Daily nifty analysis E-1Nifty trading strategy for tomorrow
Nifty looks positive as today's fall seems like retracement only. Nifty closes near support range 15770-15740 and near 61.8% Fib retracement level. Multiple supports on downside.
If nifty open flat or gap up, initiate long if 15 min candle closes above 15800 with SL - 15750. If nifty opens gap down wait for initial hour for trend confirmation.
Dailyanalysis
ICICI BankDaily Chart Pattern
On Support Line
Waiting for reverse from Support Line
Can give good 10 % to 20 % return
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
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 !
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
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
Trend Analysis for Bank NiftyThe Trendline has been sharply broken by the candles and is expected to reach the nearby support.
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame used is 4H
BAJAJFINANCE: AnalysisKeep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
.
Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
.
Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
.
Calculate your RR ratio and take the trade.
CIPLA: AnalysisYesterday cipla broke out from its range today it retested and started moving as expected.
.
Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
.
Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
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.
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.
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.
Voltas LTD:AnalysisVoltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels.
.
I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks.
.
Planning to trade for Intraday or max 2-3 days in holding.
.
Stop loss must be below the immediate swing or support level.
Infy ShortEducational Purpose only!
Hello Friends,
On daily time frame yesterday nifty opened big gap up and formed inverted hammer. To digest that big momentum it has to go sideways so this is good oppourtunity for option traders, simply sell a infy 960 CE and wait for some days you will get theta value.