BHEL -- INTRADAY SETUP -- 17/01/2022BHEL -- pick as intraday on 17/01/2022 Due to strong bullish technical indicator, stock has 200 SMA support , Bullish CUP pattern formation with strong trendline breakout with Good volume, Channel breakout, Bottom formation before breakout all indicators seen on hourly chart . stock can give upmove 2-3% on intraday for next trading session. can stay long also for 10.20% upmove for positional trade from cmp 63.70.
all techncial indicators explain in chart !!
BUY BHEL @ 63.70
TARGET 65-66 INTRADAY
STOP LOSS 61.25
intraday support : 61.70, 62.50
intraday resistance : 64.70, 65.80
*PLEASE DO OWN ANALYSIS...IDEA FOR EDUCATIONAL PURPOSE...take call at own risk!
HAPPY TRADING !!
H-setup
NIFTY - INTRADAY - 21/01/2022NIFTY intraday setup as on 21/01/2022 on chart clearly shown some technical indication .
last 2-3 trading session nifty seen sharp fall after 18350 level where you can see Death crossover of moving avg . effect of that nifty sharply fall further towards 17670 sub level today and last 1 hour take support, at that level 1 bullish green hiekin ashi candle form on hourly chart..which indicate Tomorrow may be some consolidation first 1 hou,r if that support hold then nifty will be trading upside to 17800-17850 level. resistance upside can seen at 17950 level.
if nifty does not hold and breakdown 1st 1 hour can fall towards 200 SMA at 17570 strong support . so downside target 17570 and upside target 17850-17950 is trading zone of nifty tomorrow 21/01/2022.
HAPPY TRADING. !!
VEDANTA - INTRADAY SETUP - 10/01/2022VEDANTA -- Pick as intraday as on 10/01/2022 .. Technical Bullish indicators found on 15 min chart . stock has under perform till now .. trading at trendline and urge of breaking trendline ..Price trading above VWAP and good upmove around 3-4% can seen once trendline breakout on intraday basis on monday
RSI found Bullish if trendline breaks, RSI will trend above 60 and 60-80 is bullish area of RSI.
BULLISH TECHNICAL INDICATORS.
>> Sign of Trendline breakout
>> Price above VWAP
>> RSI Bullish
>> Double bottom seen on chart.
BUY VEDANTA above 339.25 ( price at confirm trendline breakout )
TARGET - 342-345-348
STOP LOSS 332.
* this idea can hep for technical study and analysis purpose. please do own analysis. take call at own risk. !!
WISH YOU HAPPY TRADING. !!
ALOK INDUSTRIES -- INTRADAY SETUP - 10/01/2022ALOK INDUSTRIES another pick of intraday on 10/01/22 due to extremely Bullish indicator on hourly chart. !
Stock has edge of strong Resistance 27.50 ..at cmp 26.55 this resistance can retest on intraday and if breakout happens it will be very strong upside target near term. but on intraday basis keep 1st target 27.25-27.50 .
At trendline after some correction heikin ashi candle following green candle combination form indicate reversal bullish trend ...keep buy level just above last small green candle at above 26.70
TECHNCIAL INDICATORS.
>> Doji Following bullish candle
>> MACD above center and signal line
>> RSI Bullish
>> At trendline breakout
BUY ALOK INDUSTRIES @ 26.70
TARGET - 27.25 - 27.50
STOP LOSS 25.90
** PLease do own anlysis ..this idea can help for same..take call at own risk. !!
HAPPY TRADING. !!
*
ASHOK LEYLAND ---INTRADAY SETUP - 07/01/2022ASHOK LEYLAND is pick of intraday as on 07/01/2022 due to Bullish technical indications. one can buy on intraday deep at morning session 1st 1 hour
at 131-132 level .. nifty likely open some gap down. recently trendline breakout seen on 15 min chart where stock bounce back from its strong support zone as well as golden crossover of 20,50,200 SMA alo seen on chart..stock has form w pattern which is also bullish indicator.
BUY ASHOK LEYALAND @ 131-132
INTRADAY TARGET 134-135
STOP LOSS 128.50
>> Please do own study and analysis this idea can helpful for same...take call at own risk. !!
WISH YOU HAPPY TRADING. !
VODAFONE IDEA - INTRADAY SETUP - 06/01/2022VODAFONE IDEA --intraday seen double bottom support on 15 min chart so pick as intraday 06/01/2022, as one can buy around intraday deep at strong support level 14.80-15 for target 15.60-15.80 stop loss 14.45
BUY IDEA @ 14.80-15
TARGET 15.60-15.80
STOP LOSS 14.45
* please do own analysis and study ..this idea can helpful for same...take call at own risk. !!
WISH YOU HAPPY TRADING. !!
BANKBARODA trend line analysis i have made a analysis by using few technical indicators and trend lines. My observations is as bellow.
1) Based on the trend line analysis- stock is following the up trend since 8 months
2) Fib- retracement: shows good buying opportunity at 85 to 90 points, so that at this level the stock comes and touched the trend line, becomes a good entry levels.
3) RSI indicator: now it touched the fear zone and whenever it enters this zone it comes back to supply zone in the time frame of 2.5 to 3 months. So in this time frame stock comes back near 85 to 90, becomes good buying zone.
Conclusion :
1) can short the position and wait for the next buying zone to enter,
2) target T1- 115.
Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
A Potential Reversal Area For Watch RDS.A in past done breakout of triangle pattern then after that now retracing back down to same breakout level. so expecting a reversal from same breakout area for any reversal near this. always trade with risk and money management . follow the plan :)
RKFORG | Flag breakout opportunity (Small position size please)RKFORG | Flag breakout opportunity (Small position size please) - Looks good for 40%
Taking based on only technical chart setup - Fundementally slightly weak company as EPS is in negative.
Similar to WELSPUNIND, TATACOFFEE patterns.
CMP : 642 (Dip : 600)
SL : 540
Target : 850