Indianstocks
TATA COMMUNICATION: BREAKOUT TRADE NSE:TATACOMM
Long above - 1018
always trade with stoploss
for option I will use 1000 CE
keep learning
happy trading
SHORT TERM TRADE : L&T FINANCE HOLDING NSE:L_TFH
l&t fin holdings, wait for it to break the horizontal neckline.
the volume on breakout should be higher than average volume.
BAJAJ ELECTBajaj elect is on the verge of trend line break out, simultaneously horizontal resistance also lies there as donated is dotted line. Hence, good move may come above 1020 as double bottom is also done.
nifty monthly Analysis #WETRADEWAVEHere i am analysing nifty monthly chart waves . and nifty is on 5th wave . so we need a bigger correction before we start a Trend
Is Bank Nifty Near Its Base????If we ignore the anomaly prices appear to be near support...
Do you Agree???
Hero motor—Goldman Sachs stance (GS) Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees.
Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400.
Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to be prudent with your trades).
Assuming that Hero will settle at 2500 (or 2400) until further sales reports. If you wish to buy in cash market—in the long term, wait till 2300 spot price—or 2100 spot price (if you can wait patiently).
This is a very reasonable stance, and not one sided.
Semiconductor-supply issues will hurt production and sales, and Hero motor is yet to enter EV segment (hence, hero motor will lose market share over next few quarters).
INTRADAY CUM SWING PLAY - ICICI PRUDENTIALNSE:ICICIPRULI
ICICI has successfully broken its 10 month old trend line and now it is facing a horizontal resistance
entry will be above 570
I am expecting a 2 leg up trend before any consolidation or retracement.
it has completed the 1st leg up and retraced then started its 2nd leg which is half way so we try to monetize that.
USDINR terminal move - 400 pip downmove likelyUSDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the cards.
When weakness sets in, it can take the pair to 73.75 level. Moves on completion of ending diagonals are quick heads to the origination of the pattern.
Target area is indicated.
As always keep stop losses to protect capital
Larsen and Toubro Weekly ChartLarsen and Toubro chart has been moving along a upward trendline since Aug 2013 in weekly Chart. It did gone below the trendline in Mar 2020 and that too because of the market crash that happened in Mar 2020.
Manappuram Finance Buy Upside is 45%. Fundamentally strong stock, at its prime support level/ trendline. Good time to enter
SIMPLE PRICE ACTION IN DR REDDYS LABS.NSE:DRREDDY
Taking support at major up trendline.
A double bottom pattern is been forming in DR REDDY LABS, And at the Neckline zone, there is downtrend resistance 4480.
If the daily candle closes above 4480, enter at the high of the candle.
ITCITC is been moving within the trendline while making different supports since Feb 2020. It can be a good oppotunity to buy if it comes towards the lower trend.
On 3rd March, 2022 , ITC crossed EMA 200 and from 10 Mar EMA 20 crossed EMA 50, EMA 100 and EMA 200.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
UTTAM SUGAR MILLSPOTENTIAL BREAKOUT IN WEEKLY TIME FRAME
Buy above 312
Targets 332/340/375
STOPLOSS 265
NIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [18-05-2022]NSE:NIFTY
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
SUPPORT BROKEI cant tell exactly levels recent support was broken look for momentum and take entry on your own risk
AUROPHARMA looks weak imoWait until 600 levels broken and can take entry selling pressure can come really fast keep an eye
An unfolding bear marketIn search of the next bottom, we look for five-wave declines to complete. Prices have been falling inside a channel and a breakout would put us in the price territory of the previous ivth wave near 16404 to the gap zone near 16484. But what if we do not breakout and keep falling below 16000 we could see a free fall with multiple extensions on the downside. Sentiment is poor and markets look oversold but will that work?
Double bottom breakdown Good chances for 750 levels support to be tested can short with SL of 800
Keep trial SL tho
Do it at your own risk
Infy triangle patternInfosys may break both sides we need to good entry for good volume breakout
This is for educational purposes only...
BANKNIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [06-05-2022]NSE:BANKNIFTY1!
BankNifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
