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TITAN | Head & Shoulder Pattern BreakDown🎯⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕ --Short Below =1411.90 or CMP --Target = 1338.15 --Stop-loss = 1460.30 --R:R =1.51 --Lot Size =750 --Expected Profit = 54,000 (5.19 % ) PER LOT --Expected Holding = 10-15 Days only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) Titan has formed head & shoulder pattern at the all time high 2) Target is based on the Longterm Trendline support & support Zone 3) Volume is perfect according to the setup 4) Bearish Engulfing candlestick Pattern with good volume 5) stock has broken the 50ema as well . 👇👇👇👇 CHECK OUT THE RELATED IDEA 👇👇👇👇 PROFIT 33,000 per lot 🎯 (6%) in four days -------------------------------------------------------------- Guys check out the related ideas as well, it worked really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:TITANShort
by ReviveTraders
31
Nifty'50 Support & Resistance Zones for 29th Jan'21Nifty may take a snap recovery on 29th Jan'21! + Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels + Day is closed with a Doji candle at the bottom of Bollinger Band + Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn + A strong bullish candle on 29th Jan, lead to formation of Morning Doji Star - Higher selling pressure can be witnessed, if price breaks 13,450 levels Reco: Buy 14,100 Calls (CE), if price sustains 13,945 on 30/60mins TF Target: Spot price 14,100 Stop Los: Spot price falling below 13750 Regards, Ravi Bhadrappa
NSE:NIFTYLong
by ravibhadrappa_TCFMRA
Sterling dip on Brexit headlines, another chance to buy on dipsYesterday, GBP decreased against the USD by 0.7 percent. Thursday witnessed another cascade of Brexit headlines develop, consequently bullying GBP/USD to lower levels on Thursday and erasing Wednesday’s gains. The 1.31/1.3064 resistance zone on the H4 timeframe once again served sellers well, composed of the 1.31 handle, resistance from 1.3064 and August’s opening value at 1.3078. The key figure 1.30 surrendered ground, as did October’s opening value at 1.2925, to challenge 1.29 (located above Quasimodo support at 1.2865). Beyond here, 1.28 offers a reasonable target. Aiding the H4 resistance zone is a daily resistance level coming in at 1.3017, with downside on the daily timeframe pointing to trend line support, extended from the low 1.2075. Meanwhile, on the weekly timeframe, last week observed GBP/USD extend recent recovery gains from support at 1.2739 (a 2019 yearly opening value). Technicians will acknowledge 1.2739 blends with trend line resistance-turned support, extended from the high 1.5930. In terms of resistance, price has room to advance as far north as the 2020 yearly opening value at 1.3250. Suggestion: BUY GBPUSD AT CMP 1.2890 SL BELOW 1.2800 TGT 1.2990/1.30 ELSE SELL BELOW 1.2800 SL ABV 1.2890 TGT 1.1.2720
Long
by OfficialYaMarkets
BANKNIFTY LEVELS 18/09/2020Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are for educational purposes only. You acknowledge the fact that you are alone responsible for your profits and losses, we won't be responsible for any kind of loss that you might incur by following our signals.
NSE:BANKNIFTYEducation
by Anshul_Verma
NIFTY LEVELS 18/09/2020 BREAK OR BOUNCEBreak of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are for educational purposes only. You acknowledge the fact that you are alone responsible for your profits and losses, we won't be responsible for any kind of loss that you might incur by following our signals.
NSE:NIFTYEducation
by Anshul_Verma
INVESTMENT IDEA on SUNPHARMA | Rising Parallel ChannelStrong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580 Time duration: HOLD for at least a month. Expected ROI 11-16% The factors supporting our view are as follows: 1. Price is sitting just above the parallel channel's support trend line 2. Price is sitting just above an important psychological price level of 500 3. Price is sitting just above an important demand zone (495-505) LIKE AND SHARE if you like our investment idea. Do let us know your opinions and suggestions in the comment section below. Trading Experience: 2.5 YEARS NOTE: The above mentioned view is our personal view. We are NOT SEBI registered. You are solely responsible for any losses that you might incur from our signals.
NSE:SUNPHARMALong
by Anshul_Verma
TCS - A GOOD MOMENTUM PICKTCS LOOKS GOOD ON DAILY TIME FRAME AND A BUY CAN BE INITIATED. I have analysed it on daily time frame considering few points. Key Observations- 1. Fibonacci Retracements - Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. TCS managed to retrace around 61.8% i.e 1980 from bottom of 1557 which it made around on 19th March. A move above 61.8% suggests a Trend Reversal for any stock. TCS failed to sustain above 61.8% i.e 1980 and it fell back to 50% i.e 1890. For about a month 50% i.e 1890 was crucial level for TCS to break, which it managed to sustain this time. (shown by arrows in graph) 2. Channel Analysis - A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a “bullish price channel” will refer to a channel with positive slope and a “bearish price channel” will refer to a channel with negative slope. TCS is currently in a good bullish channel for last 1 month and currently respecting the trend lines. Based on this, TCS will continue to move UPWARD and good returns can be generated. 3. Moving Averages - A moving average (MA) is a widely used technical indicator that smooths out price trends by filtering out the “noise” from random short-term price fluctuations. The most common applications of moving averages are to identify trend direction and to determine support and resistance levels. For short term Trading Purpose we can considered 9 day and 21 day Moving Averages has seen a good positive cross over of 9 and 21 day Moving average. TCS Has also managed to sustain above its 9 day moving average for few days, which shows its in strong UP- trend. 4. RSI - Relative Strength Index (RSI) is momentum oscillator that measures Speed and change of Price movements. RSI oscillates between 0 and 100. Traditionally RSI is considered overbought when its above 70 and oversold when below 30. RSI of TCS has hovering in mid 50 to 60 for last few days. This also suggests that there is strength in Up-move of TCS. 5. Directional Movement Index - The DMI is a technical indicator that is typically shown below or above the price chart and is calculated by comparing the current price with the previous price range. DMI then displays the result as an upward directional index (+DI) and a downward directional index (-DI). The DMI also calculates the strength of the upward or downward movement and displays the result as a trend strength line called Average Directional Index or ADX. +DI and -DI show up as two separate lines, colored green and red, respectively. When the red line is above the green line, it means the price is dropping. When the green line is above the red line, it means the price is rising. If the - DI and +DI are crisscrossing back and forth, there likely isn't a price trend going on, and the price is moving sideways. An ADX reading above 25 signals a strong trend is in place. Based on this explanation, DMI of TCS is currently at 25 which is strong, suggesting strength in price movement. SUMMARY- [/b ] Considering all the above points, we can initiate a trading Buy in TCS at 1949 with Stop Loss of1885 ( which is just below 50% retracement). Trading Target can be set at 2050-2075-2100.
NSE:TCSLong
by EquityPulse