RELIANCE - Expection is highPCR - 0.75; High resistance at 1600 21 L OI.
Hanging man formation in weekly chart. Bullish engulfing pattern observed last day with vol showing strength closing abv last 3 days candle. MACD is showing +ve cross over to happen. Increase in vol observed after 1 week. In Daily chrt inv H&S formation is observed. 20,50, 100 DEMA slope is upward.
Have to wait for the BO level. If it cross above 1600 and sustains short covering rally will be seen.
At present NOTA. Wait for BO to happen before entering the trade.
*This is for educational purpose only.
Educational
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Bandhan bank to be taken for short entry. We can see clearly bearish trend in all TFs on the charts of Bandhan bank . Now on daily chart we have seen the shooting star candle at a very high resistance zone. So this will increase the probability that trade will work in our side. For tomorrow at any pull back try to take the short entry for the next target level of 260 . once the support area break down at the level of 258 than next target between 250-245 for the stock. In case any major gap down be cautious.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Asian Paints looks bearishObserving a H&S pattern; It has broken the neck line. Price to go down near 1600 and below it. If it gaps dwn more downside towards 1580.
Option change looks very bearish as lot of short positions has been built today.
View negated above 1631 closing.
*This chart is only for educational purpose.
SRT Rans Finanace Trend & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Wave Analysis.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
JUBILANT FOODWORKS LTD in uptrendJUBILANT FOODWORKS stock in a uptrend & trading above 50 EMA in all time frames. So stock can be taken for long entry above 1710 as shown in the charts for the next level of 1740. The level of 1740 level is very crucial & tested many times as shown on the charts. Now the Stock in a very bullish mode & also forming the triple bottom patterns. once the stock able to cross the resistance level & well sustain above 1740 then next target level is 1770. So we can say 1800 level can be seen in coming days for 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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
IBULL is showing strength to move upwardsGiven breakout with vol; Closing near high is good sign; PCR is below 0.5 and OC is extremely bullish
RSI bullish; Closed abv 50 DEMA today bullish sign; If crosses 160 then will move towards 180; If it crosses 180 then huge shrt covering rally will be seen.
Might have a gap up tomorrow.
Voltas Falls from the Resistance Zone.Once Again Voltas share has been rejected by the Resistance zone as appearing in the chart. Now this can be short below the level of 545 for the next level of 535-531 for swing or intra day entry. As below this level stock will be trading the below 50 EMA. So add the stock in your watch list for further price action .
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
BPCL stock moving on uptrend. Good one for long entry.BPCL stock is moving on uptrend & trading above the 50 EMA level. Now this can be taken long above the level of 373 for the target shown in chart.
On day to day basis the stock is trading with high volume. Also on weekly time frame the stock is trying for the break out level. So 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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
ACC LTD on bullish trend.We have clearly seen the bullish trend forming on the charts of ACC LTD. The stock has successfully break out given today @ 1300 level but closed below the level of 1300. So long entry will be taken only after the 1300 level for the next move till 1350. Now stock is moving above the 50 EMA. So 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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Berger paint stock on bullish mode.On all TFs Stock is moving above the 50 EMA level & in uptrend. We will wait for the break out level @ 522. After the breakout level entry can be taken for long as per target level given of 580. But level of 545 is crucial, We have seen minor resistance if this successfully cross then stock will move very fast. Also on daily TF double bottom pattern formation can be seen.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Grasim industries share have started uptrend.On daily chart Grasim industries share is going to be ready for another breakout @ level of 633. Stock can be taken for the level of 700. but before going to 700 stock will be tested the minor resistance level @ 650 & 670. on daily chart cup & handle formation has been completed . So add the stock in your watch list. Entry will be taken as per marked trend lines.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Requesting everyone to spent time on learning to sharpen your skills in the market.
Small Test to enhance your education level on Indigo chartsDear All
I have drawn few trend lines on the chart of Indigo share. A small home work for my viewers. Request everyone to read , practice & then tell me the levels of this stock.
By doing this not only your knowledge will increase but also you will one step ahead to become a successful trader. Request everyone to like and share your levels....
Wipro on bullish mode for long entry.Clearly, We have seen the daily chart of Wipro is in bullish mode & trading the above 50 EMA. Also on other TFs the stock is yet to complete the 50 EMA.
Nevertheless stock has shown good momentum & can be taken for long entry above 215. The Target zone is set as indicated around 235. So add the stock in your watch list to check the levels. Once the level of 237 breach & sustain the level , the target is 250.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
(In market, everything works sometimes and nothing works always.)
Biocon Stock very strong uptrend & bullish zone. In all Time frames Biocon stock is trading above the 50 EMA & in uptrend direction will going to create history . This stock will ready to record all time high. Above 395 stock can be taken for long entry for the target level of 405 to 415 . Now as a chart analyst we don't have the upper resistance level for the stock. So keep trailing your stop loss while trading.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.