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Opinion on SBINState Bank of India – CMP - ₹186.25 Dt. – 16-07-2020 The stock has broken the support trendline on 15-07-2020 as the stock was falling from 3 continuous sessions before closing in green on 16-07-2020. Purple line, now acting as a resistance line if stock start moving upward it can break purple line and can go up to ₹195.30. If moving down stock is expected to go ₹180 and if selling pressure is high on the nifty bank then the stock can also test the level of ₹171.
NSE:SBIN
by mr-sky
Stock Analysis of Tata Motors.Tata Motors – CMP - ₹102.95 Dt. – 16-07-2020 On the daily chart, the stock is moving in pattern taking the support of redline. Apart from trendline the price also takes the support of 50DEMA. If the stock breaks the 50DEMA support then the price can go up to ₹99. If the stock moves upward and crosses the above redline in the next trading session or after touching the below line it will give breakout. RSI and CCI are neutral whereas the MACD has given a sell signal.
NSE:TATAMOTORSLong
by mr-sky
Analysis of Stock of Adani PortsAdani Ports – CMP - ₹320.4 – Dt. – 14-07-2020 On the daily chart, you can the stock has made continuous low for past 3 days and in last session, the stock made black Marubozu which indicates bearishness in the market. If the market is a week in next trading session than stock can go up to the support level of ₹301.25. On the controversy, if the stock starts moving upward due to fresh buying than it will face resistance at ₹339.50 and if a stock passes the resistance than the trend line will work as resistance for the stock. CCI is in oversold zone and RSI is near to oversold zone. MACD has given a sell signal.
NSE:ADANIPORTS
by mr-sky
4
Stock analysis of Grasim Ltd.Grasim – CMP - ₹588.90 Dt. – 15-07-2020 On the weekly chart, you can see how the stock is falling since 2018. The stock has given closing below 20DEMA. A support level is placed at ₹581.15 and if the price breaks then it can go below ₹500 easily. Redline will act as a crucial support line but it will take a couple of months to reach there. If some good news comes in coming days then the stock will face resistance at ₹635.10 and the upper yellow line will be a crucial point, if price sustains above upper yellow line then finally stock will come out of the bearish zone. On the daily chart, CCI and MACD have given a sell signal.
NSE:GRASIMShort
by mr-sky
Stock Analysis of JSW Steel.JSW STEEL – CMP - ₹198.40 Dt. – 13-07-2020 In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term. The metal industry depends on global cues so keep an eye on the news as well.
NSE:JSWSTEEL
by mr-sky
Analysis of Biocon Limited.Update Dt. – 11-07-2020 Price is a trap between the triangular pattern and the share is near an all-time high. On 10-07-2020 the share made the all-time high of ₹420.5 and closed at ₹414.3. Price is also taking the support of 21DEMA and 50DEMA also indicates the uptrend. From 1st week of June, the share price was in consolidation form ranging between 380 to 400 and recently on 09-07-2020 it gave closing above ₹400 thus coming out of consolidation process. We can conclude from this that share can give breakout in a few days as not only price but volume is in support too.
NSE:BIOCONLong
by mr-sky
Stock Analysis of Exide IndustriesExide Industries - CMP - ₹156.20 Dt. - 13-07-2020 In the historical daily chart, the price has respected the cross of 21DEMA and 50DEMA and gave a good trend on both sides. On 13-07-2020 the 21DEMA is all set to cross above the 50DEMA and if tomorrow it crosses above 50DEMA with good volume then the stock can give return up to 8-10% in 8-9 trading sessions. RSI and CCI are neutral, however, MACD has given buy signal. If the stock moves upward then first resistance is placed at ₹160.70 followed by ₹164.45. If stock began to move down then it can go up to ₹145.80.
NSE:EXIDEINDLong
by mr-sky
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
GBPUSD Weekly analysis , June 29-July 3Dear traders, Wish you all for more successful trading days, Pound against dollar pair has closed in a lower price mark than the previous week, makes this pair to looking for a bearish week . expected to retrace the 1.24500 mark before going down.. If it breaks above the level of 1.2500 , then it may go bullish .. lets watch how GBPUSD starts july Note- Price action analysis is based on technical perspective, fundamentals also to be considered for the price movements.
Short
by Akfx369
Explanation about how parallel channel work:Stock first Chance the trend with heavy volume and then price has consolidate in a horizontal parallel channel. A horizontal channel is formed by two parallel horizontal lines that frame the evolution of the price. The upper line is called the "resistance line". The lower line is called the "support line". A horizontal channel is confirmed/valid if it has good oscillation between the two parallel horizontal lines. The stock has break its channel with heavy volume and now forming a new channel.
NSE:MARUTIEducation
by kanchanpatel
Estimated bullish run in USD/INR As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term. This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading.
UEducation
by Trader_Tech
5