M&MFIN | Trendline + Channel + Small flag breakout - Looks potential for 30% CMP : 190 (Dip : 185) SL : 170 Target : 240 1:3+ risk reward setup
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
As we can see NIFTY again started to show rejection around the given levels and we are expecting a good downfall from given levels till 17800 levels which will be seen as a healthy retracement hence we might see a sideways market till then hence until NIFTY breaches 18200 levels with proper sustainment we won’t be seeing any further upmove hence keep watching...
Dear All, So yesterday was another day of Consolidation where Nifty is somehow trading in between the levels of 18200 and 18000. Moreover, since today is the day of weekly settlement, so be cautious . For now, 18200 will work as a level of Resistance and 17800 will be our nearest support level. In the meanwhile, keep following the Cherry...
A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If...
LT has given a breakout from rising wedge pattern. However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario. One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
MCDOWELL_N | Channel breakout - Has good room for 10-20% CMP : 793 SL : 750 Target : 870, 940
Dear All, So, Yesterday we had witnessed a beautiful Gap Up Opening in Nifty, just as we had stated in our last Morning Mantra update. Well for now, since Nifty is still trading above the neckline of the inverted head and shoulder, i.e., above the level of 17800 . So, we can now shift our stop loss level from 17300 to 17800 on weekly basis. ...
Jubilant Foodworks analysis 1. Bullish divergence on the daily chart. 2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish. 3. in today’s session (20th March 2023), the relative strength of the stock is good. 4. Volume in today's session was more than average volume. 5. Bullish engulfing...
As we had been analysing since last few days that BANKNIFTY is reaching its initial supply zone from where we can expect a rejection and we did see a strong rejection being shown on the chart from the psychological level of 43500! Also based on global cues we can expect more of gap down opening tomorrow to which next eminent demand zone can be seen around 42600...
BUY orient cement nice breakout + bullish engulfing on support 1:2 minimum
L&T TAKEING NICE SUPPORT WITH HIGH VOLUME ON DOJI,can look for atleast 1:@
Pay attention to gold for some bearish moves once the pair break below 1974 support area we can see this pair target back into the next major support around 1979 area. watch good for price action and take advantage of the opportunity.
Dear All, A New Start of the Month with a New and Fresh Bullish Reversal Pattern on the Monthly Chart of Nifty, i.e., Morning Star Doji, is somehow indicating that Nifty can cross the previous all time high of 18887.60 in the upcoming days. On observing the day chart, Nifty has successfully crossed its neckline of 17800 level. While on the ...
Stock is at weekly support with a strong bullish PIN Bar. View Bullish Category CASH-FO Weekly Time Frame
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again...
As we can see BANKNIFTY broke all of its RESISTANCE and moving up unidirectionally since the retest of the trendline! watching the chart we can see BANKNIFTY has more room for upmove till 43600-43500 which is its next psychological level and order block from where we can expect BANKNIFTY to reject and show retracement hence every dip now is a buying opportunity...
JUSTDIAL | Channel breakout within channel - Trying to capture a 10-12% CMP : 620 SL : 590 Target : 700 1:2+ risk reward setup