In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone . In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema . The Indicator Used: PANEL 1: 1) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded...
The auto sector has been really strong lately. In 1 Daytimeframe stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone. In the 1Hrs timeframe it has formed a triangle pattern. It has completed 38.20% retracement and also Supported by 50 daily ema. The Indicator...
MRF at 0.23 retracement level on fibonacci also fallen bellow trendline today
Buy SYMPHONY around 855 if you get for target 975 T2 1199 T3 1375 SL 809 still looking good on Weekly & Monthly timeframe
This particularly, is a very good stock to buy as per my study With a good combination of technical and fundamental indications this looks a good stock. Technical aspects:- Trendline (Uptrend) Dynamic support of averages in multiple time frames Retracement levels From 0.618 Breaking a resistance. Fundamental Aspects:- Market Cap:-33200cr PE:-...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...
In 30 mins time frame, the price has formed lower low and lower high, below 580 stock is weak. Dont buy until the 30mins structure changes to Higher High. In 1 day stock is nearby its lower trendline, Currently close to 20Daily Ema and proper valuation in 1st chart. Also standing on Demand zone. In 2Hrs timeframe it has completed 61.80% retracement and also...
In 1 day stock is nearby its lower trendline, Currently took support from 50Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Breakout with high volume. In 2Hrs timeframe it has completed 38.20% retracement and also supported by 200 ema. The Indicator Used: PANEL 1: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY...
Nifty looking bearish, very short term. Lets wait and see.. cheers!
After the breakdown of strong support expected banknifty will fall till its 50% retracement level of Fibonacci.
Best buy opportunity for ONGC as it is retesting the breakout from the last HH and possible reversal as the stock is in an uptrend. Wait for a confirmation candle before entering the trade with possible targets 115 & 119. Note: For educational purposes only!
POSITIONAL TRADE! Reasons to Trade: 1) TrendLine resistance 2) Good Volumes 3) Inverted Head & Shoulder Pattern SCENARIO 1: The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly. SCENARIO 2: The stock might come down and fill the gap, where the fib 61.8 matches, and then fly. We will Check which scenario...
Hold your shares for the long term and Buy according to this chart pattern for great results.
1. may fall till 61% and retrace its trend in upward direction 2. could go down till second support level and reverse
Stock has corrected to 61.80% Also near 50 EMA in 2 hrs Timeframe 417. 20 daily ema is nearby 410. Buy only if there is a reversal candle near 410-420 level with sl of 397. The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue...
Riding the Channel. A couple of resistances on the way.