According to a famous theory, the price usually comes to the 20 EMA, or the Moving Average comes to the price. For this week in BankNifty, it looks like it is reacting from a Daily Demand Zone to reach a 75 Minutes Supply Zone, where effectively lies the 20 EMA. So, the price might move up to 35800, but it is not that strong a conviction since the Demand Zone is...
As we can see, 8 EMA is below 20 EMA, and the price has taken repeated resistance from the 20 EMA. So, a lot of chances are there that Nifty might go down if tomorrow's market closes below today's open. If you are wondering why there are no gaps on my chart, they are due to a script I recently published. Check it out! You may take the entry if the market closes...
this is not a trade recommendation the zone i have told is very imp
MANAPPURAM FINANCE in Daily time frame Demand Zone. Looks like a good buy around cmp in the range of 160 -165 with stoploss of 153. Targets of 174, 179,189
Price in weekly Demand Zone. Entering after hammer candle high break on daily timeframe chart. Good buy at around 2545-55 with stop loss of 2395 Tgt 2695-2745, 2895
MARKSANS PHARMA great stock to buy now at discounted price FUNDAMENTAL 2x of book value👍 dividend yield half percent👍 look at ROCE almost 40% and ROE 32% fantastic for a company 💪💪💪 recently the company has reduced its debt its has only little debt 💪💪 important factor to watch out is the pe ration which is very less in indutry average almost all the...
CNX 100 has made head and shoulder and is again making the same with probable target of major breakout level of 16200
At support /demand zone. Looks good for fresh orders. I would still suggest to wait it off this week. ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!
CASTROLND my view is bullish and we can buy till the base support of 120RS in case of correction it looks very good to buy as it has strong fundamentals also. WITH MINIMAL SL OF 115-118 C.B IT HAS BEEN CONSOLIDATING SINCE JUNE
Reversal from demand zone in Bodal Chemicals Limited. also there is bullish MACD crossover
Reversal from demand zone in Dilip Buildcon Limited . Also there is bullish MACD crossover.
Reversal from demand zone in Axis Bank Limited. Also there is bullish MACD crossover.
Reversal from support zone in Aegis Logistics Limited, volume is also seen increasing, RS line also shows strength. Note: Time frame is weekly in this chart
Reversal from support zone in Manappuram Finance Limited
Now crude in at a strong support zone It is already reached a low of $62.46 and now it is an indecisive stage. If it cross below $64 levels. possible to reach the support zone shown. if further cross below this zone, the expected levels are $58.3, $52.4 The above observations are for STUDY purpose since the analysis is on weekly time frame.
SBI Cards and Payment Services Ltd reversed from demand zone
Reversal from support zone in Jindal Steel & Power Limited
HINDUNILVR is taking support from its major support line also at the same time it is taking support from its short term horizontal support area. Wait for up trend confirmation on daily time frame to enter, it can be a good risk to reward trade. Also if you have noticed , I didn't posted any analysis in the past few days. The reason for this was falling market. In...