily time frame it can be seen making a Doji candle in right at the zone making a zone of indecision hence now if in coming days if BANKNIFTY manages to sustain itself above the candle we may see a new ATH else we can witness...
Nifty major levels. Support :- 19830, 19730, 19670 Resistance :- 20010, 20135, 20200 The index has closed above the resistance level of 19850. There are high chance of market going bullish as the major resistance has been breached. Wait for the price action near the levels before entering the market.
Banknifty major levels Support :- 43860, 43750, 43580. Resistance :- 43980, 44080, 44180. Market seems to go bullish as per the daily closing and there are chance of market picking up momentum after cross the round number of 44k. Wait for the price action near the levels before entering the market.
NSE: AMBUJACEM is closing with a bullish swing reversal 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...
Balkrishna Inds Cmp 2500 dated 22-11-2023 1. Inside Candle 2. RSI rise Buy above 2515 target 2540-2575-2590-2620-2650 SL 2450 It is just a view, please trade at your own risk.
Namaste! Yes Bank has been a favourite stock for retail public. Due to it's penny price, it attracts a lot of retail attention. I think it is a good time to invest in Yes Bank because of following reasons. 1. According to me, any retail person will think of Yes Bank and Idea, if he has given a choice to buy some large-cap stocks. Generally, businesses like...
HindPetro Cmp 310 dated 17-11-2023 1. Bearish Engulfing @ top 2. Price fall with Volume Rise Sell below 308 target 300-295-290-285-275-270- 260 SL 330 It is just a view, please trade at your own risk.