HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss. Other indicators:- Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe. Trend= ADX's value is...
#M&MFIN (D):-179.35 CMP, looks good for more upsides :) 1) Multi-Breakout :) 2) Volume Breakout
ICICI BANK has formed a higher high but the RSI was same as the previous High. According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears. I am not 100% sure about it but let me know what you think about it.
With bank nifty this CNXFINANCE also seems to outperform...
The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.
CNX FINANCIAL is making a H&S in hourly time frame. Below 16200 it could cover the gap at 15800
Analysis Marked on chart Good above 420 Levels Weak below 385.50 Levels
Current near previous sideways price action area, so can take a little support. But after doing some short retracement should head towards the down side again.
Bel 140 Banknifty 33000 Ntpc 100 Itc 220 Idfcfirstb 50 Torntpower 340 Tatamotors 260 Siemens 1700 Recltd 150 Bergepaint 800 Godrejcp 800 Pvr 1500 Tcs 3300 Zeel 230 Voltas 920 Tvsmotor 520 Dabur 550 Hindunilvr 2400 Pel 1600 Reliance 2000 - Above is an important level that is highly likely to act as support / resistance for intraday purposes - Price reversing /...
The introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
BREAKOUT FOLLOWED BY RETRACEMENT IS THE BEST PATTERN TO TRADE ON Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. ...
After a long one sided rally we are seeing some divergence in indicators. Likely some correction.
IBULHSGFIN is trading in a Rising Channel and making HL Looks Good for long above 198.80 Level (Green Line) In Case of Breakdown it is Weak Below 190 Level (Red line) Between Green and Red Line in No Trading Zone.