Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves.
Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday.
Today, we have ICICI bank's results which decide the Bank Nifty's run.
In the above...
Aegis logistics stock price has been falling since July month. But it has now neared a point where a possible reversal may be seen.
The RSI on weekly basis is indicating the stock as undervalued and more importantly, this is nearing the XABCD bullish crab pattern's terminal bar price.
in the past, we have seen a very good reversal from the terminal bar price of...
Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and...
ONGC is trying to break the Bullish Rectangle pattern.
Buy above 164, but volume confirmation is crucial. Stop loss at 153.
The target is set by XABCD bearish crab pattern and bullish flag pattern.
Happy trading :)
This is just for educational purposes.
Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...
Union bank has come out of the trading zone and looking bullish. The volumes are supporting the breakout.
Consider buying on a pullback or buy and trail continuously. If the trade the trade goes wrong exit cost.
Should easily reach target 1 as mentioned on the chart as other the targets. These targets are set by XABCD bat and crab patterns.
SAIL has shown bullish signs by rising above the breakout level. The XABCD bearish crab pattern gives us the targets mentioned on the chart.
The volumes were higher than the previous sessions also. However, wait for a pullback or add partial quantity and add further if the rally starts.
The breakout and stop loss levels are mentioned on the chart.
Here's the Nifty Metal index with a bullish breakout. The XABCD bearish crab pattern gives the targets mentioned on the chart.
We shall try to pick some of the metal stocks which are showing a similar pattern.
Cardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD.
Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support.
If the supply zone breaks, the target would be XABCD bearish crab...
Anything can happen here on in nifty. This is a crazy bull run. Be open-minded and lean towards both short and long. Don't think to short the market, perceiving it as overvalued and over run. Take the stop losses.
On the chart, there are levels and targets for both longs and shorts. Keep the stop loss as per your risk appetite.
Happy trading :)
This is just...
CCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend.
Place the stop loss below the demand zone, because this demand zone is expected to support the price.
The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension...
Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break.
We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks.
The stock price has broken out its previous swing high and also the falling trendline with higher volumes. This is a bullish sign.
Currently, the price is trading at the supply zone. Breaking this price could give us a rise to 150 or more. But book your profits at 150 and wait for the price action to re-enter again.
The two long scenarios and their stop loss...
DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high.
We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a...