On the chart of BalkrisInd there were two Doji candles and then a down reversal candle that shows weakness on the charts at the top. After 3 days of inside candles, Today BalkrisInd gave a breakdown and in this swing, this may fall down to touch its support of 1170-1200. From here one may short this stock with the stop loss of 1310 or Buy Put. Disclaimer...
There have been several Doji candles formed at the top of the charts and yesterday on Monday it gave a clear down reversal signal and Today it confirmed that profit booking or distribution has been either started or its near the end of distribution phase in PEL. Go Short or Buy Puts in this stock for targets of 1100/1200/1250. Disclaimer : Trading is never...
Nifty recorded an all-time high at 12431 in the month of January 2020. From the all-time high price declined in a three leg down move to record a low of 7511. The time taken for the completion of the down move is 45 trading days. From the low of 7511 price retraced in three leg up move and currently trading around 10778. The current up move has consumed a time...
Standing on support at 180. Further up move possible if this 1/1 support is continued to be held
after a uptrend if gold price comes below 49115 then execute the sell trade with the stoploss of 49208 but if crosses the 49208 then execute buy trade with stoploss of 49115
Long if sustained above 522 sl 493.9 Short if sustained below 494 sl 522.1 Target levels are as marked **Educational Purpose only
levels are calculated based on wd gann angles studies if your stoploss hit then dont panic but take another position on the other side you will be definately in profitable position.
Expected to be range bound in the range 3115 and 3176. Break out above 3234
SBI has been consolidating for a while now. It has been making consistently higher lows and a nice uptrending channel is getting formed. It is now very close to an inflection point. With a little measured risk, one can go long at current prices and add to positions above 196. Targets and SL mentioned on chart.
ITS has strong support at 194/- go long close to 194 for target of 198/- with strict stoploss 192/-
Divis Lab: Buy Above 2475 on CLOSING Basis SL 2375 - 2390 on CLOSING Basis Target: 2505, 2529, 2553, 2575, 2597, 2625, 2645 Sell Below 2365 SL 2425 Target: 2345, 2315, 2275, 2245, 2220 Posting for Educational purpose only Closing Basis means stock need to trade above 2475 between 3:25 ~ 3.30 PM
As seen in the figure, the Gann fan shows the movement of DOW over the previous decades. Looks probable that the present rally may not sustain and we will see a fall back towards the lower line. So in that direction, the first major stop maybe at the horizontal trend line around 23380 .
March melt down could not cause much damage to the stock and by now on its own way. Quite above support and no resistance ahead. I will have a target of 1125 by the year end if all goes well
Holding short term and long term support. Intermediate term target is 488
A bottomline support may arrest its downward movement by today or tomorrow, else it will find support at 434 and then at 371. By August end we may see a level of 589 in case of return of bullishness.
The bull cart started from rock bottom and crossed an important resistance a couple of days back. This has now turned into a strong support line around 540. I feel 540-550 level will be visited once before eventually it reaches a level of 980, say in three months.
While we may see 85.50 in the next five sessions, if it remains bullish from there on or from now, month end target is 105.50.
M&MFin has formed a Doji just before the closing and an inside candle. This is a sign of either trend reversal or a brief halt at trend continuation, but gives us a good trade idea with good Risk/Reward Ratio. To take the advantage of the opening momentum in this stock, Buy above 208.25 and Short below 198.75 with 204 as Stop Loss either side. Either trail your...