-a buy confirmation was there but market -(24-9-2020) was not in favour , it was 1 % down already simple strategy with with simple price action thoughy HIGH AND LOW OF FIRST CANDLE IS NOT THE SECRET
PLEASE SEE CHART FOR DETAILS TARGET 1: 1300 TARGET 2: 1400 STOP LOSS : 1065 **These are my personal observations. Please trade at your own risk.**
ENTRY :- BETWEEN 1697-1728 SL :- 1551 TARGET :- 2100 Earlier dmart price has retraced twice from levels of 1697-1728 as shown in the figure It can be a good retracement trade !! Follow Entry,SL & Target Properly !!
Eicher motors just crossed resistance and had a small rally now formed dark cloud, it will fall now.
Add this stock to your portfolio when comes below the key level mentioned on the chart. Even though the volume is giving sign of short end but key break on daily chart of major trend gives an indication and opportunity to add
Castrol India to watch out for fall on the week and daily chart for important support line
Nifty made a in between candle, shows indecisive in a market. big support is seen around 9650range below 9730 level it can go more down.
We had give a call on 30th May sunpharma that it has a stiff resistance at 483. Stock moved from 474 to 483. Today the stock reached 483 and reversed as per our analysis. Today, If you see daily chart of sun pharma the candle formed is of exact size of 30th April will almost same low high and open and close. what does it indicate.. it indicates that the sellers...
Dear All, I am new on this platform and would like to learn and share my ideas. IF you see today's Auro Pharma's chart on 15min timeframe then you will see a shooting star pattern and could have short this scrip as after this it touched 648 as low. Thanks.
educational purpose
The index bounced back today after correcting during the week. As mentioned that the narrow range candles have created value area which will act as resistance in the coming weeks. The weekly candlestick pattern is not very encouraging for bulls. We have an immediate support at 12130 levels, Nifty is expected to hold on to this to maintain the gains. Above this...
A decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet...
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. Reward is 4 to 6 times.
On the daily charts a clear sign of range shift is visible on RSI. Right now the stock is at immediate resistance of trend line, above which the stock can further scale higher. On the weekly charts we notice RSI taking support on 40 levels, hence yet another signal of strength. The macd on the daily charts is above zero line. Overall the stock is painting a...
PRICOL has given a break out from long term downtrend as well as short term consolidation. Also it cleared 200 EMA on daily timeframe and near term resistance with huge volume. It might retrace a little bit for good entry opportunities but has 2 major resistance areas at the levels of 44-48.
Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart. Our levels worked very well today too. What Next? Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone. But nowadays sentiment is positive...