Expected upside rally of 500+ points in BANKNIFTYOnce banknifty started trading above 34900 level then expected strong upside rally of 500+ points. All levels and technical pattern mentioned in chart behind this rally.
Downtrend
Short DLF.Sell DLF at 282 (DLF Futures ar 284) for a target of 269 (Futures target 271) with SL of 294 (Futures SL 296).
Bitcoin (BTC)- Day Chart AnalysisBitcoin (BTC) has currently wiped out 50% of the entire market capital over the week and it is still yet to reach the price target of 28k Dollars within upcoming weeks or months. In Day Chart is has formed head and shoulders pattern, which indicates downward movement of the particular currency pair to go down till the mentioned price level i.e. 28k dollars in INR it comes up to 22-24L. Market can expect a reversal once after price reached that level of support and can pull-back up to 48-50k dollars in short-term. Investors can look up to this price level for short-term investment in any pair of alt coins.
jubilant Foodworks - ShortingJublfood broke its triangle pattern and started to fall. Now it's in a bearish trend, so give an entry with appropriate Stop loss
Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
BTC Dominance try to break it Downtrend, what coming next?Technical Analysis:
BTC Dominance
Seems to be on some resistance here, just as BTC is nearing the top of the range its been in for just over a month.
I’ll be watching this play out, if we see BTC.d break this res its likely because BTC has broken out of the range highs. However, be weary because a volatile move up for BTC could be followed by a volatile move down… at least i expect a scenario such as that to be max pain for most participants.
If we see BTC.d reject here, its likely representative of a relatively sideways moving BTC and we see some relief on alts that should make for some nice breakout set ups that we can look for and trade.
Either way, a key level I will be watching for a reaction on.
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KOTAKBANK- SYMMETRICAL TRIANGLE BREAKOUTKOTAKBANK EXPECTING A BEARISH MOVEMENT SINCE IT HAS BREAKEDOUT TRIANGLE PATTERN AND WAS CONSOLIDATING IN THE ZONE FOR SOME DAYS.
EXPECTING UPTO 61.8% CORRECTION FROM ITS PREVIOUS HIGH.
AFTER 4 YEARS DOWN TREND BREAKOUT ANALYSIS 22.06.2021BUY : 37 TO 35
TARGET : 55 TO 58
Reason For Buying This Script :
In this script after 4 years down trend line was broken & also it has retested in monthly time frame . It shows positive moment.
Don't miss this moment.
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
AARTI IND| RISING WEDGE BREAKOUTAarti Industries Ltd expecting a bearish momentum towards downside because of rising wedge breakout.
Stop Loss and Target have been mentioned clearly via price prediction tool.
1HR TIMEFRAME- ANALYSIS
Dow jones DJI form double top.Dow jones : it forms double top pattern, Deep correction may come soon. lower levels 32525 and 31750
HINDOOSTAN MILLS LTD Hi its a good pattern and its in a down trend and its in a triple top or bottom from.
MATIC COIN NEXT BIG MOVE COMING SOONTechnical analysis:
. MATRICUSDT is IN down trend, the beginning of an uptrend is expected from here.
. The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.90
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Downtrend Parallel channel in BANKNIFTYSince last few trading session, Banknifty trading in downtrend parallel channel. If in today's trading session its trading and sustain above 35150 level then expected next projected target 35800+ in upcoming trading session. Downside possible if banknifty trading below 34950 level so can go long with stop loss at 34950 level.
MACD bullish crossover in CUMMINSIND CUMMINSIND trading in downtrend channel since last 1 month trading session. Yesterday it reached near the resistance level of downtrend channel in same its also shows MACD bullish crossover. This indicates that more chances it will give breakout of this downtrend channel and give projected target upto 935+.
BITCOIN POSSIBLE INVERSE HEAD AND SHOULDERS $BTC $FETWe could see Bitcoin Fall to the 33k levels in the next few hours...
My plan is to buy Alts in this short term downtrend
DM for $FET Analysis!
Canara bank trendline breakdownThis is an hourly time frame of CANARA BANK showing the clear breakdown of the trendline and today it also retested and started the continuation towards the downside. So it can be a good fall for upcoming days in Canara Bank. Please like the post if you agree with my idea.
TCS - BEARISH FORMATIONTCS -the IT GIANT seems to be in trouble .FIBO retracements , bollinger band and rsi all have turned negative .
Stock can move down to 3063-2984 with sl at 3125 .
stock is trading below 50 & 100 days moving average and can go down to 200 sma 2807
Bandhan Bank Some more pain.Bandhan Bank is in no trade zone. It is at crucial support. Support needs to break for Short selling. On higher side, go long only when it shows reversal probably above 330. It will remain rangebound till first Quarter of FY 2021-22.
Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business.
Banks like Kotak Bank, Axis and HDFC bank are much better for investing.
(Disclaimer: It is a personal opinion, do your own study before investing.)
Tata Consumer Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Consumer Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Channel Pattern" and also making a Bearish Engulfing Pattern which gives you a idea that it can go Down . If i Talk About Targets , So Targets will be :- 530 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Support Is 590 Rs and 460 Rs if Rare Case Happens and it goes Down so they can become a Support Resistance is 700 Rs . Volume has no Volatility in any Side , Rsi is in Bearish mode and Price is also going Down , Earning Reports are also 66.86% Down and Bearish Engulfing Candle Stick Pattern Gives you a more idea that it can go Down . So From my Opinion it can go "Down" but its on the lower side of the Channel and so for it can go "Up" also. PIease Like because we are having a shortages of Likes .
If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍
NSE:TATACONSUM
Comment Below on which Other Stock You all want to see our Analysis .
Make Sure To Like and Follow us on Our Channel . Like Aim - 6 Please Accomplish this Goal .
Nifty next moves After a weak session today, nifty is ready to head towards 14000, if nifty goes below 14412-15, next target would be 14340-14230-14100 as shown the fibonacci levels. Break of these levels are necessary for next target and pullback will be there for shorting opportunity.
But overall after 14412-15 break 14100-13900 doors will be open with both hands.
On the upside to move towards 15000 again nifty need to break 14725 level and sustain to go towards 15000-15300
#Banknifty Trade Setup For Monday (19th April)As you see in the chart there is the downtrend line and Banknifty still below the breakout.
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For tomorrow we follow simple Strategy.
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We will buy CE once Banknifty breaks 32682, before that we can follow sell on rise strategy.
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We will buy PE once Banknifty go down below 31690.
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So on tomorrow banknifty can go in upward because yesterday hdfc Bank declare the Quarter 4 Results.
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In gap up and gap down Opening, we will wait for the right time.
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You can give your suggestions in comment box.
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