USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices. Even so, the bears are waiting for the Bank of Canada (BOC) Governor Tiff Macklem’s speech for further directions. That said, the 50% Fibonacci retracement level of June-October upside, near 1.3250, appears the immediate...
In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal. Then the targets will be update in update idea section. CHART & ANALYSIS - ADARSH DEY
NSE:DRREDDY Observations: 1) On 1 Day time frame, After Friday's doji candle/spinning top candle, today it made hammer pattern. Also it has been taking support and closing above 400DMA which is very very major support for any stock. Only negative thing is that volume was lower than Friday. Please refer below chart : 1day Time Frame. Immediate...
SAIL Long Descending triangle pattern breakout taking support around 50 day EMA Buy at CMP- 129 SL- 122 Target- 139, 151 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
CUB Long Stock is ready to break medium term trendline 20/50/100/200 Day EMA's are around 165 20/50/100/200 week EMA's are around 161-166 Today stock has crossed all (Day and week) EMA's Wait for trendline breakout around 169-170 Buy above 170 SL- 161 Target- 180, 189, 199 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place. Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or...
MOMENTUM TRADE IN M_M FIN VIEW :-CROSSING ITS MAJOR HURDLE OF 361 :-AFTER A VERY LONG TIME NEEDS A CLOSE ABOVE IT :-LOOKS A TEST OF 200-DMA IS ON THE WAY :-SWING TRADE IS POSSIBLE WITH A GOOD RISK-TO-REWARD TRADE IN 28TH NOV FUTURE CONTRACT BUY @364 STOP @358 TARGET @376-78 LOT:1250 QTY:2
BTST IN TVS MOTORS VIEW :-TVSI AFTER A GOOD UPMOVE SAW CORRECTION AFTER RESULTS :-ITS FIRST TIME TEST OF 200-DMA LOOKS SUCCESSFUL :-FIB0 LEVEL OF 38.20 LOOKS GOOD FOR ENTRY :-GOOD RISK TO REWARD RATIO TRADE IN 28TH NOV CONTRACT BUY@458 STOP@452 TARGET 1@470 TARGET 2@478 LOT:1100 QTY:3
We got our first target, but now the rejection from 631 levels, which was major support of 100 dma, horizontal support and kijun sen has given a new possibility towards 670/72 levels, although buying is not recommended, but neither selling unless it goes below 627 and holds below it, possibility is marked with arrows on the chart. The selling will be recommended...
BTST IN GRASIM MAY FUT BUY@883 STOP@873 TARGET@898 LOT:750 QTY:2
STBT IN DRREDDY'S JAN FUT BRERAKING DOWN ON MOVING AVERAGES SHORT@2575 STOP@2600 TARGET@2525 LOT:250 QTY:2
CONDITIONAL LONG TRADE IN INFY WAIT FOR A CLOSE ABOVE 689 DEC FUT TRADE BUY@690(ABOVE) STOP@675 TARGET@720 LOT:1200 QTY:1
POSTIONAL TRADE IN L&T FIN SEPTEMBER FUTURES 200-DMA SUPPORT BUY@170 STOP@168 TARGET@174-180 LOT:4500 QTY:1
at this point of time RAIN inds seems to technically more attractive as the bulls are able to keep up the break out above 50 DMA which shows bulls are preparing for some heavy action on this stock. LONG and HOLD till the bearish cross of 50 DMA. keep a STOPLOSS of 164.
NSE:ASIANPAINT has come out of the zone before it dipped halfway. Also, it has closed above 50 DMA. If it stays above the line, we can see strong build up.