IDEA
BANKNIFTY analysisBUY SIDE
As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500.
Thus we can go for long in Bank Nifty upto next high level or for a double top pattern.....
SELL SIDE
As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position.
A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move.
NEUTRAL
Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
IDEA BUY TRENDbuy -9
stoploss-7
target-1:2 or 1:4
accumulate whenever it drops till 7.50rs
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at ₹10 or above.
Buying Opportunity in BNF BNF just took support from PDH.
With a SL of Just 60 points we can go long at cmp 46733
SL levels:40670
If we buy ATM option approximately 15 rs SL i.e, 375 rs per lot.
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
IDEA BREAKOUTIdea looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
NOTE-: THIS IS ONLY FOR EDUCATIONAL PURPOSE
Vodaphone IDEA Vodaphone IDEA - if it gives a weekly close above 10.1, some serious upside possible to 30-35. Volumes is yet to confirm the move. Long journey.
View invalid below 9
EURUSDSentiments: BUY.
Fundamentals: SELL.
Technicals: SELL.
Note: Need LTF Conformation before entering the trade.
My Final Setup Idea From now onwards this will be my template for my stock selection on my Swing Trading on Daily Timeframe... no further changes at all
Eicher short term BreakoutAs we all seeing good up move in AUTO sector Maruti, TVS, M&M already performing good. But Bullet king yet to perform
I think breakout above this trendline can give good upmove till 3044 to 3220 with stoploss of 2735 closing basis
Infosys - Looks Good for target 1680Infosys looking very good with rounding bottom pattern. May buy for easy target of 1680.
CDSL looks goodCdsl has again broken a minor structure and can go upto 1300 levels now. Keep an eye.
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels.
Few points :
2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout
2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside
2022-07-26: ADX is >25 and DI+ is > 33
2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames.
Please add to watchlist.
nasdaqaccording to price action we can see a clear cut of berrish last till nextweal and reallygood berrish , and abundance of financial freedom coming to sus :)
Vodafone Idea looking BullishNSE:IDEA Vodafone Idea looking Bullish. CMP of 8.85, SL 7, Targets of 17, 26, 35. Please do not overboard, as this is a Penny stock
Didnt catch the full move My analysis
This is what I try to do on a daily basis but lately the market has been too slow for me to enjoy but thankfully today was an exception :)
support and resistance for kotak bankits having next support of 1718.40 followed by 1696.50
and up side resistance of 1743.50 and 1755
ENGINEERS INDIA - 61 - LONG TERMEngineers India Limited is an Indian government owned engineering consultancy service provider. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was set up in 1965 with the mandate of providing indigenous technology solutions across the hydrocarbon projects.
Vodafone - Idea If it had to bounce this was the perfect level 08.00Rs as per fib golden level 0.618, also it had taken support on same level 3 times , if it breaks this level it will be weak enough to touch approx. 6.00 rs level which is also a bottom of highlighted channel in light yellow, however it is a good sign to bounce from the same level where it took support 3 times, now upside i see a target of 22-25 rs in 6 mnth - 1yr may be as per previous data analysis , where it meets the bigger channel drew in light green, 16- 17 rs would be its 1st hurdle or can say point of profit booking as per previous channel high where it would also face resistance from Ema 200, which it has not broken since 2012. If we check RSI formation it broke its descending trendline and retested the same and now is upwards. all signs and analysis shows bullishness for coming few months.
Vodafone idea long term analysis Recently monthly chart of Vodafone idea breaks the Trend line. We can see sharp fall in monthly chart. If Vi does not sustain this level the next support will be 5.2 and 4.55. As per current price action looks like Vi can get up to 1.5 Rs or may be less than that.
Desclaimer : This is my view as per current price action. If price pattern changes also change my view. This is not any buy or sell recommendation.
