For PEL we will use the strategy which includes EMA(exponential moving average). Now remember this is a long term investment so it would involve buying in small quantity and buy on dips. Current Price action CMP = 1012.15 1. EMA 9 = 1031.45 2. EMA 20 = 1030.85 3. EMA 50 = 1012.90 4. EMA 100 = 1039.00 Look to buy above 1042 for our next target 1158.75 Once...
Dow jones is in correction phase. it may test 31031 soon and also bounce from this level as it is trend line support.
Tata Power The zone if 252-256 is crucial zone for Tata Power 267.90 is the gap down level on 18 April 2022 Given the set up one may consider to sell 265 Call option The strategy has protection for rise up to 268.5 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...
US Government 10 yrs Bond Yield Major trend line break out on Monthly chart. Sign of correction in market.
Expecting BTC to bounce from this level. OBV is at support. MACD showing reversal sign.
nifty50 currently trading above 20EMA it may face resistance@17875 and support should be @17300 nifty50 may consolidate for ST just a view for study
SBIN has been trading in a zone and on the weekly time frame has closed near the resistance zone. The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle. On the daily time frame, the stock has formed an inside candle. If the stock breaks above the consolidation zone, nice targets can be achieved. Higher time frame break...
ALLCARGO | Yet another channel breakout - Looks good bet for 40% CMP : 358 SL : 330 Target : 500 1:5 risk reward setup
TECHM Stock is raising after recovering from crucial support.Aggressive investor can buy now at the price 1076. conservative investor wait for the price 990. Target 1:1283.3 Target 2:1494.8 Target 3:1730.95
After zig zag correction new impulsive wave is started, In new impulsive wave 1 and 2 is completed so from here 3rd wave started and target for 3rd wave is around 496-500
Trade Setup Short October Futures from the pullback level or current level. High Volatility Candlestick Chart 25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022) If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40. Macd - Bearish Crossover Renko Chart Fake breakout of resistance at the level of 39011 and...
As we can BANKNIFTY respected its psychological level and reversed exactly from 38000 level which previously acted as a great resistance, now acted as a great support hence we saw a strong recovery despite of huge gap down, now we can expect a short covering from here unless it breaks below 38000 level and sustains below to confirm the downtrend
Market now going on uptrend and Fibonacci retracement of 38% retraced to going up and then Target expect at Fibonacci retracement extension level 50% Target 🎯
Once the index goes below 29800, we might retest the support zone.
Nifty continue bearish trend A gap down can expect tomorrow following global cue Expected support levels are shown. Each breakdown may move next below levels shown with green lines Note: For study purpose only
The chart shows the price near to the Resistance level Note that once a 38% retracement is taken place. Now it can be either a breakout from the present level or correction Note: For educational purpose
As we can see NIFTY showing signs of bearishness but there’s an eminent support around 17300 levels where the breakout finally took place hence the previous resistance has already acted as a good support previously, it could also act as a good supporter now so keep watching everyone
Adani port just near a resistance zone and has formed a bearish candle on the weekly time frame. The main thing to watch out for a nice breakout or break down is mainly the time a stock has consolidated in a range. It has been in the consolidation zone from March 2021. If the market gives a break out of higher time frame, then huge target can be achieved in the...