By end of the next week an up move may come. Target will be 95-99 in say, one month time.
Price Action Analysis: On a weekly time frame price action in the current week formed a Bullish SKR price bar pattern to final close at 21754. In the previous week price action resulted into a down bar. With the start of the week price violated the low of the previous week and recorded a low at 21031. Throughout the current week the low of first day of the week...
Price Action Analysis: The present scenario in Nifty reminds me of a paradigm MOB - Make or Break situation. The previous week price bar structure was a Bearish SKR. On Monday price opened at 11057 and recored a low 10882 breaking the low of previous two weeks. But the low of Monday was protected throughout the current week and price advanced making higher low...
Fresh long position can be initiated with Monday's support at 391 and a target of 480 in say, a month
Support 580,target 809 by December '20. And beyond 812, it will be on its own.
I see an imminent break out in a short while, 926 is the level to watch out for, in this week.
Under normal circumstance the up move may come in October i.e., five weeks from now. The support during the interim period will range from 276.65 to 302.65 progressively ascending. Break out may occur around 7th Oct or may even come as early as 31st Aug. Resistance will range from 338 to 315, progressively descending during this period. If it turns suddenly...
MARICO LTD:- BUY RANGE 350₹-375₹ for Target 400, 450++ Stop-loss:- 320₹ CLBS Disclaimer:- Breakout with vol. accumulation seen in past days..
Trend analysis using GANN square.
BATA INDIA BUY ABOVE 1270 TARGETS: 1277, 1285, 1293 SELL ABOVE 1250 TARGETS: 1243, 1235, 1227 IF SUSTAIN ABOVE 1300 THEN FURTHER UPSIDE POSSIBLE Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Target is final gap filling at 1153X before this uptrend tops out. 11100-600 Orbit is also intact. Caution: NIFTY is dangerously close to break the uptrend started from 15th June and more downside is not expected on closing basis. So, though invalidation is 10827, another red day on Monday could mean that top is already in.
It means that the stock rebounds from this level and we may assume that this is the turning point then only an up move is logical. My target for HEG is 1650 by January 2021.
If it is able to cross 69 by the month end, fresh bullish move can be seen there after.