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Analysis of Tata Consumer Products LtdTata Consumer Products Ltd. – CMP - ₹430.1 Dt. – 13-07-2020 Currently the stock is in the channel between purple and red line. On 09-07-2020 the stock made Doji on the daily chart after gains of 5 consecutive days. On 10 -07-2020 stock made gravestone pattern which indicates correction. CCI and RSI both indicate overbought. If stock start correcting it will take support at the purple line and if still selling pressure comes the stock can go up to the green line. If stock starts moving upward than stock can go up to redline.
NSE:TATACONSUMShort
by mr-sky
Bandhan bank is at Weekly BO level.On all Charts bandhan bank is on bullish trend. Since last 5 weeks stock is making higher highs on weekly trend. Also on daily TF the stock is forming higher highs except small pull backs. stock is in uptrend & trading above the 50 EMA level. Now above the level of 380 stock can be taken for long entry for the target price of 425. After the 435 we can see more strength in the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BANDHANBNKLong
by Tech_stock_trader
Bharti Airtel again at break out level.Bharti Airtel is Trading in the zone since the last one month. Now once again the buying opportunity in the share . As marked on the charts we can see the formation of cup & handle pattern along with the price moving above the 50 & 20 EMA levels. So we take take the long entry above the level of 575 for the target of 590. Now the stock facing the major resist. at the area of 592 to 595. if stock able to cross this level than only we can see the lift time high of the stock. So add the stock in your watch list to see the price action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BHARTIARTLLong
by Tech_stock_trader
BPCL stock to be taken for long One more buying opportunity in BPCL stock once again. so in next trading session once the trend line broken try to take the long entry with +ve candle above the level of 376 for the target price of 395. if stock able to cross the resist. area of 392 than we can see the 400 levels in the stock very soon. So add the stock in your watch list to see the price action movement.Try to identify these kind of levels. Also if we follow support & Resistance consistently we can become profitable trader in the market. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BPCLLong
by Tech_stock_trader
HINDUNilVRLETS WATCH THE HINDUSTAN UNILVER STOCK. LETS BREAK THE CHANNEL. ADD THE STOCK IN YOUR WATCH LIST. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:HINDUNILVR
by Tech_stock_trader
M_M Finance on bullish trendNow on daily chart M_M Finance chart has started to build up the uptrend. For past many days the stock in on sideways movement & currently trading above the 50 EMA Level & at weekly BO level. long entry can be taken above the 210 level for the target price of 230 as marked on the charts. So add the stock in your watch list to see the price action movement . A small pull back is expected but it will gain the momentum & touch the target. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:M&MFINLong
by Tech_stock_trader
Biocon Stock to take the short entry.In Daily chart we have seen the shooting star candle at the Resist.level to take the short entry. Short entry can be taken below the level of 400 as we can see strong support at this level. Let's wait to BD this level. After 395 once stock move below the 20 EMA level then we can see the 390 level in the stock. So add the stock in your watch list to see the further price action movement in the share. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BIOCONShort
by Tech_stock_trader
1
Havells - Accumulate on dipsStudy:- 7th July - Structure is very good. PCR is neutral; OC is on bullish side; Consolidation was going on and today given break out with good vol and crossed 200 DEMA due to Short Covering rally. But a wick is observed at the top of today's candle. Need to wait till it gives BO over trend line. near to a resistance trend line. Need to wait till it closes above it. Once it closes above it it will move high. RSI has given BO and is bullish; Probability is of a retracement first from the trend line and then moving higher. Now the Supply zone will act as resistance in future (if it gets a follow through.) Expecting an extended 5th wave. Strategy would be accumulate as it comes down and hold it. *This chart is only for educational purpose.
NSE:HAVELLSLong
by P_Saha
Reliance - WAIT till BO above 1800PCR - 0.68; Option chain looks bullish. High resistance at 1800 of 29+ L OI. In Daily and weekly chart inverted H&S formation is observed. 20,50, 100 DEMA slope is upward. Structure is bullish. Cons:- Vol is below 20 DEMA for last 3 days. Relative strength has decreased. Last day a spinning top doji is formed near resistance. As it has reached the upper trend line, if unable to break it, it might retrace back to next support or consolidate near it to gain potential for upward move. No new long position to be build at present immediately. Your SL should be near last swing low. If it crosses above 1804 and sustains short covering rally will be seen. Expecting it to retrace back to 1600 to normalize the up move. In long run it is bullish. Trade with caution!! *This chart is for educational purpose only.
NSE:RELIANCE
by P_Saha
2