PPL PHARMA (1D TF) - Swing Trade Analysis given on 22nd Jan, 2024 Pattern: RECTANGLE BOX - Volume Spike at Resistance - Done ✓ - Breakout - In Progress - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #PPLPHARMA
Flag and pole breakout. We will wait for price to break above 925 before making a buy entry
MEDPLUS had an episodic pivot and gave a good retracement near its previous support and now is clearly respecting its 50 day moving average which is a clear indicator of strength in the scrip. Good opportunity to go long. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor...
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Levels: Support: 17775, 17675, 17500-17450 Resistance: 17850, 17950-18000, 18090, 18175 OI Data: ---------------------------------------------------------------------| Nifty => Price: 17854.05 ATM: 17850 , ITM: 17800, 17750, 17700 , OTM: 17900, 17950, 18000 ---------------------------------------------------------------------| Highest OI Call...
As per Ichimoku trading strategy NSE:ALLSEC achieved a T-K crossover in hourly chart. It's bullish because of: Price above the Ichimoku cloud TK Crossover Leading Span green, upward Lagging span above price and free Buy with a SL of 562 for a target of 590/600 (positional).
Levels: Support: 19200, 19065-19025 Resistance: 19330-19370, 19400, 19480-19500 Trade Setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 19350 | 19300 | 19400 | 19475 ----------------------------------------- SELL | < 19250 | 19300 | 19200 |...
Levels: Support: 43375, 43175, 43000, 42775 Resistance: 43650, 43850, 44000, 44150 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43413.75 ATM: 43400 , ITM: 43300, 43200, 43100 , OTM: 43500, 43600, 43700 ---------------------------------------------------------------------| Highest OI Call in...
Please have a look at the NSE:BAJAJHIND . It has such a Very Big Volume spike with the RSI is shooting the roof. And it is just crossed the big-time resistance with a marubozu candle (actually upper circuit in Friday). With a few months of holding it can double the investment.
In NSE:CNXPHARMA an Head and Shoulder pattern is seen. The current price of 12775 is the neckline. Trade : You can not trade in Nifty Pharma. But you can in PHARMABEES ETF. Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940 Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
NSE:DHANI shows A triple bottom formation Increased volume RSI is just recovered from oversold region. Trade: Buy: Above 47.50, SL: 44, T: 50/52 Sell: Below 42, SL: 45, T: 40/38
Levels: Support: 43525, 43400, 43250, 43080 Resistance: 43700, 43800 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43596.85 ATM: 43600 , ITM: 43500, 43400, 43300 , OTM: 43700, 43800, 43900 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per...
After an uptrend a bearish marubozu candle with bearish momentum is seen. Most likely it will be a bearish movement. In case of continuation of trend, giving both side trades as well: Trade: Buy above 80, SL: 77.50, T: 284/286 Sell below 77.50, SL: 80, T: 82/82
NSE:BIOCON made an M pattern. But looking at the volume and the momentum, it seems the more selling will happen. But if it bounces, then buy is also possible. So both sides trade: Trade: Buy above 280, SL: 276, T: 284/286 Sell below 272, SL: 276, T: 269/266
Levels: Support: 19200, 19160, 19080, 18975 Resistance: 19340, 19475. Trade Setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and...
Levels: Support: 18775, 18725, 18675, 18600 Resistance: 18880, 18960, 19000 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18812.5 ATM: 18800 , ITM: 18750, 18700, 18650 , OTM: 18850, 18900, 18950 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI...
Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43231 ATM: 43200 , ITM: 43100, 43000, 42900 , OTM: 43300, 43400, 43500 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty...
NSE:PCBL is showing the following bullish patterns: A rounding bottom formation (saucer pattern) The current price action is negotiating a long term resistance, about to breakout. Volume is double than the average volume for last two sessions The price is above the adaptive moving average and in uptrending Trade: Buy above 144, SL: 140, T: 147/152 ...