NSE:ANDHRAPAP looks lucrative in the chart. Reasons: A rounding bottom patten created over few monts. Good volume. Short term bullish trend Buy above 500, SL: 470, Target: 530.
Levels: Support: 41000, 40600, 40450, 39900 Resistance: 41400, The red uptrendline (whereever the price crosses) OI Data: Highest OI Call in Bank Nifty per OI data: 41300 Highest OI Put in Bank Nifty per IO data: 41000 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: 1. For any...
Levels: Support: 17730, 17675, 17650, 17600 Resistance: 17775-17810 (~17800), 17950, 18090 OI Data: Highest OI Call in Nifty per OI data: 17750 Highest OI Put in Nifty per OI data: 17700 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: 1. For any buy trade, follow the N pattern (let the...
Levels: Support: 41000, 40810, 40640, 40420 Resistance: 41375, 41630 OI Data: Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: 1. For any buy trade, follow the N pattern (let the price...
Levels : Support: 17675, 17600, 17520, 17420 Resistance: 17775-17810, 17950, 17950, 18090 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17850 Nearest Major Support in Nifty per OI data: 17650 Trade setup: 1. For any buy trade, follow the N pattern (let the...
This relatively less known stock NSE:GRAVITA is showing some pretty interesting breakout ready pattern. Reasons (Many ways you can view it) A head-and-shoulder pattern formation near-to-breakout Rounding Bottom formation completes since Feb'2022. Closed above a long-term resistance line around 380. Buy above 388, SL: 379.
Granules has created a 9 month long rounding bottom and followed by a nice consolidation. Perfect to take long. At the 9 months long resistance line retesting with moderate volume. The nice perfect rounding bottom is formed. The consolidation looks nice over a week. One can buy on the breakout of 360 with a SL of 340. Target: No idea :)
Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish. Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very...
Tomorrow, Tuesday, is FinNifty NSE:CNXFINANCE weekly expiry. So here are the trade levels. 18400-18500 is a congestion zone. Be careful. Wait for a breakout of either side with volume. Above 18500, can go up upto 18700. SL: 18400. Below 18400, can go down upto 18300, SL: 18500. Please note: FinNifty is highly volatile in Tuesday.
Levels: Support: 41040, 40810, 40640, 40400 Resistance: 41375, 41630 OI Data: Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: For gap up: Wait for the V shape...
Levels: Support: 17600, 17520, 17420 Resistance: 17675, 17795, 17950 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: For gapup, wait for V pattern (retest of 17780/17790). If...
NSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line ...
Support : 41040, 40810, 40640, 40414 Resistance : 41372, 41627
Support : 17600, 17520, 17420 Resistance : 17675, 17795, 17950
NSE:ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features: It is in an upward trending channel, shown as blue channel in the picture Current price-action is in the upper half of the upward channel. The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue...
NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up...
Route Mobile: Symmetrical triangle formation (shown as bold green and red lines) The current price is in consolidation zone (shown as the violet color rectangular box). So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320. Upside target can be 1480.
There are two ways one can see the NSE:LAURUSLABS counter: It has created a W pattern and the neck line is at 530-532 level. An inverted Head&Shoulder patten is created with neck at 510 level. So potentially if it stays above 532, can be go Long with the SL of today's Low 517. But if it fails to sustain above 530 level, it will simply fall upto 510 level.