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Both eyes of the investors are keeping a close on ITC.Looking at the Gravitating li ne(Red), you can how there is an active attractio n from 1 to 8. The Price is moving toward the support level(225 ) on a strong(tight) value area(Channel) where investor's eye is looking to buy this stock. The changing and crossing over the Average Volume should be best sign for creating a position (target 257 and 280). The curr ent market price is 237 - support at value low 225 = 12 points far from you. There are two excesses found at the top (value high) of the channel.
NSE:ITCLong
by Trade-Technique
21
Buying is initiated on this stock footprint view for AARTIINDWe have seen here two Flag Pattern , One Channel and Triangle on this stock. While Flag Pattern found in up trend and present formed is a triangle at value low of the channel. Almost everything is positive on this stock at the value low of the channel. As per triangle target is 837 nearby. After breaking trinagle, I expect here flag pattern again with the target of 904-923. Stock is forming triangle pattern on long timeframe . We are seeing tight channel and the price is trading at the value low(lower line of the channel). This means, investors is ready to enter if volume increase price can make wave (5) as mentioned in the chart. The primary trend is up on this stock.
NSE:AARTIINDLong
by Trade-Technique
34
Identifying the trend and turning point of BANKNIFTY.Identifying the trend and a turning point of BANKNIFTY from the record of 2012 to 2020 . Resistance and Target 33318 from where U-Turn is possible to easy. The current price is far from the control price . Resistance 33318 - CMP 32400 = 918 points The current trend is up and resistance is far from he re is 918 points. Personally, I don't advise taking a short position on banknifty and neither long position on it for the long term. Yes, short term trader takes a long position with stop loss until target 33300.
NSE:BANKNIFTY
by Trade-Technique
Nifty - Long - Swing TradeNifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag. Further consolidation was seen in the ~11800-12000 range. Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole. This is ofcourse going to be a swing trade with positions to be held for several weeks. I will post updates on the trade from time to time. Stop Loss should be maintained at 11800. Target: 12775
NSE:NIFTYLong
by joyesh
2
Observation of two time-Frames for BAJAJ FIN is downward trend.By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1 . Scenario 1: If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400. Scenario 2: Lagging or late fall then price can move up for little and then price fall will be starting late. 1month candlestick. BAJAJFINSV has formed a solid tight up-channel. The considering long term trend, the current is going down. Though as per the time cycle, the downtrend is too far from now to start, the price is already reached at a value high and started to fall. The Previous resistance was is at 8585.
NSE:BAJAJFINSVShort
by Trade-Technique
5
Asian Paint - Higher Time Frame View. 1. Major support broken down on daily chart which was 1720-1715 levels. 2. Next support as per TA is 1630 which is 0.618 FIB retracement of last parabolic move up. 3. If 1630 breaks that possibility of down towards 1500 seems look good. Trade Setup - Personally i am going to build up a short position from 1690-1710. - With stop loss above 1730 - Target 1 : 1630 (Book 30% of position profits there) - Target 2 : 1500 (Book balance 70% profits there) Join our telegram community for Updates During Market : t.me
NSE:ASIANPAINTShort
by Noob_Trad3r
CIPLA TECHNICAL ANALYSIS: Might enter a Bear zoneCIPLA has been trading in a range for almost 5 years now ( Look at the chart) But, now I think we might see a new trend- Potentially a bear one. The problem with most traders is they think "indicators are everything" which is simply not true . A fancy cluttered chart with 10 indicators doesn't mean accuracy at all. I think you can trade with just basic tools, you just need to know everything about them, extensively. Today is 9th October 2019 (9/10/2019). This is a 3 Month chart. CMP-411.90 i Believe CIPLA is changing its trend as the trendline which has been been acting as support from April 1st 2003 has been broken, But CIPLA has NOT closed below this trendline. This is a 3 MONTH chart, it closes on Jan 1st 2020. The ultimate confirmation will be when CIPLA closes below the trendline. The view is very clear, I don't complicate things. What should this mean to you? If you hold CIPLA in cash market, now is the time TO NOT even think about getting out. (You're already on a lot of loss right now but things might change if it doesnt close below the trendline) If you're looking to invest into CIPLA, You shouldn't right now either. Wait till the candle closes ABOVE the trendline. Trade safe and sound.
NSE:CIPLAShort
by ChartCraft
2
BPCL is trading in over-reaction area. The following factors are -ve. Price is too far from 20 M.A. Tail found at the area of over-reaction. Wave(5) is so close . The price is out of trade channel area. Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit booking for short this stock . Logically, best short price 466 nearby for maintaining good risk and reward as a protective stop above 474 above. Thinking about everything is exactly what target is targeted 438 and 400 below.
NSE:BPCLShort
by Trade-Technique
13