SBILIFE has made an inverted H&S pattern near it's crucial 10 month old TL. The pattern has already activated and if this TL is intersected, one can expect 920 levels in the short term and 990 levels in the long term.
Larger the consolidation, more powerful is the breakout. All logic explained on chart For traders First Target 2500 Stop loss 1975 to 2000 on daily close basis
⭕ Intraday Trading opportunity ! min Chart Alert !!! ⭕ --Sell below = 900.40 or CMP --Target =875.35 | 835.85 --Stop-loss = 912.30 --Lot Size = 950 ...
Above 2730 Sl-2560 Target 2900-3031-3340 Respecting descending trendline from aug month finding good support near 2500-2442(which is also fib bonaci levels ) above all important moving average
#BankNifty Trading Strategy for 17th Dec'2020 Decision Zone:- 30,712 - 30,763 On Public Demand, added the new section trading range:- Smaller Range:- 30,521- 30,890 Medium Range:- 30,398 - 31,080 Larger Range:- 29,654 - 30,450 Upper Targets: 30,890 / 31,020 / 31,092 / 31,243 / 31,450 Lower Targets: 30,567 / 30,481 / 30,202 / 30,027 A rising wedge is not a...
===================================================== ⭕ Swing Trading opportunity ! 30 min Chart Alert !!! ⭕ --Buy above =475 or CMP --Target = 494 --Stop-loss = 470 --Lot Size = 2500 ...
Mindtree: Round Bottom & resistance breakout possibility Looks Good above 1475 with a SL 1455
PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50 Disclaimer : for education purpose only
#zensartech 3 Strong reasons: 1 -- passed 2 major levels and string bullish engulfing candle formed... 2 -- Volumes are very good when passed current hurdle... 3- Channel Breakout... Enter above 265 with SL 250 for 300 - 330 - 350
BPCL is looking good to blast out of the 400 mark with a cup & handle formation. One can go long above 398 and expect 405 levels in the short term and 414 levels to be achieved in the long term.
1. Almost forming Inverse Head and Shoulder pattern(blue marker) Strong buy trend in last leg 2. Broke 2 consecutive trend lines(red) 3. Expecting good upward move post US presidential elections 4. Ex CEO Re-Appointed 5. Rise in Advance and Deposits in Sept Quarter and YoY
NSE:BHARTIARTL Swing Trading opportunity ! 4 Hrs Chart Alert !!! --Buy above =479 --Target = 540 --Stop-loss = 442 --Lot Size = 1851 --R:R = 1.66 --Expected Profit = 1,13,000 ₹ per lot ( 12.78% ) Technical Reasons to trade :- 🧢 1) Bharti Airtel has bullish flag pattern Formation 2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick...
EICHERMOT 1D, is at 52 WEEKS HIGH now. FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me. TECHNICALS : stock forming DOJI on top and trend reversal may happen . My view : Eichermot may fall and I'll short ONLY below the Low of doji. Trgt is near 2300 It may retrace...
This stock is very interesting for me. Why? Let me explain Let's start with monthly chart. Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well. Let's look at weekly chart now. A...
Nifty presently is testing a stiff resistance zone. This resistance zone has acted as supply zone for the last 5 times and this is the sixth time it is testing it. The first time it entered this zone on Oct 2007, kept consolidating and finally failed on Jan 2008 Second time in Jan 2018 - touched and got rejected Third time tried again on late Aug 2018 and...
Since the last couple of trading session, DLF formed a cup and handle pattern which indicating a strong bullish move in DLF in next few trading session above 175. According to pattern depth of Cup is nearly 32 points so we can expect the same points in the projected target which can be 205-207. Possible trade: Buy DLF above 175 Stop-loss 169 Target - 190 200...
ITC (CMP: 172.20) Date: 12 Oct 2020 Interesting setup in ITC. Today's price has broken the falling trendline and most important point to note is that the volume breakout is 3 times than the avg. volume in the last 40 days. The only concern is that today's inverted hammer candlestick couldn't give breakout above the 20 DEMA. However, since Covid, whenever RSI in...
BTC USD in Harmonic wave Maximum length 16763 and after returned towards downward one can go for sell 16440 with a stop loss of maximum length no. and target given on the chart.