NSE:BANKNIFTY
Observations:
1) On daily time frame,Friday it has closed above 21DMA and on 01-11-2021 it took support from 21 DMA and made bullish candle.
Please refer below chart : 1 day Time Frame.
2) On daily time frame, If we apply Fib retracement then we can see that it has given good upmove from 61.8% level of FIB retracement.
Please refer...
NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it has been trading between 10DMA and 21 DMA since last 3 days.
10DMA is immediate resistance which is placed at 490.46 level range.
21DMA is placed at 446.24, which will work as majort support level.
Also last two candles are having very small body. And longer lower wick.
Please refer below...
NSE:NIFTY
Observations:
1) On daily time frame, we can see that 50 DMA range is working as support and before touching it, it gave good upmove movement. Now it is in between 21DMA and 50DMA.
50DMA will work as support. 50DMA is placed at 17592.53
21DMA will work as immediate resistance. 21DMA is placed at 18015.91 level.
Please refer below chart : 1day...
NSE:HDFC
Observations:
1) On daily time frame, we can see it took support from 50DMA and managed to close above it's critical range of 2823-2828 level range.
If it gives again a dip till 2823-2828 level range and gets support then it will be quick buy trade.
Please refer below chart : 1day Time Frame.
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Trade...
Price has completed the corrective wave 4.
If the price doesn't break the 3rd wave's high, then the corrective wave will begin. Furthermore, the 4th wave can be extensive (between the range of 1014 - 1475).
The target for Swing Traders:
Target 1: 1525
Target 2: 1632
Target 3: 1764
The target for Day Traders: 1455-1479-1490
Intraday & Short-term outlook of Nifty 50:
Nifty has completed motive wave (iii) at 17792 .
Wave (iv) is forming and, it can have a common retracement of 38.2% .
The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169
According to the rule of corrective wave, it remains under the channel.
And the impulsive wave...
Is Yes Bank Making A New Low?
The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days.
But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range....
NSE:BANKNIFTY
Observations:
1) On daily time frame, we can see that it tested critical support of 38500 level range and managed to close above 21DMA which is placed at 38992.41 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the...
NSE:NIFTY
Observations:
1) On daily time frame, we can see that it has broken the support trendline which was given in previous trade setup.
Now it is near to it's 50DMA which is placed at 17565.31 level.
There will be chance that if it test this level and gets support then we can see a good bounce back.
And this bounce back will be to test the support...
NSE:HINDUNILVR
I am posting this as one of the follower requested on twitter.
Observations:
1) On daily time frame, we can see that it is trading below 200DMA which is placed at 2429.01 level.
Also it is in the critical zone of 2365-2400 range.
If we see in past, it stays below 200DMA for short time only.
Safe positional buy trade will be only on...
NSE:SUNPHARMA
Observations:
1) On daily time frame, it just closed at 50DMA.
50DMA is placed at 795.19 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we already know it has been trading in up trend parallel channel.
And it took support from middle trendline of parallel channel.
Please refer below chart : 1day...
NSE:GUJGASLTD
Observations:
1) On daily time frame, we can see it take good support from 200DMA and bounce back.
But still in the downward parallel channel. Breakout of parallel channel will make it in up trend.
We can see major resistace at 640 level.
Please refer below chart : 1day Time Frame.
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For positional...
NSE:RAMCOCEM
I am posting this from one of the follower's request on Twitter.
Observations:
1) On daily time frame, we can see it took Good support from 50DMA and gave breakout of 1050 level.
If it gives dip till 1040/1050 level and takes support from it then it will be buying opportunity.
Target will be 1140.
Please refer below chart : 1day Time Frame....
NSE:TATAPOWER
Observations:
1) On daily time frame, we can see it took support from 21DMA.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it is facing resistance from one trendline and keep on taking support from 200 level.
Major support level is 200 Level. Breakdown of 200 level will make it bearish.
Please...
NSE:CDSL
Observations:
1) On daily time frame, we can see 50DMA is working as support.
In last session, It took support from it closed with bullish candle.
So Major support range is 1290-1300 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, we can see that it is taking support from major support trendline.
And also it...
![BANKNIFTY: Simple Trade Setup | BANK NIFTY | 02-11-2021 [ INTRADAY]](https://s3.tradingview.com/a/Ar76aljO_mid.png "Simple Trade Setup | BANK NIFTY | 02-11-2021 [ INTRADAY]")
![TATAMOTORS: Simple Trade Setup|TATAMOTORS|02-11-2021[INTRADAY & POSITIONAL]](https://s3.tradingview.com/v/V91mpr96_mid.png "Simple Trade Setup|TATAMOTORS|02-11-2021[INTRADAY & POSITIONAL]")
![NIFTY: Simple Trade Setup | NIFTY | 02-11-2021 [INTRADAY]](https://s3.tradingview.com/u/USkfycq3_mid.png "Simple Trade Setup | NIFTY | 02-11-2021 [INTRADAY]")
![HDFC: Simple Trade Setup | HDFC | 01-11-2021 [ INTRADAY ]](https://s3.tradingview.com/d/dqLL4Ftj_mid.png "Simple Trade Setup | HDFC | 01-11-2021 [ INTRADAY ]")
![BANKNIFTY: Simple Trade Setup | BANK NIFTY | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/e/EkYeMwUP_mid.png "Simple Trade Setup | BANK NIFTY | 01-11-2021 [ INTRADAY]")
![NIFTY: Simple Trade Setup | NIFTY | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/j9nm72Og_mid.png "Simple Trade Setup | NIFTY | 01-11-2021 [ INTRADAY]")
![HINDUNILVR: Simple Trade Setup | HUL | 01-11-2021 [INTRADAY]](https://s3.tradingview.com/3/36qAxkE6_mid.png "Simple Trade Setup | HUL | 01-11-2021 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/k/kSBe9akl_mid.png "Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]")
![GUJGASLTD: Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]](https://s3.tradingview.com/a/AApuPONI_mid.png "Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]")
![RAMCOCEM: Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/x/xt9uMq8C_mid.png "Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/j9ZH7e5E_mid.png "Simple Trade Setup | TATAPOWER | 01-11-2021 [ INTRADAY]")
