NMDC DOUBLE BOTTOM NMDC has been falling since more than a year and has now shown signs of bullish nature as the entire market sentiment improves.
NMDC has formed a beautiful double bottom which has been confirmed by the gap up today with good volume. The previous red candles has high volume but no price movement which is a good sign and shows lack of selling pressure.
NMDC weekly chart is also forming a inverted head and shoulders pattern
As the market breaks all time highs and seeks new levels, some stock have not contributed to the previous rally such as reliance and Infosys but these stocks went at very good levels currently. A stock like NMDC is showing a good double bottom and a beautiful risk to reward.
Target: Short term as of chart
Stop loss: Below recent low and support zone
Keep It Simple
Double Top or Bottom
HDFC AMC looks good for Positional Trade.HDFC AMC looks good for Positional Trade. W pattern breakout given on Monthly chart. Also RSI is showing strength, can be a good buy on Dips.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Banknifty ( next week contract )Banknifty ( Next week contract )
More probability is there for " 44500 "
.
For " long "
entry:44950
target: 45180 / 45500
stoploss: 44900
.
For " Short"
entry: 44740
target: 44550
stoploss: 44950
.
Enter only if market Breaks " S & R Zone "
"Yellow box" mentioned.
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Shift in trend structure: HH & HL to LH & LL formation|AXISBANKNSE:AXISBANK
Axis bank 1 hour chart is forming higher highs and higher low but now after formation of 2 highs at a same level at 990 the price has tried to break the level 3rd time and it has formed a lower high so now one condition is fulfilled and we need a 2nd condition which is form a lower low and that will be created after the price breaks below 953 Neckline.
All the important levels and full analysis is mentioned on chart.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
CUB : Double Bottom Pattern Trend Reversal just now
Buying Opportunity seen in CUB after completion of double bottom pattern , the reversal seems to be confirmed from the demand zone as shown in the chart. RSI and MACD cross over favours the reversal . The SL and targets are as usual the demand and the supply zone. As this is an educational post , do message me the probable SL and Targets as a part of it....
BAJFINANCE Set to Outperform Index Nifty 50 Attached: BAJFINANCE/ NIFTY 50 Daily Chart as of 18th May 2023
A Double Bottom/ Inverted Head & Shoulder Pattern Breakout is Clear in this Chart
Price is also moving in a Channelized/ Impulsive Manner
And so it is Set the Measured Move Target indicated by the Up Arrow
Similarly, on the Price Chart of Bajaj Finance, Price can head to 7400 as that is the Pattern Target for the same. It is an OUTPERFORMANCE/ BULLISH Setup!
Banknifty Next contract (13/07/2023 )Banknifty ( 13/07/2023 )
.
For " long "
entry: 4250
target: 45500
stoploss: 45000
.
For " Short"
entry: 45050
target: 44750 / 44500
stoploss: 45150
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Crude oil futures ( 13/07/2023 )Crude oil Future ( Next week Contract )
.
For " long "
entry: 5950
target: 5970 / 5990
stoploss: 5920
.
For " Short"
entry: 5900
target: 5855/ 5755
stoploss: 5935
.
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below .
Havells Long - Monthly Double BottomMonthly Double Bottom in Progress.
Option 1
One can take entry at CMP 1334-1340 for targets 1-3 months holding
Target 1 - 1421
Target 2 - 1480
Above 1480 & closing comfortably above 1510 will achieve target 3 1600++
SL - 1294
Option 2
Take 1 Lot 1400CE at and Sell 1 Lot 1600 CE.
Take 1 Lot 1350CE and Hedge with 1 Lot 1250 PE
This will be my personal trade and not recommending anyone to take it. Please do your own research & Risk Sizing
ports ... adani ports the counter which was hammered by heidenburg reports!!
i expect it to touch a 15% upmove area
multiple reasons beyond technicals
one is to maintain market cap of the group
being one of the nifty stocks in adani folio
other stock may show underperformance but such counter with real value are someone who should perform !
i like a quote that could be useful here !!
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.
Bajaj Finserv DoubleBottom RSIDivergenceBajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence.
Entry:
We can go long on open of next candle.
Stoploss: (Never trade without a stoploss)
We can keep stoploss below the double bottom support zone.
Target:
We can keep the Target 1 & Target 2 near the next resistance zones as marked on chart.
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