Angel One had given a good rally after its IPO and after reaching a certain level, profit booking can be seen in it but if you look at it in a weekly timeframe and draw Fibonacci then you can see that it is taking support at 0.61 and also form a hammer candlestick pattern.
In the Weekly Chart of METROPOLIS , we can see that, after 4 weeks of slow selling, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of BALAMINES , we can see that; it has created a Decision making OR Halt candle. Enter on breaking of high with Low as SL.
In the Weekly Chart of GMMPFAUDLR , we can see that, after strong selling, it has created a Pinbar. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of GNFC , we can see that, it has created 2 pinbars in same range. Enter on breaking of inside Pinbar high with Low as SL. If it shows a Up move, it might form Right shoulder in coming time.
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Also, Pinbar is created. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of DEEPAKFERT, we can see that, it is holding itself near Strong of 500. Also selling has stopped. Enter on breaking the candle's High at 496 with SL as 748 and Go long for 2 years.
In the Weekly Chart of ASIANPAINT , we can see that, it in in same range since 3 weeks. Enter on breaking of Pinbar high with Low as SL. Possible Momentums are shown in chart.
NSE: SHANTIGEAR 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 11% to 17% gain on...
As we can see NIFTY slowly but surely moving strong from our demand zone thought not of movement can be witnessed in chart but the strength is quite evident in bigger time frame. Now we may see NIFTY take another dip towards our demand zones before finally breaking out strong as we can see signs of indecisions so plan your trades accordingly.
Nifty has given a 2% fall in a week and closed above 22k levels after testing 21900 levels. It consolidated around the higher level and gave a fall, there is a probability of it continuing the fall. If there is a gap down opening and a retest of the current support level of 21900, a bearish trade can be initiated after a negative price action around it. In...
A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as...
As we can see NIFTY followed exactly what we expected! It tried breaking it psychological level but failed to sustain below and showing a false breakout, it railed above. Based on the global scenarios, we may expect a strong opening hence if NIFTY manages to hold its strength then we may again see NIFTY rallying strong upside but can lead to sideways to negative...
NSE: DELHIVERY 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 12% to 20% gain on...
As we can see NIFTY has finally achieved the strong demand zone and a psychological level of 21800 level. We may expected a strong opening and signs of REVERSAL from here but in case if NIFTY fails to hold and sustains below 21800 level then we may see another weakness from here and a rise of new trend which is downtrend. We may also expect NIFTY to do false...
1. Support levels are highlighted as S1, S2 & S3 2. Heavy Selling 3. Negative News
As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT....
Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a...