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INDIABULLS HOUSING FIN Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
ILong
by Rvkachhadiya
#BANKNIFTY completes an ending diagonal and can head southBanknifty's upmove from mid Jul (from ~ 32400) has been impulsive - either a wave 1 of a new bull market or wave C of X of an ongoing correction ( heading to 30000-32000 region) Whichever the case, the immediate direction is down if todays high of 40753 is intact. The ending diagonal is clear and should soon resolve to the downside. Expect an initial target move into the 38420 area. The structure of this downmove should indicate to us the next course of action. For now - look for new lows if today's high holds. Nifty should follow same direction
NSE:BANKNIFTY1!Short
by SolomonsView
BULLISH on ASAHIINDIANSE:ASAHIINDIA ASAHIINDIA has given a breakout and has made a 52 week high after 6 months of correction. The volume is also high on the breakout. The MACD has also given a bullish signal. The price is trading above the moving averages which shows bullishness. The RSI is also trading above 50 which shows good momentum. This view is for long term as the price is given all time high breakout. You can also invest in this stock and i will update when to exit. The SL level is around 550 levels. Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:ASAHIINDIALong
by Kunal-Battu
Ascending Triangle Pattern in ABB IndiaNSE:ABB This stock is the perfect example of the ascending triangle pattern. The upper trendline is a horizontal trendline and the lower trendline joins the higher lows. Then the stock breaks from the triangle with volume. The MACD was also bullish and RSI was above 50 showing good momentum. This Pattern is usually considered a bullish pattern. The stock then rallied after the breakout.\ Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:ABB
by Kunal-Battu
BEARISHNESS in JUSTDAIL (Positional)NSE:JUSTDIAL Justdial stock is looking bearish to me. The stock price has breakdown from the Trendline. This price is trading below the moving averages which shows bearishness. The MACD has given a bearish signal. The RSI is also below 50 which show weakness. This view is for 1 to 3 months. The SL Level for this stock is around 615 level, and the Target is around 495 levels. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:JUSTDIALShort
by Kunal-Battu
BEARISHNESS in KAVERI SEEDNSE:KSCL The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months. Disclaimer : This is my own view and analysis. This for educational purposes. This is not a recommendation, call or a tip.
NSE:KSCLShort
by Kunal-Battu
Expecting a downside in Grasim (Positional)NSE:GRASIM I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart. Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.
NSE:GRASIMShort
by Kunal-Battu
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months. Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.
NSE:ELGIEQUIPLong
by Kunal-Battu
BULLISH on SBINNSE:SBIN The prices have given the breakout from the flag pattern on the 4 hour charts. Previously the stock gave the breakout from a triangle pattern and after that now made a flag and gave a breakout. The prices are above the moving averages which shows bullishness. The MACD has turned bullish. The RSI is above 50 which shows good momentum. The view is for upto 2 months duration. The Target and SL is on the charts. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:SBINLong
by Kunal-Battu
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum. SL : 1948.20 Target 1 : 2456.40 Target 2 : 2625.80 Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
NSE:DEEPAKNTRLong
by Kunal-Battu
Redington: In Bulls gripRedington: 1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning. 2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick). 3. The current closing is a fews days of consolidation, breaks above 150 level decisively. 4. It's clearly in wave-3 (2nd impulsive wave) of Elliot Wave. Long can be done above 153 with a SL of 145, targets: 164/173/178. Even this can be hold for longer term, if one wishes so. It has a very low PE (PE of 8) with a good dividend yield and PB is at less than 2.
NSE:REDINGTONLong
by pradipandsuvra
BULLISH on PNCINFRANSE:PNCINFRA The price has given the breakout from the channel pattern. The MACD is also bullish. The RSI is above 50 which shows good momentum. The Price has crossed from 200 DMA, and also trading above the moving averages which shows bullishness. This view is for Short term Investment i.e. upto 1 year. The SL is around 245 levels and Target is around 375 and after this target is achieved, then i will update my position. Disclaimer : This is my own view and analysis. This is for educational analysis. This is not a recommendation, call or a tip.
NSE:PNCINFRALong
by Kunal-Battu
BULLISH on NCC (Investing)NSE:NCC I am finding NCC bullish for short term to medium term Investment purpose. On the weekly timeframe it has breakout from the trendline. The Price is above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 months to 1 year. The Target 1 is near 100 level, after that we will review what to go next. The SL level is near 58 level. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a Tip.
NSE:NCCLong
by Kunal-Battu