Apollo hospitals 15 mins Flag and pole Please refer to chart for the analysis .
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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.
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.
HDFCLIFE consolidating for a very good upmove.there is a breakout from 1d time frame. also retracement has happen along with consolidation. we can also see a inverted head and shoulders pattern along with bullish engulfing candle. so we have many indicators to go long. even fib target is 800 range.
TCS buy opportunity TCS has shown a strong support at 2600 and is going in a strong uptrend with a sideways support. Buy for a target of 2830
BankNifty DowntrendBankNifty is in Downtrend Movement for the Last 2 Days...
If it breaks the down trendline or Horizontal Line and closes below it, Then go for Short. otherwise, go for Long...
TRADE SETUP FOR OCTOBER 6, 2020 - BANK NIFTYNSE:BANKNIFTY
Note : Only for educational purpose, kindly do your own research before investing/trading or consult your financial advisor.
IGLTook breakout beautifully, buy in pullback or safe players buy above 405(Intraday).
Please do your analysis.
NIFTY range bound today | Check out how it can react on Monday.Nifty - Technical Analysis:
-Nifty closed 15 points, or 0.13 percent, up at 11,464.45.
-It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign
-FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period.
Market - Driving Factors:
-Top Index gainers: SBI (2.83%), TechM (1.76%), TCS (1.69%)
-Top Index losers: IndusInd Bank (1.68%), Power Grid (1.49%), Airtel (1.16%)
-While the market is not in a bubble zone, we note that global cues (US markets on correction mode) have started to turn negative and FIIs have turned sellers along with domestic MFs.
-All BSE indices except telecom and utlities end the day in the green
Nifty - Outlook for Monday, 14th September:
Investors need to be prepared for a minor correction or a side-ways market, going ahead. There are some pockets of value in small-caps, but one needs to be selective. We also need to keep an eye on the US equities and how it behaves today, any further selloff or tension in Indo-China border can lead to more selling pressure.
Have a great weekend!
#ICICIBANK #Elliotwave pathA clear W-X-Y correction seems complete, the downward trend should pickup speed now to new lows in the coming months
