Future
Update on BrentBrent had moved up to 78.5 and down now to 77.4 . To book profit at 77 was expected.
If trade is not closed then booke profit and wait for next analysis. Buy was given at 74 $
Brent target was given @ 82. Since crude is highly dependend on external news precautionary measures is taken.
Trade crude on your own risk management.
Bank nifty Futures 22nd June 2023Let's see how the day opens tomorrow. Price action should be watched, and a decision taken accordingly.
Will try and give some live market updates.
Keep following to understand the significance of these lines drawn and how and why these lines are very important.
Please go through the previous charts and check the price action and how these lines responded vis a vis the days open
Aarti Ind - Short term viewThe above chart is the single point of view to understand the movement of the stock. In the past few weeks, the stock is trading in a small range.
According to the above setup, if rises above 425-430, may go bullish up to 610 or even 730.
If breaks down to 470 and sustains below, may go to 350 levels.
This is only for learning and sharing purposes, not a bit of trading advice in any form.
Please share your views about the study, especially if you don't agree with my approach.
All the best.
Piramal may be a good pickThe stock is trading in a price range for the last five months. This time again at the lower levels. If able to sustain above 780 levels, may be bullish in coming sessions. The buy scenario is open only above 780. Keep it on the radar.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
OP scalable L2 blockchain (passive)OP is a fast, stable, and scalable L2 blockchain.
The growth shown by OP is last few days is excellent. It might not be wrong to say OP is leading L2 blockchain because of growth.
This has a very bright chart ahead.
All goes well with BTC, we could see $4+ in no time.
Its very good to enter now, with a proper SL.
SGX Nifty possibilities of long and short trades.This is an Idea of SGX Nifty probabilities on a Long note.
Fibo retracment :
Lets start with basi Fibo retracement, from point A to B , which is already at 38.2%, now we all know if this is going to be a strong bull trend there will be a possible reversal at this level or
a possible reversal will be at 50% which comes around 17238 - 16938 .. it doesnt have to be 50% it may even take a reversal at 61.8% as well.
Pitchfork :
A valid Pitchfork has been broken and trigger line has been rejected (Normal terms we call it trendline)
2 possibilities here: One, this could be a retest of the broken pitfork line which is absolutely at fibo 50% which can only be known once it reaches that area of horizontal support
Two, this could be a downtrend after getting rejected by the trendline at point B.
H&S Pattern :
There is an Head and shoulder pattern in formation which could take support at Fibo 50% and revert back to the trendline, if this happens and a breakout of trendline is seen, target is mentioned on chart.
lets say H&S is not formed, trendline or pitchfork parallol line still acts as a strong resistance, or breaks pitchfork and rejects at trendline, that is going to be a 3rd time rejection of this trendline,
we might see a stong move downside once again. which i called alternate possibility.
Chart to Consider : Gail India Ltd#gail #longterm
Gail India is finding buyer in the zone of 120-130 for the past one year, seems strong foundation is made by smart money, good stock to consider for levels as mentioned on the chart.
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
NIFTY - Russia Ukraine Index CrashRussia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when index consolidated for more than 60 days. Range starting from 15500-16000 last time was area of major action when lot of tussle happened between bulls and bears and finally breakout happened for further fresh rally. If price continue to fall we can except some kind of support along trendline highlighted on chart.
bank nifty for the upcoming sessions i think its gonna be bullish as we see the trade reversal on the last trading session. here i am sharing some important levels for tomorrows trade i.e 12/11/21
this analysis is for intraday or upcoming sessions. hope you guys like it and support it,
thank you.
ADITYA ANDHARIA
Bank Nifty is in a rising channel.Bank nifty has been in a channel for quite some time now, accompanying nifty, but presently it is in a rising channel annd it is expected to respect the trendline by taking support rom this level on, intraday leveks are mentioned on the chart.Trade at your risk and consult your financial advisor before taking any financial risk.
Future Retail - Bullish Investment OpportunityThe SEBI has approved Reliance Retail’s acquisition of Future Group’s retail assets on Wednesday. ( 20th jan 2021 )
This led to two days upper circuit in the Share Price. As the approval for the Future Retail led to positivity in the market and possible Target 150 within the month of Feb.
Hold for long term to get target as 350, asthe vaccines as been out and the stores are opening this will lead to strategic increase in share price.