In all parameters, NSE:JUBLFOOD is in downtrend. However, one contra trade is looking for risk-worthy due to: 1. A (almost) Marubozu candle formation after a prolonged downtrend in daily chart. 2. Accorded by RSI +ve divergence 3. Per Ichimoku strategy: a. Price is crossing the T (Tenkan) line b. K (Kijun) line is becoming flat, means going to...
Hindalco at short-term trendline support, also near 50 EMA which will act as a strong support point. Historically, in the past year, the stock has reversed most of the time from its 50 days EMA. Can go long here with SL below last swing low of 438, aiming for a target of new ATH of 600, giving a 1:4 R:R .
#Here on the daily chart of UPL, the trend is down since the month of june and now the trend is showing some signs of reversals. A divergence can be shown between Price and RSI, price is making lower lows but RSI is continously making higher lows. #When we put a bollinger band over the price chart, we can see a "W" bottom pattern has formed on the same lows. 1st...
NSE:SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level. A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away. Price...
VOLTAS is making a rising wedge pattern. The obvious move will be a break down of the wedge as suggested by the Divergence on RSI. Since price is moving up but momentum is slowing, a correction is expected. This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation. Short below 820. Target 1-...
Nifty continues to consolidate and show respect to the over-head zone of resistance. An Inside Bar after today’s close will definitely encourage contrarian traders to take a short position below today’s low. Now that will be a pretty risky bet for which the immediate levels to watch for on the downside will be at (11,780-11,800). If you go short, please be agile...
overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
LONG TRADE IN BANKNIFTY INDEX NOTE:- -THIS TRADE IS CONTRARIAN VIEW -TRADE WITH CAUTION VIEW:- -INDEX IS TESTING ITS 21-EMA AFTER A LONG TIME EXPECT A REBOUND -200-BAR EMA ON HOURLY CHART IS TAGGING ALONG WITH CRUCIAL RETRACEMENT LEVEL TRADING VIEW ACC.TO SPOT LEVELS BUY@31300 STOP@31050 TARGET 1@31600 TARGET 2@31750 LOT:20 QTY:5
bearish on sbin for near term with a target of 320 -312 levels