Bank Nifty has broken the trendline and the major resistance at 22,500. It will now act as support for the index as it surges forward towards levels of 24,000.
The above is for educational purposes only.
Tata Consumer Products breaks 52 week high level at 400 with high volumes.
Target for this stock is 500 though it may take some time due to profit booking. Crucial support level is 400.
The above is for educational purposes only.
Go for long.
1. U pattern formed..So price will go up
2. Fibonacci lvl (.382) is acting as resistance and it will become a support in coming days
3. Trend line shows an upside indicated clearly
Target : 3359
Target time : 2 weeks
Follow if my analysis is perfect
RBL BANK AFTER high of 205.70 it retraced up to 170.80 it retraced at 61.80 from this high....presently at support zone after neckline breakout it can give momentum on upside first resistance at 181/185/190 with support of 170....also in hrly chart its rsi positive diversion.
Current position is BUY bought on 1 JULY 2020. @ 10306
for July 8 2020 Continue to hold LONG and reverse to SELL if NIFTY closes below 10688.67
Profit as of now 453.4 points
These are NIFTY JULY FUTURE values and NOT Spot.
The stock finally completed its retracement to 0.618 levels today
Some consolidation may happen here - depending on how NIFTY behaves.
Buy above the high of today, 118.2 for 120 as the immediate target.
118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.
SBIN closed just below the support at 188 after testing it for greater parts of the trading session today.
BANK NIFTY also closed higher than previous weeks but could not break the resistance, which is why the stock's upward movement was arrested.
The overall view is bullish with Elliot Triangle wave pattern for a bullish market as shown on chart.
Holding...
ITC has formed Cup and Handle pattern and it is closed above the 50% Fib level. The next target can be the depth of cup pattern, which will be around 220. Stop loss can be placed below 200.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any...
The stock is currently in 375 range, which it has faced resistance many times in the past. If it crosses 380 zone with good amount of volume , we can consider long in this. Levels have been mentioned in the graph.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment...
Trade Call : The stock witnessed a breakout from a symmetric triangle pattern on the 5th push up which indicates that the breakout will sustain.
Entry : 330-340
Target1 : 347.05 (Long term 0.382 retracement level)
Stop Loss : 326.45
Situation Call : A breach of the short term 1.272 retracement level (at price 364.4) will further fuel the breakout and we...
Company just completed BUYBACK on price of 1725.
Stock is showing very high bullish signals.
Stock is breaking out 2 month long consolidation.
sectoral churning is constantly happening in the market.
IT is absolute under performer lately.
IT index do look strong on charts.
Risk reward looks positive now.
Volume structure is perfect for sustainable up side near...
If doesn't break 10350 then 10697 target in couple of sessions. Otherwise consolidation in 10250-350 zones.
Below 10350 close on 15 min chart gap 10288 will be filled.
Just my analysis not recommendation for taking any position :)
Stock made its explosive move towards 1.618 fib level 380 from wave 2 and completed 3rd wave, extension 2.618 (478) is less likely.
So fall to 0.382 or 0.5 fib levels expected in coming sessions.
Sit tight and wait for entry near 315-295 target 400 Stop loss
SBI life has made a barish harmonic pattern. The volume is not supporting the breakout. So expect some sort of reversal from prz levels
This is my view. Take trade based on your own analysis....
NSE:APOLLOTYRE has crossed 38.2 Fib level with good amount of volume. We can consider Long in this, with the next target of 50% Fib level, which is around 128.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
