NSE: MANAPPURAM 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...
Gold Mcx Hammer found near support Target - 59259 Stop Loss (Closing basis 1hr time frame) - 58670 Risk - 1 Reward - 4 Disclaimer - This chart is only for educational purpose Do your own study before taking any trades
As we can see NIFTY remained sideways throughout the day despite us discussing about the strong up move that could possibly be witnessed. Now that NIFTY can still be seen maintaining itself above our demand zone and hence long positions can be made BUT following the global cues, we can expect NIFTY to open weak and hence as long as NIFTY sustains itself above our...
VIPCLOTHNG | Cup & Handle breakout - Looks potential for 30-40% short term CMP : 51 SL : 44 Target : 72
NSE: UFLEX is closing with a bullish consolidation 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 11% gain on...
NSE:ABCAPITAL formed hammer on support zone and on lower level of parallel channel and gave closing above the hammer candle on Daily TimeFrame. Entry : 184.55 Target : 192.5/193.6 SL : 175.5 RR : 0.88/1
As we can see despite NIFTY being weak, it managed to sustain itself above our given level and we did discussed that every dip is a buying opportunity till the level is not broken and sustained below hence now our view still remains intact and the sign of REVERSAL visible could act as a catalyst for further UPMOVE from here so plan your trades accordingly everyone
Adani Enterprise Cmp 2482 dated 25-9-2023 1. Hammer Candle @ support 2. Higher Lows. Buy above 2490 target 2510-2525-2540-2555-2570 2585-2600 SL 2425 It is just a view, please trade at your own risk.
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade. Entry : 4920.30 Target : 4650 SL : 5225 RR : 0.9
NSE: RBLBANK 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 11% gain on...
NSE:MCX Multi Commodity Exchange of India Ltd is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange. MCX formed shooting star at daily timeframe (and gave closing below it) on resistance of parallel channel. Entry : 1796 Target :...
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...