Nifty50 trading range can be for this week 18435-18900 but only after breaking 18650 educational idea
Dear All, A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888. As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure...
i) Bearish candle on weekly charts. ii) High Probable MACD crossover to happen on daily chart. iii) RSI Bearish Divergence iv) Levels to watch for more downtrend 2923.
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Nifty has almost touched the high and given a marabozu candle on the weekly charts. The market on the higher time frame is forming a double top pattern. Market, on the daily time frame, is taking support from the 20 EMA and has closed below the recent support level of 18680. If the fall continues, there are chances of market testing 18500 levels. In the last...
BODALCHEM | One more place to average / can buy fresh also CMP : 72 SL : 65 Target : 100 More than 1:3 risk reward setup
DMART | Breakout and retest + Excellent area of value, Looks potential for 20% CMP : 3744 SL : 3520 Target : 4570 1:3+ risk reward setup
RSI Divergence on daily chart, long wick from Top on weekly chart i) Gap at 197.5 crucial, if it breaks, can go down to 190. ii) RSI Divergence on daily chart. 16jun to 23rd Jun candle. iii) Big supports at 194.
Lic housing finance 1Dtf forms a perfect evening star pattern at a resistance which is a sign of trend reversal. Stock looks bearish
LIC Housing Finance faces the selling from the previously formed supply zone and forms a spinning top candlestick pattern on a daily time frame. apart from this, a blue line shows the weekly time frame support trendline and red line shows daily support.
As we had been analysing since past few days that NIFTY just broke its trendline below and turned itself from uptrend to DOWNTREND with the break of previous swing leading to change of characteristics. Moreover we can see NIFTY has formed more like Head and Shoulders pattern which is also a REVERSAL pattern which could potentially change the overall trend to...
HARSHA | Simple triangle breakout - Looks potential for 15% CMP : 470 SL : 450 Target : 520 Almost 1:3 risk reward setup
Short MGL below 1015 target 1002. Reason for Sell, Stock is making lower highs and lower lows and can try to fill the gap. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Watch the trendline breakdown for BPCL. should make 1 -2 halt candles and then breakdown will give good fall. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
In the Weekly Chart of GAEL , we can see that; it is in decision making state. Possible momentums are shown in chart. Stay Tuned if it forming Cup & Handle.
Buy Birlasoft above 346 Target 1 = 355, Target 2 = 365 SL = 339.5. Reason for trade, Stock is in good up move have given pullback and now again ready to move up. Also RSI amd Moving averages are strong. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Sell Chambal Fertiliser below 272 target 267, 261. Reason for Sell, Stock is in downtrend and has halted for some time between 280 to 273 range breakdown of 272 can give target of 267 and 261. It's safe to book profits at 267 levels. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial...
NATCOPHARM | Excellent Flag setup CMP : 654 (Dip : 620) SL : 610 Target : 770