Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected...
As we can see BANKNIFTY opened exactly around the resistance and showed a good rejection with over 200++ points downfall but it eventually recovered in the second half and closed around its opening price which is a good resistance hence we have previously discussed about the given levels being an important resistance so we may expect BANKNIFTY to again reject at...
Monthly Expiry Special Daily Learning Day-52 Learn to Plan Monthly Expiry
HEG LTD SELL ON DOJI LOW BREAK,as it has high volume +doji form on top with 1:2 minimum
Dabur showing support+bullish engulfing +breakout retracement go for buy above high of last candle for1:2 triple confirmation trade
BALRAMPUR CHINI BUY ABOVE HIGH OF DOJI FORMED TODAY,As it is breakout + support+retracement doji on support buy with minimum 1:2 take profit
At support Formation of hammer Bounce back Rsi in oversold Zone
Dear All, So finally yesterday, Nifty had touched the level of 17800 . However, being unable to sustain over the same, it failed to give us a closing of above the stated level, and ultimately we got to witness a closing of 17769 approx. Besides that, we had also witnessed a selling pressure in many of the stocks, yesterday. Well Just as we had...
As we can see though we discussed BANKNIFTY is getting weaker but no confirmation was seen as neckline of the double top pattern was not breached and hence we can see a better place where BANKNIFTY can show stronger rejection as it is currently hitting its next psychological level and it’s important resistance of 42800-43100 level hence these levels could show...
Daily Learning Day-51 Nifty Daily Chart Analysis. Continuation or Breakdown
Buy on dips. Target - 3200 Risk:Reward -- 1:3 Entry - 2580 Stoploss - 2370
Raymond Ltd Cmp 1192 dated 29-3-2023 1. Bullish Engulfing Candle near the support. 2. RSI reversal Buy Above 1215 for target 1240-1280-1320-1360-1400 SL 1150 It is just a view, please trade at your own risk.
KPR MILL BUY ABOVE high of doji as it is breakout +support doji formation butt be carebul above it has a resistance can go for trade for minimum 1:2 target if it breaks above resistance can fly
As we can see after much of consolidation we did see a strong recovery from the level and the trendline as we were expecting since very long hence we can still expect NIFTY to show upmove as long as the level is protected and eminent target can be seen around 18000 which is also a psychological level and important supply zone hence we can still expect the bull run...
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...
TATACOFFEE | Falling wedge breakout - Looks potential for 15-20% CMP : 213 (Dip : 210) SL : 200 Target : 240 1:4 risk reward setup
OFSS | Solid breakout - Looks potential for 20-40% CMP : 3420 SL : 3150 Target : 3900, 4500 1:3+ risk reward setup
DELTACORP | Channel + Flag breakout - Potential for 15% CMP : 198 (Dip : 195) SL : 190