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Higherhighhigherlow

EIH Assoc Hotels Bullish biasOverall Structure Looks Bullish SL 320 Target 510-520s Zone POC Zone 365s Price is moving in HH & HL Pattern on WeeklyTF The price is just above the 200day Moving Avg for the stock with divergence Stock is trading near the POC line Expecting a potential upside on the stock Lets deep dive into Daily analysis On Daily time frame Chart we are able to understand that price was moving in downtrend It gave a break out from the range and now trending up with Volume Spurt And looks like Inverted Head & Shoulders Pattern formation Potential Target based on Daily TF looks like 480s zone i.e. 23% upside with SL of 380 The Target is also reaching at Daily POC hence once that is achieved one needs to look forward to the price reaction on those levels for Weekly Trade
NSE:EIHAHOTELSLong
by Harshil_g
FULL LENTH EXPLANATORY ANALYSIS ON JINDAL STEEL AND POWER.Few pointers from my analysis on JINDAL STEEL AND POWER. 1. The stock has been in a significant uptrend , making higher high and higher low formation. 2. The stock has consolidated for good amount of time in the big continuation flag pattern. 3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level , which is golden ratio, considered a very healthy retracement on an uptrend. 4.The stock has recently broke out of the flag pattern with decent volumes, can expect a good momentum going forward on shorter-term 5. On RSI as well the breakout and retest has happened. Entry : can be taken near by 410-415. Timeframe used : Daily. Targets: T1 : 440 (FIBO .236 LEVEL) T2 : 500 LEVELS (ATH ZONE) T3 : 540 (PATTERN HIGHT TARGET) Stop-Loss : 373 Conclusion : overall the setup is Bullish and high-probability for performing going forward. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:JINDALSTELLong
by saikrishna9999
5
BANK NIFTY ANALYSIS FOR 04-06-2021Do not Trade in between 35653 - 35070 . As you all can see , Bank Nifty is respecting the Red Tredline marked on chart and had been making Higher - Highs & Higher Lows CContinuosly . So , there is enough room after 35653 . If BN Sustains above that levels we could see a Trending Market with Big Targets We'll only find buying oppotunities today . Take Entries when Market sustains above / below our levels Avoid entries , if there is a Huge Gap Up / Gap Down Take Entries as per Price Action ** Only for Educational Purposes ( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines ) PLEASE DO LIKE , COMMENT OUR POSTS .
NSE:BANKNIFTYLong
by ULTRA-TRADER