ICICIBANK : cmp : 676.65
A cup & handle kind of pattern formed and BO done near 665.
Now trading near the ATH resistance zone of 680.
RSI trending up and big bullish candke has been formed.
If surpass and sustains above 680 lvl, a fresh buying move possible in the short term.
TGT may be 698/714
SL 659 clbs
Positional TGT 776
Positional Sl 638 clbs
Today will be gap down opening in banknifty. After opening possible it will move downside upto 34550 level. 34500 will act as an important downside support for today's session. More chances banknifty will take reversal from this support level. Upside 35000 will act as an immediate resistance. In case breakout of either support or resistance gives strong 400-500+...
". There is a possibility of temporary retracement to the suggested support line (32877.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Steel Authority of India Limited - Pennant pattern breakout + Hidden Bullish Divergence
Stoploss below the upper trendline
Target 1 @ 152, which is a key level
Target 2 @ 170, which is a key level
Target 3 @ 190, which is the price projection
Target 4 @ 205 which is a key level
Note: It has made a breakout last day and the price came back to the...
1. Stock has given breakout from descending triangle pattern,
2. RSI is above 50,
3. Fibonacci level of 0.382 (210.25) confluences with fixed range volume profile’s Point of Control Line (marked with red) which should act as 1st support from now onwards,
4. Moving averages indicating initiation of uptrend!
Considering above facts and the way stock has...
Target given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
ITC- CMP 212.4. It has made bowl formation and if breaks above 213.7 then it can go up to 225. On previous day it went up by around 2% with almost double volumes. Results are also not bad. It can be taken at current price of 212.4 with a sl of 205 on closing basis for a target of217, 220, 226, 234. RSI and MACD, volumes are favoring. This is for educational...
Nifty expected gap down opening around 15750 levels.
Key levels to watch out 15783, any good resistance confirmed around these we can expect nifty to fill the gap to 15660 levels.
Will prefer to go long only if 15785 is formed a good support.
NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
The Following Chart is of TCS, Which Shows Possible short term reversals and Possible Breakouts on the Stronger Resistance Level @3418 which itself is gonna be out 1st Target, If it breaks this level then expect a strong uptrend. Hold Long.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free...
TRADING WATCHLIST FOR W/B 26-07-21
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the script name. I will...