Step #1 How to Identify the ORB Nr4 The ORB pattern is defined as a trade taken at a fixed value of the opening range. The Opening range Breakout trade is more effective if taken after an inside day that has its daily range smaller than the previous 3 days, which is where the Nr4 stands for. You have three candles followed by another candle with a daily range...
BTST IN CANBK FEB FUT PIERCING LINE PATTERN +RSI ABOVE 30 BUY@235 STOP@228 TASRGET@245 LOT:2000 QTY:1
Reliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day....
BTST IN NIITECH NOTE:IS ALSO GIVEN AS A POSITIONAL TRADE EARLIER ADD UP TRADE HOLDING MOVING AVERAGES WITH A PIERCING LINE CANDLESTICK PATTERN ITS LOOKING GOOD FOR A BREAKOUT JAN FUT TRADE BUY@1155 STOP@1140 TARGET@1172 LOT:750 QTY:1
Buy Wipro for 1st week of New Year. I think it will increase in the coming week and will cross resistance level of 333 within next week. In the coming week you can keep target upto 337 and Stoploss at 324
I think that Just Dial will fall on last day of December. Stock has taken support on 504 and on 31st it may cross 504 level.
Today you can short RIL based on candlestick pattern of RIL, stock has given gravestone doji like structure and stock may become bearish to cover the gap which it has given days earlier. Stock may take support at 1150 or below that and you can place Stoploss at 1146
BTST IN HDFC DEC FUT PIERCING LINE CANDLSTICK PATTERN?? BUY@1940 STOP@1910 TARGET@1970 LOT:500 QTY:1
looks good on chart throw and revresal with mutliple support like gap support and retracement reversal can give good up move in bear market
On Daily Chart , Yes Bank has formed Morning star candle stick pattern , Which is considered Bullish . Additionally Stochastic RSI indicator is in Over sold region and its signal line has generated Buy signal. Moreover it has crossed & closed above Rs 167 which has served as strong support during previous two fall. It is going to give a good up move if it...
BANKNIFTY WAIT AND WATCH EVENING STAR CANDLESTICK PATTERN FORMED WILL STILL WAIT FOR BREACH OF 200-DMA TO EXECUTE SHORT IF 200-DMA HOLDS THEN THERE CAN BE MORE SIDEWAYS ACTION.
This is weekly chart of BANKNIFTY on NSE (INDIA) with CMP @ 25,737.50. Critical analysis/observations as mentioned below suggest that we may take short term bullish view: 1. Price was following a rising channel from December 2015 till price broke down in Sep 2018 as indicated on chart. 2. During rise in price (MARCH 2018 to AUGUST 2018), it can be seen that it...
This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations: 1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections. 2. Price has broken previous high made in...
This is weekly chart of MARUTI on NSE (INDIA) with CMP @ 7165. It seems to be a good investment opportunity in this scrip based on following observations: 1. During the week starting 10th July 2017, there was sharp fall in the price and then immediate recovery in the same week. It entails that huge demand surfaced in the week. Again the same level has been tested...
This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart: 1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows. 2. Trendline drawn on the chart has been tested several times (marked by...
BUY TECH MAHINDRA ABOVE 663 FOR TARGETS 671/678/686 SL 650
TCS IS CURRENTLY IN DOWNTREND. HOWEVER EXCESSIVE PUT WRITING CAN BE SEEN AT 1800 SUGGESTING BEARISH REVERSAL. BUY TCS ABOVE 1836 FOR TARGETS 1845/1856/1870 SL 1821. HARAMI BULLISH AND HARAMI CROSS IN HOURLY CHART.
BUY WIPRO FOR 325/330/335 SL 308