Key Highlights: 1. Potential change in MS underway 2. Descending broadening wedge pattern 3. Trendline breakout 4. Consolidating in parallel channel 5. Ripe for the next impulsive move 6. Target: 1561, 1635 7. Stop loss: 1455 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is...
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Nifty 50 : Trend is down- Sell on rise ( see video for details ) Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Notes: The scrip has been in a pretty tight range of 1% for the past 2 days. Today. after an early attempt at breaking the the upper wall, the stock fell into an even tighter consolidation of 0.5%. Expecting a breakout in either direction. Aggressive traders may also consider the inner channel it traded today to take positions. Safe traders could wait for...
#Nifty50 and #Banknifty saw a day with some bearish bias. Their down-moves were 2x their up moves. Where do you think the #stockmarket is heading? Important Nifty levels and Banknifty levels for tomorrow: Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops) Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250,...
- Priceaction analysis - Supertrend strategy - Mark important levels same as in your chart
Rising channel pattern taking support on trend line , important levels marked in chart .
Levels for Nifty: 15,596, 15,660 ---15,733, 15,750, 15,835 15,986 (don't want to pick tops) Levels for Banknifty: 34,130, 34,420 --- 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
HDFC BANK! Largest Private bank in India and I personally love its stock keep this stock in your portfolio. It is respecting its pre covid trendline! Target and SL marked in pink
Banking stocks are underperforming for quite some time and I cannot stress enough how bullish they all look right now! The same is with one of the biggest banks in India, AXIS BANK! Respecting the trendline pre coronavirus and on a trajectory to reach its previous ATH
PNB Bank is showing 2 bullish patterns and also it gave golden crossover recently! lookout for the month of July, it's going to be the month where banking stocks dominate the market! immediate targets and SL are marked in pink.
HDFC Bank has formed cup and handle formation which is bullish and also inverse head & shoulder (as marked on chart). Volumes also show massive activity in the counter. With bank nifty ready for a massive rally, HDFC seems to be the one which will lead the rally (fact: it is also the most weighted stock in bank nifty index i.e. 28%). All the signs are positive,...
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Reliance : Trend is down- Buy on dip ( see video for details ) Hdfc Bank : Trend is up -- Buy on dip ( see video for details ) Heromotocorp : Trend is down-- Buy on dip ( see video for details ) Jai...
here we are having a look at HDFC bank as you can see in the photo itself we can clearly see the stock has given breakout from a downward channel and that's a good sign for bulls as we come to the end of June the next month would be playing an important role for this stock since INDEX nifty has already made a new all-time high we are expecting bank nifty to be in...