ZFSTEERING after giving an episodic pivot gap with high volume is nicely respecting the gap and following tightly with respect to 21 EMA and 50 day MA. Looks like there's more gasoline left in the scrip. Stoploss should be placed ar 590-585. This is a great candidate for a swing trade.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI...
Even in spite of the recent greenish momentum, we were all looking for a bearish breakthrough. I cannot say with 100% confidence that we are on the verge for a timely correction - but the markets are quite indicating that way.
Banknifty is again scoring over Nifty50 by staying more stable and swinging lesser. Today's episode may be linked to ADANIENT, but over the...
Chart pattern insist me the above titled opinion
Reasons
1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness) .
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support...
Chart patterns look impressive and paves way for the above titled opinion
REASONS
1. KOTAKBANK has been trading inside ASCENDING CHANNEL(Bright red and green trendlines) taking support and resistance at perfect levels till now.
2. Currently it is going under the down swing move inside the ascending channel .
3. In daily time frame , it looks like...
indigo
bearish gartley on weekly chart ,
on daily chart running between range in channel which act as flag and pole with runway gap (mean 1:1 target )
sell indigo below 1848 add more 1920 if get only
closing sl 1945 above
target 1720-1680-1515(close below weekly 200 ema @1679 )
Chart pattern look interesting for a short trade
Reasons
1. SBILIFE travelling in a Descending channel pattern ( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops )
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as...
NSE:ZEEL1!
Running news of merger with sony .chart have breakaway gaps with highest volume with previous weekly trendline and triangle breakout.
now again forming triangle on weekly trendline support area ,breakaway gap area with bullish butterfly, also having support of monthly inside candlestick low, and divergence on daily chart
Buy Zeel above 226.4 add...
Chart patterns poise way for the above titled opinion
Reasons
1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart).
2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel.
3. Rounding top too confirming the chances of down move .
4. GAP b/w...
#Gold Short ( 01 Aug)
RSI-49
Gap down, RSI divergence
Sell at CMP- 51380
SL- 51550
Target- 51185, 51060
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Runaway Gaps
Good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. There is a significant increase in volume during and after the runaway gap.
Recent Events - Tata AGM 2022
Exhaustion Gaps
This Gaps formed near or the end of good uptrend. Identified by high volume with a large price difference between...
I compared nifty hiekinashi chart with simple candlestick chart...i found that when LH-LL made then it is a possible of gap down position & when HL-LH made then it's position of gap Up position also noted that it is above Supertrend indicator or below
NIFTY in consolidation after hitting high near channel top 18115
down side 17700---17800 is the support zone based on following analysis:
support :
20 ema : 17750
critical trend line (white) support near 17740
gap to fill support : 17688
note : LRHR (Low risk high reward opportunity ) will be finding selling opportunity near channel top
and finding buy on dip...
On Intraday terms Nifty is Moderately Bullish for 02/03/2022. As there are multiple support levels for nifty to hold the downside, 16720 - 16660 will work as an area of support for the day while on the upside price might see resistance at 16920-16950 zone if that gets clear out than possibility of seeing 17050 is high on intraday basis. Also there is a possibility...
What an expiry today, with interest rate fear taking nifty down. Look at the chart. There was a huge gap between the opening and the consolidation. Looking at the nifty 5 minute chart, there is a strong upward trend, supporting 50 EMA. Every time the Nifty is at the 50EMA, good buying activity. At one point, it indicated that it was about to cross the 18000...
