As we can see BANKNIFTY has not yet breached the lower trendline despite NIFTY’s weakness which has breached the lower channel. Though BANKNIFTY is yet to take support at lower trend line, we may expect BANKNIFTY to show REVERSAL from given zones hence any signs of REVERSAL at the trendline could be a good buy keeping SL closing basis below the trendline so plan...
Nifty is around the ATH and there is profit booking at the higher levels. The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey. Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily...
HINDALCO | Strong breakout and retest - New trend ahead CMP : 625
YESBANK | Excellent gambling bet 😋 CMP : 22 SL : 18
Since the channel has been broken wave iii is complete and we are in a wave iv . It has reached wave 4 of one lesser degree . Since wave iii is a 5 wave move with and extended wave 1 , we can expect correction till wave 2 of one lesser degree ie the blue patch shown . Note we can initiate buying only when reversal with support occurs eg Hammer , Morning star ,...
As we can see NIFTY broke down our channel and fell unidirectionally despite our view being on the buy side as we expected a strong REVERSAL from given levels. Now we can see it has formed more like a marabozu candle in daily time frame showing weakness hence if NIFTY opens weak to flat then we may see another strong downfall else if opens strong and inside the...
After Claimed 10EMA IT is ready for new run? IT Index is consolidate at support line and after break 33800 they will upwards.
Godrej Consumer Cmp 1169 dated 19-4-2024 1. Flag Pattern, taken support @ lower trend line. 2. Hammer Candle @ support Buy above 1176 target 1200-1230-1250-1280 SL 1130 It is just a view, please trade at your own risk.
In the Weekly Chart of DELHIVERY , we can see that, after breakout, it has done a very strong consolidation. Also, now it has created a Hammer candle. Enter on breaking its high with low as SL.
In the Weekly Chart of PARAS , we can see that, it has started to become bullish. This Defense Sector stock will show a good run in next 4-6 months. Expected momentum is shown in chart.
In the Weekly Chart of HGS , we can see that; it has shown a recovery sign from 720 levels. Now it has created a Halt candle. Enter on breaking its high with low as SL.
In the Weekly Chart of TATVA , we can see that; it has made inside Decision making candle. Enter on breaking its high with low as SL.
In the Weekly Chart of TATAELXSI , we can see that, after breakdown, it has created a Hammer candle on support trendline. Enter on breaking its high with low as SL.
Go Long above 93.95 for Targets of 105.65, and 125.15 with SL 90.05 Reasons to go Long: 1. On a weekly timeframe if we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is...
Go Long @ 4160.1 for Targets of 4456.75, 4753.4, 5050.05 and 5346.7 with SL 3863.45 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Go Long @ 6195.1.1 for Targets of 7060, 7550, and 8040 with SL 5700 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer...
Go Long @ 2915.1 for Targets of 3110.2, 3305.3, and 3500.4 with SL 2720 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami...
In the Weekly Chart of DELTACORP , we can see that, after the breakdown, it is trying to recover. Inside & Hammer candle is formed. Enter on breaking its high with low as SL.