PIDILITE Perfectly honoring to Fibonacci retracement .Hold your shares for the long term and Buy according to this chart pattern for great results.
Indianmarket
possible positive breakout of DEEPAK NITRITE .CUP PATTERN.TAKE PAPER TRADE IF YOU ARE BEGINNER. THANK YOU AND FOLLOW FOR NEW CHARTS AND IDEAS
BHARTI AIRTEL short sell opportunity for tomorrow .Try short-selling using paper trade. Stock is about to touch support and perfect indication from MACD. Just one day Profit booking opportunity.
Keep trading keep growing, Follow for more ideas, like + share this chart with your friend. Thank you.
Long term pattern for Indian SensexThere is a very strong support for the BSE Sensex which has been successfully defended in multiple watershed points in Indian history
1) 1980, when Indira Gandhi came back to power. Mrs. Gandhi replaced a government which was seen as being more friendly towards US and corporates.
2) 1984, when Indira Gandhi was assassinated amid the Sikh extremist movement and retaliatory massacres.
3) 1988-89, at the Height of the Bofors scandal and when bear Cartel was at its most active.
4) 2003-04, when the bear market due to the Dot com bust and the Ketan Parekh scam bottomed out.
5) 2020 Corona pandemic induced sell off.
Interestingly this support was not tested fiercely in the great financial crisis of 2008-09. India in general was probably one of the best performing countries throughout the recession as Indian financial systems were still largely in government hands.
There is a resistance line which has so far successfully repelled two well known periods of excess. The Harshad Mehta rally tested it in 1992 and the broader emerging markets rally tested it in 2007. There is a possibility that the current rally will again test this line if it gets up too fast. As of now, the markets are modestly overpriced, but nowhere near historical excesses. If global cues are not bad, there is room to run for this rally.
prediction : there would be double bottom will occur .Add it to your watch list and sent me your views on this guessing.
INFOSYS 's bullish flow give some time and join ittake position after 10-20 days keep you eye on it and make big wealth.
Nifty Downside till 13000-13200 levels.Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being.
Markets are extremely oversold on RSI and MACD. Hence buying every dip will be a good option till February end. Long Term Bullishness is still intact.
*(No Purchase/Sell Advice. Only for Educational/Data Sharing Purposes)
Nifty Prediction for JAN, FEBIn longer TF it forms the rising channel, Now it touches the upper side of channel and now its in correction stage and To Additional to this it respect the Elliot wave, in this also it finishes their uprun and starts its correction phase. This correction phase consists of three waves. We may anticipate nifty to get reverse at 13200 - 13150 (approx.). lets see what will happen in upcoming days. so plan your positions according to this.
NSE:NIFTY
Nifty sell with sl 14650Nifty just broken 20,50 ma cross today.sell with sl 14650.
Targets =14150,13850.
Apollo hospitals 15 mins Flag and pole Please refer to chart for the analysis .
Share your ideas ,like and subscribe
@Note : Not responsible for any loss / damage ,refer to your analysis/stock analyst before initializing
BNF levels to WATCH ready for trap / ready for another big run for bnf going up with low volume let's see next week how market gone to react according to me it will come down like now go up with less volumes and volumes can also change in coming days so keep this in mind don't do blindly long or short trade with confirmation
TRIDENT- GOING DOWN? IMPORTANT LEVELS TO LOOK AT!Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators.
Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
MSPL- MOVING IN CHANNEL? IMPORTANT LEVELS TO LOOK AT!
The bulls have managed to pump the price a lot in the last week.
Currently, the price is moving out of the channel. Hence, expecting a drop in the channel.
Also, the previous Swing Highs have not been retested. Hence, there is a possibility of a drop towards the 8.20 region.
RSI is already in the overbought territory. Don't think the buying momentum will sustain.
All in all, I am expecting a drop towards the bottom of the channel. The trendline may support the price between 6.5-6.7 region.
If the trendline does not support the price, then I will look out for the price between the 5.5ish region.
I have marked the levels at which I will enter the trade. It's just a waiting game now.
*Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators.
Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
BALKRISIND - Weakness in the chart below 1630Hi Folks,
BALKRISIND looks bearish in a higher time frame. In above chart already Action Zones are marked. Good short position can be built below 1630.
I hope you will benefit from this knowledge
-MetaVish
Larsen Toubro - Upside potential till 1450-1550+Larsen & Toubro already breached from old channel and entered into a new channel. If breach 1250-1280, then can move out of the channel and touch 1400,1440,1520,1565+
A possible BreakOut in IOCDouble bottom formation in IOC giving a strong signal of possible breakout. If breakout happens it can give some good long position.
MCX Bulldex Failed to Break resistance going below 15000 againMcx Bulldex Failed to break major resistance! Possible down side upto 14750
Sl and Target explaine in the chart
Trade with your own risk
Happy trading to all
Long - BPCL - Parallel channel within the Parallel channelHi Folks,
BPCL daily chart has two patterns inside a big pattern. Inside big parallel channel, there is a smaller parallel channel near breakout point. And also, there is a Cup and handle pattern not the clean one, but it is there.
Looks good for long
Enter only if it breaks 405 or 415 level
Strict stop loss of 371
I hope you will benefit from this knowledge
-MetaVish
SilverMIC May drop.Last time i gave 1h Timeframe. It broken the sl and went higher.This time i came up with 4h time frame.No indicator used.just support and resistance and trendline. Education purpose only.you can take trade if you think it is sell.good luck all.
