As we can see NIFTY did show strong REVERSAL from our demand zone as analysed in our previous post but failed to sustain itself at higher levels and fell down closing at our zone. Now we can expect NIFTY to remains BULLISH until NIFTY manages to sustain itself above our given zone being every dip as a BUYING OPPORTUNITY so plan your trades accordingly.
In the Weekly Chart of HFCL , we can see that, it has Respected the Inverted Head & Shoulder Trendline. We might soon se a strong breakout. Enter on breaking Candle's high i.e. 78.60 with SL as 71.20. Book your profits as per your RR trade plan.
In the Weekly Chart of IITL , we can see that, it has multiple rejections at 110 level. Also, multiple Pinbars are created near trendline. Trade with strict SL.
In the Weekly Chart of ROUTE , we can see that, it might soon give a Inverted Head & Shoulder breakout if it breaks the trendline. Enter of breaking the high of Pinbar with low as SL and Go Long.
In the Weekly Chart of TATACHEM , we can see that, after the rejections at 1000-1020 levels, it looks like it has entered the Bearish flag. Keep the Pinbar's low as SL ( Marked with arrow ).
In the Weekly Chart of JUSTDIAL , we can see that, it has retested properly and now it has created a Pinbar. Enter on breaking its high with low as SL. Also, we can see that it under the formation of a big Cup & Handle. Keep in radar for better % of gains.
Triple bottom pattern appears to be formed on closing of 22nd trading session in BankNifty and price closed near supply zone, which indicates BULLISH REVERSAL . We can wait for the trendline break to confirm the reversal or personally i will go long at the market opening since there is a Bullish engulfing candle formation in 15 min timeframe at the support...
In the Weekly Chart of RELINFRA , we can see that, it strongly moving in upward direction. Also, it is looking very promising for next year. please keep a track on RELINFRA for better % of gains.
In the Weekly Chart of MINDTECK , we can see that, it has made decision making candle. possible momentums are shown in chart.
In the Weekly Chart of TAINWALCHM , we can see that, it has multiple rejections at 135. possible momentums are shown in chart.
In the Weekly Chart of GLAND , we can see that, it has created a Pinbar on support. Enter on breaking its high with low as SL. First target 2200. Second target 2600.
In the Weekly Chart of RAJESHEXPO , we can see that, will there be a W pattern breakout and stock will move up OR selling will still continue. Possible momentums are shown in chart.
In the Weekly Chart of RAJESHEXPO , we can see that, it is near lowest level. will there be a W pattern breakout and stock will move up OR selling will still continue. Possible momentums are shown in chart.
NSE:DRREDDY Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company based in Hyderabad. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy manufactures and markets a wide range of pharmaceuticals in India and overseas. DRREDDY forms Bullish Marubozu on...
NSE:SBICARD SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card launched in May 1998 by State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired stake in the company. SBICARD gave BO of Bullish...
NSE:LALPATHLAB Dr Lal PathLabs Limited is an Indian service provider of diagnostic and related healthcare tests. Based in New Delhi, the company offers tests on blood, urine and other human body viscera. After a downtrend, Lalpathlab gave BO of Bullish Harami candlestick pattern. Entry : 2239.35 Target : 2352 SL : 2155 RR : 1.34
Candle formation and wedge is supporting the down ward journery of nifty towards 19k
Banknifty is going to be zig zaging towards 40k initially and then consolidate