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Support & Resistance Levels:
Buy Above: 81,100 (SENSEX Spot Levels)
Targets: 81,225, 81,343, and 81,5551.
Sell Below: 81,000 (SENSEX Spot Levels)
Targets: 80,900, 80,729, and 80,5551.
Recent Analysis (August 22, 2024):
Sensex made an all-time high at 82,129.49 on August 1, 2024, at the open of the day.
It corrected one cycle down near the level of 77,968 and...
Today we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start.
Disclaimer: This is my pre market analysis and my trading journal....
After a long consolidation, stock has given breakout from its Rising channel pattern and has given confirmation for breakout by a Doji and Marubozu. From the past 3 days, buying volume has been increasing consistently. Stock is trading above all its EMA.
Nifty open flat and made days high 22497 level buy didn’t sustain that level.
Index has formed another Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as today’s closing was near the opening levels.
So, further levels for nifty will be 22336 will work as support level and 22520 will work as...
Nifty open with negative note and rangebound throughout the day.
Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears.
Index find immediate support at 22303 level and resistance will be 22520 level.
This suggests caution and the need for careful decision-making in the current market environment.
⚠️ Important:...
Index open with positive note and made all time high that is 22440.
Index has formed Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as the closing was near the opening levels.
We may see trend reversal in near future.
Next levels for nifty will be 22520 upsides and 22303 level downsides.
⚠️...
After given upside rally, stock price is taking rest.
Daily Time Frame
As shown in chart, price took support and making a upside reversal pattern.
for study purpose only.
JSW Energy after a good consolidation is now getting ready for another upmove, formation of tight dojis and Inside bar, also today's last 10min closing suggests there would be a sudden spurt in this scrip. Ripe for swing trade. Ideal Stoploss would be 378.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor....
Grob Tea looks good as Positional Trade. After a long consolidation, stock is trading in a Inside Bar candle range of 978-825 for almost 4 months now, also smart money are leaving their footprints (check the volume bars). Expecting good move to come soon now.
Stoploss - (low risk)828, (high risk)780
*DISCLAIMER*
This analysis is only for educational purpose. I...
Poddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here.
*DISCLAIMER*
This analysis is only for educational...
Howdy Traders,
I feel that the market may give a little negative I because the doji candlestick pattern is seen at the higher highs followed immediately by a black candlestick, indicating that the market may provide a little negative move.
Note = If the market stays below the level of 1249 then Target- 1231.90
Buy BATA INDIA 1430, for 1480/1500/1530. Bata india formed dragonfly doji on weekly charts and bounced from there. MACD showing fantastic bullish divergence which is apparently for stock to go for bounce back trade. Invalid below 1380 on closing basis
MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracement
