NSE:SBILIFE formed an evening star after an uptrend. Entry : 1334.2 Target : 1271 SL : 1395 RR : 1
NSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF. Entry : 484.50 Target : 464/448 SL : 510 RR : 0.8/1.4 (2nd target for better Risk Reward Ratio)
NSE:IDFCFIRSTB formed Hammer on on Daily TF taking support on 21 ema. The stock is above 21 ema from past 6 months, and it bounces from 21 ema as it touches it. Entry : 94.55 Target : 100.25/104.5 SL : 88.85 RR : 1/1.75
NSE:HINDCOPPER formed Hammer on Daily TF. Entry : 161.95 Target : 172.30 SL : 150 RR : 0.87 Can hold position for RR : 1
The Algo which i have published buys when the low of the currenct candle is less than the low of the previous one. So on days like today, when the markets were falling like nine pins and there was no where to hide, this algo keeps getting triggerred and long term investors get to buy at lower levels steadily. Low cost of buying of quality stocks and their...
Forming Reversal Chart pattern on Daily time frame - A reversal pattern in technical analysis is a chart pattern that indicates a potential change in the prevailing trend of a financial asset. These patterns suggest that an ongoing uptrend or downtrend is losing momentum and may be about to reverse direction. Traders and investors use reversal patterns to...
Weekly Technical Analysis of Gold MCX Futures : - As discuss in the previous week's Technical analysis, Gold is following a strong bullish price action, with good volume followed by breakout on daily chart. In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
As we can see NIFTY had been rejecting from 19500 level zone since last month making it weaker. Hence more retests of the given level could lead to breach of the level resulting in good fall. Till NIFTY secures our psychological level of 19500, we can still expect a strong RECOVERY in the first half so plan your trades accordingly.
Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts. The market has been volatile and still confused in deciding the trend. It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening. Market has been consolidating in a range...
In the Weekly Chart of JSWHL , we can see that, After breakout, it has retested and created a Hammer candle Enter on breaking Candle's High with low as SL. Hold till upper target. Expected momentum is shown in chart.
In the Weekly Chart of BLUEDART , we can see that, After strongest W pattern breakout, it has gone side ways. Now it has a Decision making candle. Enter on breaking its High with Low as SL. Possible momentums are shown in chart.
In the Weekly Chart of OAL , we can see that, it is at decision making point. Possible momentums are Shown in chart.
In the Weekly Chart of KOTAKBANK , we can see that, it has mad a bounce back from trendline. Possible momentums are shown in chart.
In the Weekly Chart of HEROMOTOCO , we can see that, it is same range since 4 weeks. Possible momentums are shown in chart.
Scalping position during US session. If it Tests and makes a Engulfing Bullish Candle. Take position. TP1 near 1980. BE+ SL to Entry. Will Enter this trade. Only for Educational Purpose. No Guarantee on Profit or Loss.
KOTAKBANK | Clear sight on the target ? CMP : 1765 SL : 1690 Target : 2000 1:2+ risk reward setup
NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend. And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.
As we had analysed in our previous post that we might see NIFTY heading towards 19500 levels which could act as a POTENTIAL SUPPORT and we can expect REVERSAL from here and we did see that but closed below our zone which shows our levels has been acting well hence we can expect NIFTY to reject and respect our levels before finally breaking out huge so plan your...