Demand Zone
Confluence of support in this medical lab stockDr Lalpathlab has corrected significantly post its all time high of around 4200.
As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame.
RSI positive divergence can also been seen in the chart.
This stock can touch levels of around 2330, 2600 in medium term.
Kindly trade as per your own analysis since idea is shared only for educational purposes.
NIFTY50 - Don't PanicThe blue lines indicate the strong trendlines where the price could take support.
As all can see, the chart has respected most of the Fibonacci levels very well including the strong 1, 1.618 and 2.
My expectation of the short term reversal zone was from the upper half of the 1.618 to 2 zone. Expect some correction next fortnight but it should be a good chance to look for accumulating quality stocks.
Nifty near to its Reverse pointAs a usual concept, a demand zone is shown.
So if NIFTY reverse from the 50% retraced line, expected targets are shown.
If not reversed, it may go till 61.8% and possible to reverse.
If it moves below the 61.8% line, possible to continue the down trend.
(Note that present RSI is 40.08, which is not actually gives a reverse sign.)
Disclaimer: As usual, it is not a recommendation.
Nifty 50 - 05 July 2023I have been explaining the levels and logics behind my trades in my videos.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Bank Nifty - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Bank Nifty - 28 June 2023In last YT video I had clearly explained regarding today's Huge Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 28 June 2023In last YT video I had clearly explained regarding today's Huge Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Bank Nifty - 27 June 2023Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 27 June 2023
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
PETRONET LNG : TRIPLE BOTTOM PATTERN WITH HAMMER AT SUPPORTPetronet LNG :
Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00
Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 .
This study is only for education purpose and should not be considered as a tip to buy or sell any stock.
Good luck !!!
MACPOWER CNC showing signs of strengthMACPOWER CNC showing good signs of demand at 50 ema with strong volume. Historically this scrip has always taken a good support from 50 ema and continued its positive trend. Another sign of strength is the scrip hasn't yet covered the price gap created on Sep 2022. This shows a strong demand for this scrip. Plus points in this scrip is its positive growing balance sheet and negligible debt. I have entered in this scrip and placed stoploss at 274.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Bandhan bank bouncing from a supportBandhan bank is continuous downtrend and currently, we can see a bounce from its strong demand zone of around 200 levels.
The stock is forming higher lows in smaller time frame.
Looks like a good swing stock for targets of 250 and above. 235 might also act as a small resistance.
Keep in watchlist. Trade as per your own analysis as this idea is shared only for educational purposes.
Bank Nifty - 23 May 2023I expect a Gap Up opening in NSE:BANKNIFTY
Nifty might fall till the Zone Marked to retest and the bounce back up to the targets.
Target 1 - 44060
BankNifty is quite interesting today as
NSE:CNXFINANCE Expiry ...!!!
it takes Perfect Support/Resistance on Trend Lines.
it forms a Triangle Pattern .
Retested a 'W' pattern.
My levels and views chnage depending on market opening...!!!
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->