As we can see NIFTY showed a strong reversal from the trendline as we analysed in the last post and showed over 100++ points of recovery but failed to continue its up move as it got rejected from the above trendline, Hence we can expect NIFTY to show a strong movement from here as if it breaks and sustains itself then we can see NIFTY making new high else nifty...
NSE: BODALCHEM 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 13% gain on...
CoForge Cmp 4996 dated 21-8-2023 1. Inside Candle made 2. RSI reversal 3. Reverse near Support Buy above 5021 tgt 5100-5150-5225-5285 SL 4900 It is just a view, please trade at your own risk.
Nifty on the weekly time frame has given a gravestone doji which shows some negativeity as it is sitting near the support levels of 19250 which has been tested many times. If market starts trading below the support level other supports are far enough to give a nice swing trades. On the daily time frame, market opened gap down and has formed a doji candle closing...
IIFLSEC | Trendline breakout - Looks potential for 30-35% CMP : 78 SL : 65 Target : 115
targets green entry point blue sl red ..RRR 1:2 , 1:4 Considering the ABC correction wave in DXY, a potential short opportunity arises during the B-wave's rebound. This setup offers an attractive risk-reward ratio, targeting the expected C-wave decline. Caution: Monitor closely for any sudden changes.
In the Weekly Chart of HINDZINC , we can see that, it has mad a Decision Making Candle. Possible momentums are shown in charts.
In the Weekly Chart of KOTHARIPRO , we can see that, after multiple failures of Cup & Handle, it is now ready for big move. Expected momentum is shown in chart.
Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle. On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages. Global market are too trading in negative and if nifty starts trading below 19250...
@khc is looking attractive for medium to long term buy (< 1 year). This level is good to buy a major portion for those looking to make 20-30% returns in 6months to 1 year timeframe. The stock is bound for long rally once the downside is over.
NSE: SPIC 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 14% gain on...
Bajaj Auto Cmp 4601 dated 16-8-2023 1. last 2 candles taking support at the support line. 2. Today's candle is Inside Candle 3. Very Good RRR Buy abv 4615 target 4650-4700-4750-4780 SL 4540 It is just a view, please trade at your own risk.
Hello traders, Post market analysis 23 Aug It was a great recovery from the Low of the day, forming a very bullish candle on Daily chart, closing near day's High. expecting continuation of this newly gained Bullish momentum. trade plan for tomorrow 24 August: 15 min close above last session's High keeps me in a long trade, and 15 min close below 44400 is...
Hello traders, Post market analysis for 23 August: today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472. If we look at Daily chart, we can see three consecutive HH & HL. Amidst traders anticipating a Bearish move, market...
Symmetrical triangle pattern formation in PFC in 15 min timeframe Please find the levels marked on the chart If price gives break out: First target - 277.20 (52 week level) If price breaks down: First target - 267.40 Second target - 265.45 Stop loss could be at the end of the wick of the first opening candle. Happy Trading Cheers
NSE: PARADEEP is closing with a bullish momentum 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...
As we can see despite a strong opening NIFTY remained sideways to negative throughout the day as we analysed in the previous post. Now following the global cues we can expect a flat to negative opening for NIFTY and expected to remain negative throughout the day until NIFTY takes support at trendline or the demand zone mentioned in the chart so plan your trades...