Demand Zone
TATAELXSI Long Setup [Intraday]NSE:TATAELXSI Possible reversal buy opportunity based on 15M demand zone at 634.20 with SL at 631.5 and three potential targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
TATAGLOBAL Long Setup [Intraday]NSE:TATAGLOBAL Reversal possibility at 256.35 with SL 254.15 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
Muthoot | Bounced off Trendline support - Similar to ManappuramMuthoot Finance exhibit a very similar price action to Manappuram. It should be natural considering the magnitude of similarity in their business models.
Like Manappuram, Muthoot has bounced off a trendline support, where we could also see a demand area i.e. around 600, which also happens to be a round number. With their nature of business involving gold and the yellow metal gaining strength every week, it should be good news for the company with improving loan to value. Stock appears bullish and we expect the stock to hit 650 sooner or later.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Manappuram | Good Demand areaManappuram is currently trading on a trendline support, where we could also see a demand area. With their nature of business involving gold and the yellow metal gaining strong every week, it should be good news for the company with improving loan to value. Stock is a good buy right away. Least case, the script should retest 144 again.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
ITC Trading @10% Discount. Buy between 270 - 275 Levels.ITC has tested 310 Levels several times and it has acted as a strong supply zone. The price then fall down and it is nearing the demand zone again. I expect the price this time to break the resistance level 310 and we can set the target price @320. Stop loss @ 260.
HINDALCO Demand ZOneHindalco is a Type1 trade
FRESHNESS (3) First time in the zone
STRENGTH (2) move from the zone is good
TIME AT ZONE (2) we have less number of candles in the formation of zone
R:R (3) DYNAMIC
LOCATION (2) very low in the curve
TREND (1) Does not matter when the script is in very low of the curve
MOVE (2)
LOTL (0)
TRAP (0)
COINCIDING (1) 1m min zone is inside Dzone
Considering all the above we can consider it as Type1 trade
Entry 187 SL 83.50
BANKNIFTY Demand ZONEBankNifty demand zone Entry 28937 SL 28800, it is a type1 trade,
FRESHNESS (3) First time it is coming to the zone
STRENGTH (2) move from the zone is good
TIME AT ZONE (2) Not spent much time in the zone
R:R (3) DYNAMIC
LOCATION (2) very low of the curve
TREND (1) trend does not mater when the location is on very low of the curve
MOVE (2) move from the zone is very good
LOTL (0) it not Level on top of level
TRAP (0)
COINCIDING (1) 15 min and 1hr zones are coinciding