The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details Entry 190 SL 181 Target 205 Disclaimer : All ideas are my personnel view. Please take financial...
Last week Nifty had a classic doji on weekly chart. It failed to cross previous week's high of 10078 levels. Banknifty also created Doji candle on weekly chart. (However it crossed previous week's high by few points!) Trade set up - Short positions can be created with the stop loss of 10080 - 11000 levels. Fresh longs can only be initiated only above the given...
Box type consolidation breakouts/breakdowns happening in #AbbotIndia as described by Nicolas Darvas in his book "How I Made $2 Million in the Stock Market" www.amazon.in …
cmp - 82.40, in monthly it is has bounced from horizontal support zone. final support at 50. In weekly regular bullish divergence and morning star pattern formed. 1st tgt - 114, 2nd tgt - 160
The Pharma index NSE:CNXPHARMA seems to have resumed its uptrend today after consolidating for about a month. After a pullback from 636 to 566 levels, looks like Aurobindo Pharma NSE:AUROPHARMA is all set to start the next cycle of uptrend. I can see that the stock has reversed after retracing 61.8% of the previous upmove and formed a Bullish Engulfing...
The daily chart of USD/JPY is in uptrend. It has formed an evening star pattern which signals profit booking might be on the cards. We expect the pair to face some selling pressure for now.
Crude oil TVC:USOIL fell sharply from 75 levels to make a low around 67. However, this low is higher than the previous one so the rally may not be over yet. I can see that the price has bounced back after retracing around 61.8% of the previous upmove, forming a Bullish Engulfing candle. So we might be in for another cycle of an uptrend in Crude. As long as...
After the seemingly never ending uptrend, looks like HDFC Bank NSE:HDFCBANK is facing resistance around 2220 levels. I can see that the stock got rejected at the trendline and also formed an Inverted hammer with Bearish Divergence. It may come down to 2000-2100 levels. Good opportunity to short here with a small stop loss. Disclaimer: Views expressed here...
After a huge upmove from 232 to 289 levels, SBI NSE:SBIN entered into a consolidation zone for a month. However, I can see that it has bounced back strongly after retracing 61.8% of the previous rally and has formed a Bullish Engulfing candle. Looks like it is all set to begin next phase of rally after retracement. Good opportunity to go long here with a stop...
the stock had not performed yet , and is one of the most badly beaten stocks in the IT sector thus , now to maintain the index the stock need to perform and current structure as far as its above 650 looks very well!
THE INDEX HAS ENGULFED ABOVE THE CLOSE OF THE PREVIOUS BAR. STOCKS LIKE BOI AND BANKINDIA AND CANARA BANK HAVE ALSO SEEN BULLISH ENGULFING PATTERN BUY ANY OF THE ABOVE STOCKS WITH A SHORT TERM VIEW
BULLISH ENGULFING IN ICICI BANK JULY FUTURES invst.ly BUY@267 STOP@262.5 TARGET@272.5 LOT:2750 QTY:1
Maruti seems like good long positional trade. I am long in futures market since 8900.In my previous chart I had explaind that I was waiting for a bounce from about 8873. On 3rd July I entered long. Immediate Target ~9600. SL below 9000. Maruti put OI has max addition at 9000 strike and call OI has max addition between 9400-9700 strike. These could form the basis...
After making a high around 11080 levels on Thursday, Nifty NSE:NIFTY witnessed heavy selling pressure and could not hold on to 11000 levels. I can see an Evening Star like formation here with a large Bearish candle. Sold 11100 calls in the morning as soon as it broke 11000. There are multiple supports around 10900 and 10700 levels. However, I think call...
inverted hammer formed after a downtrend Target: 52 SS: 46.50 NSE:TV18BRDCST
Bearish Abandoned Baby pattern after the uptrend is indicating the potential reversal at this level. The pattern is quite reliable and candlesticks offer good early entry with affordable SL so my mates can use it for their trading. RSI is also coming out of overbought region confirming the weakness. Disclaimer : All ideas are my personnel view. Please take...
Stock has formed bullish Wolfe wave that offers a good trade with small risk and if works and achieve the target it has potential of 4 times the risk being taken. Details are as under Entry 53.6 SL 52.2 Target 57.6 RR 4 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.