Primary Retracement. See it in more higher timeframe.
Their company portfolio has not seen ANY POSITIVE IMPACT from covid unlike other IT companies.
Number of marriages declined!
Number of the need of tour operator lessened.
I am expecting Nifty atleast to touch 11000. But due to expiry and upcoming results I "think" it will settle around 11500. Anyways, "My view" doesn't matter. If it triggers short, short it.
Sell 12100CE+ Buy 12300CE = Safe Bet
After facing multiple times of upisde price rejection @215 , Today we saw the upside breakout with huge volumes and sustainability.. still bulls are taking charge .. so we may see upside moment with small pullback.
closing price @221.75
Target @ 230 ,240 & 250
This content is purely is EDUCATIONAL purpose
The index has managed to respect its 50% retracement level (to ATH) @ 24365, led by substantial FII buying. The index had already broken beyond the long-term downward trend channel a few days back and is now trading in a rangebound upward trend channel. There is a high possibility of the index moving up further in the near-term where the DIIs will look to...
All levels are marked on the chart.
2115-2110 IS ACTING LIKE A GOOD RESISTANCE; SELL NEAR THAT LEVEL.
BUY NEAR 20 DAILY EMA INCASE THE PRICE IS NOT ABLE TO BREAK IT - BLACK LINE.
IN HIGHER TIME FRAME
DOUBLE TOP HAS FORMED
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
If you like the analysis, do leave a like and follow for...
ALL THE LEVELS ARE MARKED ON CHART
PRICE HAS FORMED THE HEAD & SHOULDER PATTERN IN HIGHER TIMEFRAME
BUT THERE HAS BEEN ALOT OF BUYING AROUND 2140-2150 LEVELS; IT CAN ACT AS A MAJOR SUPPORT AND WILL REQUIRE DECENT VOLUME TO BREAK THE LEVEL.
2200 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
The indicator used:
1) Daily Lines plots Daily 20...
Stock has given a clean breakout with heavy volumes from a perfect flag pattern at 580 levels. One can go long for first target of 608 and second target of 643 with a stoploss at 578. The company has posted a strong results for current quarter. This is only for learning purpose and not advice. Have a great tarde.
Maruti has been going upward since 22 Oct. 7200 will act as good resistance as per data.
We can expect a selloff in next couple of days.
Targets as mentioned on the chart.
Play safe & Happy trade.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
Intraday or BTST trade opportunity
On Long side
1. + RSI divergence
2. Trading in a channel
3. Probability of breaking out above the channel
4. Low risk, high reward — possible
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