PFC 1D TFNSE:PFC is forming a descending triangle pattern, with multiple touch points on both side. A break down can be traded but only with confirmations. Strong candle with good volume can be a good signal for getting into the trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Dailyanalysis
NIFTY 1D TFNSE:NIFTY index is respecting a demand zone with multiple touch points. The stock could break down or go up. But as we analyze we could see that sellers are being rejected and buyers gaining more power in the demand zone. There are more than 3 touch points through which we could confirm that the stock has more chances to move up. But strong multiple confirmations is required in order to confirm the stock direction.
We have multiple stocks with entry points and stocks that are running in profits. You could see those stocks in my profile page. For now we are waiting for proper confirmation in order to take new position.
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Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BANKBARODA 1D TFNSE:BANKBARODA is trading between a zone where it has multiple touch points on both top and bottom. As nifty has reversed it is possible that the stock could go up but always trade with caution. Multiple confirmations such as volume etc. should be taken into consideration before entering the trade
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFNSE:JIOFIN has formed a support zone which has 3 touchpoints making it a stronger zone. Either the stock could reverse from this zone or break down. Look for volume and other confirmations before trading..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Tata Steel - 1D TFNSE:TATASTEEL has almost broke a trend line and started to move downwards. With Nifty in downtrend in 1D TF it is possible that this could stock could easily hit take profit.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:TATASTEEL
Tata Power Co - 1D TFNSE:TATAPOWER has been trading near a trend line for a long time as you can see the chart. As Nifty is also in a downtrend in a 1D TF, there is a possibility that this stock could go down. With a proper volume and confirmations this stock could be traded for a good R:R.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:TATAPOWER
GAIL 1D TFNSE:GAIL has been trading near the support zone for a long time and has now broken the support zone. As Nifty is in a downtrend in the 1D TF, so it is good to take short entries. But with good confirmation trade could be taken. I would wait for a retest or the new candle to brake the previous candle's low.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BOB - 1D TFNSE:BANKBARODA is trading near a demand zone. As Nifty is a downtrend in 1D TF, I'm waiting for a downside move. With any strong confirmation this stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
ITC - 1D TFNSE:ITC has a uptrend in 1M TF. Looking down at the 1D TF, the chart has broken a triangle pattern and has moved down, touched a demand zone and is currently trading at a support turned resistance zone. Let us see what the market has for us..!!
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:ITC
COAL INDIA - 1D TIMEFRAMENSE:COALINDIA has formed a triangle pattern in 1D timeframe but when we see in 1M timeframe it clearly shows uptrend. Hence in a lower timeframe it is good to go for a long position as it is always better to go with the trend. Now the chart could break the triangle and take a retest and move up or come down to the support zone and then go up. Only in these two conditions we'll be trading.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:COALINDIA
Wipro Weekly AnalysisWipro is good on Long Side. It is a good time to enter in this stock. But this is for long term investments. The stock may give returns up to 44% returns.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:WIPRO
Weekly bullish flag BO in IRCTC with 20% upsideHi,
NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
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Daily Bullish Flag Breakout in UNO MINDAHi,
NSE:UNOMINDA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Idea in M&M for > 10% UpsideHi,
NSE:M_M has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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ABB BreakoutA Bullish Flag & Pole breakout pattern is visible on the daily chart of NSE:ABB
after consolidation of around a month.
On daily, weekly and monthly charts the MACD has already given a positive crossover. So, expecting the momentum to continue.
All the Levels with proper stoploss mentioned on the chart are for educational purpose. Consult your financial advisor before making any investment decision.
Daily Bullish Flag Breakout in Som DistHi,
NSE:SDBL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
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Daily Bullish Flag Breakout in CSB BANKHi,
NSE:CSBBANK has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.