tatapowertested resistance multiple times in hourly time frame if breaks targets should be 245 and 261
remember there is positive news in the market about tata power too...
trade according to your risk appetite I am not responsible for anything you gain or lose
only for educational purposes and not a buy or sell call, buy or sell on your risk.
Indianstocks
TATA MOTORS Consolidation TATA MOTORS after seeing a huge breakout from 350 levels has been consolidating between 480-510 for almost a month. The good news is that the stock has taken strong support and shown resilience at 475 levels any price below 475 is a buy zone as the stock has recovered quickly after dropping below 475.
Upside and Downside both capped. Until we see a strong closing above 515-520 levels we can expect further consolidation.
NIFTY 50 crucial levels for Monday!🛑 NIFTY is Closed below 21DMA
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900-17950
-with SL of 17850
- 18050 we can see as the target after breakout
- support level is at 17600-17570
-with the SL of 17650
- 17500 we can see as target after breakdown
Nifty 50 Short Term AnalysisThe index has broken the trendline support in daily candlestick chart, therefore it looks bearish for the short term. It may take support in the lower trendline and may bounce back. Nifty has strong support at around 17500. If Nifty Breaks the above said supports, It could lead to further Bearishness and correction.
SHRIRAM TRANSPORT FINANCE. RSI has given a b/o -- a leading indication of RSI -- Look for price to b/o in near future.
With Nifty showing weekly mean reversion, price b/o may not be likely this week or next week - but nothing is certain in the market.
My expectation -- a rectangular range might form in the hourly tf, look for its b/o.
NIFTY 50 crucial levels for Expiry day !-Currently NIFTY is trading above 21Day, 50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18251
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18300-18350
-with SL of 18260
- 18450 we can see as the target after breakout
- support level is at 18100-18050
-with the SL of 18130
- 17950 we can see as target after breakdown
MCX Crude OilCrude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow.
In a few days crude may give another signal either for long or short position.
We may soon see a trend reversal signal in crude oil. Stay connected with us for more updates.
NIFTY 50 crucial levels for Monday!
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18300-18350 (18200 level will be very crucial for up move here we can see ( option chain) fresh short positions were added in 18200 CE)
-with SL of 18270
- 18450 we can see as the target after breakout
- support level is at 18100 - 18050
-with the SL of 18120
- 17950 we can see as target after breakdown
Mothersumi Multi-Year BreakoutThis is one of the fundamentally strong company with consistent good returns.
The price is near the 2018 high and facing little resistance. With perfect risk: reward it can deliver minimum 25% returns in very short time. The price can move like Tata motors did.
MCX CRUDE OIL TRADING STRETAGYCrude oil is running in a channel.
Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500.
Do follow our stop loss stretagy.
BANKNIFTY Levels for Friday !🛑 Last 60 Mins Rally was trapped CALL options sellers both in NIFTY n BANKNIFTY
-Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 38800
🛑 keys Levels to watch out for day traders
- resistance is at 40100 - 40200
-with the stop loss of 40030 - 40000
- we can see target of 40500
- Support Levels is at 39500-39400
- with SL of 39500
- we can see Target of 39300
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BANKNIFTY Shorting Strikes 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 40500 CE and Short 39500 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 40200 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40500
if breakdown at 39800 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39500
i hope that it will help a lot ,
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have a nice day