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.
Current position is BUY bought on 1 JULY 2020. @ 10306 for July 7 2020 Continue to hold LONG and reverse to SELL if NIFTY closes below 10691.8 Profit as of now 457 points
Jyothylab continuously trying to break supply zone of 125 Buy at 118 (dips) SL = 99 Target 139 Follow Fib levels for more targets Trail once move in favorable direction
Techm gave a triangle breakout and then retested. Now again trying to go up with support of 519 Buy at CMP 568 Targets as per Fib ratio on the chart Trail once move in our direction
BAJFINANCE looks great for a breakout from long term resistance at 3121.3, can take it to next level of 3926 & then 4423. Stop loss would be around 2900. DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
Those who have missed opportunity of buying at the dip of the channel, can go Long now, as it has crossed 100% Fib levels both on Daily and weekly charts. The profit target can be high of the channel or next Fib level i.e, around 734. This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of the stocks. Please...
The stock came back up and closed at the 0.618 level last week after briefly testing below. Momentum is bullish. Buy above 50 for targets of 52, 53, 54 with SL at 48.5
The stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265. Choose an entry position based on your risk appetite. Strategy 1: 'High-er' Risk & High RRR In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278. (Can wait for any small uptrend with the risk of losing out on...
buying above 1062-63 target1 1080-81 target2 (strong resistance) 1111 Tip: "NSE:HDFCBANK"]NSE:HDFCBANK expected gap-up opening on Monday 29-June-2020
Strong move from BALAMINES yesterday, breakout with huge volume spike. Expecting strong move from hereon. RSI seems promising around buying range. Golden moving average crossover. Possible 1st target will be around 585-600.
HELLO GUYS, 1. escorts is above 200dma on the daily timeframe, 2. it is forming higher highs and higher lows on monthly timeframes. 3. as per Fibonacci it can achieve 1570. CMP 1072 TARGET 1570 STOPLOSS 1000. peace out!
ONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84. The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement. Positional Ideas: Go Long above 84 for 86 Short below 80.5 for 78, 77, 76 Scalp between 81 and 84 levels Don't take positional...
Short on BPCL at current levels because of following reasons: 1. Ascending triangle formed on BPCL daily chart along with lower volumes in the last few days. - Indicated a break-out at a lower level 2. Fibonacci retracement places the next resistance level at 400. Stock expected to retrace to 360 levels 3. Simple bearish divergence noticed on the Daily chart...
Please refer the below chart. The above is for educational purposes only.
ICICI Bank forming an ascending triangle pattern on daily charts with resistance at 380. Major resistance as per Fib levels is also at 380. If ICICI Bank crosses 380 levels with conviction on hourly charts, big upwards move towards 400 levels will be seen wherein the 200 day EMA is placed. However, if Bank Nifty breaks the trend line and moves downwards - ICICI...
Infosys formed a rising wedge on daily charts with the last day closing on the edge of the Bollinger Bands (with 3 std deviations). If it does not break 770 with volume, it will fall back towards lower trend line of 725 levels. However, if it does break 770 with volume, it will rise to 810 levels. The strong gain made by Rupee on Friday along with the daily...
Nifty forming a rising wedge on daily charts. It recently crossed 200 day moving EMA and the crucial resistance at 10,585. If it does not hold 10,600 levels, it would retrace to 10,000 levels. Duration for this retracement: 5-6 working days. If it remains above 10,600 and breaks 10,700 with volume - It will rise to 11,300 levels. The above analysis is for...