NSE:CUMMINSIND I am posting it, on request from one of the follower. Observations: 1)On Weekly Time frame: We can see that now 1000 level is very very critical level. And on the upper side it has a resistance Zone: 1045 to 1065. And in coming days if it takes support from it and breakout 1045-1065 reistance range then it will start upmove again. If it...
NSE:BHEL Observations: 1)On Daily Time frame: It has faced resistance from 50DMA. And stuck between 21DMA and 50DMA. It closed just above critcal support zone now. critical support zone is 55.50-56.50. There are two possibilities. a) It has to bounce back from current level to go bullish again. or b) If it breaks down 55.50 level then it will be bearish....
NSE:COLPAL Observations: 1)On Daily Time frame: After breaking rounding bottom pattern, we can see that it has been trading and keep on taking support from neckline and critical zone of 1710-1720. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the...
NSE:RELIANCE Observations: 1)On Daily Time frame: we can see that the retracement is over now and today it gave good bullish candle as a reversal. Now it will go continue it's bullish trend. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 17-09-2021: 1) Don't Jump in to trade at the beginning...
NSE:NTPC Observations: 1)On 1 hr time Frame: It has been trading in the parallel channel. Sustainable breakout from this channel will give upmove atleast till 117.50 easily. Please refer below chart : 1 hr time frame. 2)On Daily Time frame: It has crossed above 21DMA and previously it has reversed from 100DMA. 21 DMA is placed at 115.44 level. If it...
NSE:CIPLA Trade Setup for Date 15-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer...
NSE:BHEL Observations: 1) On Daily Time Frame, we can see that it is failing to close above 56 level. Which is a critical resistance Zone. Also it has taken good reversal from 200DMA and now it is trading in between 21DMA and 50DMA. Please refer below chart : Daily time frame. 2)On 1hr Time Frame: It has been trading in Ascending channel pattern. ...
NSE:AARTIIND Observations: 1)On 1hr Time Frame: It has given a breakout of Triangle pattern but it has a followup red candle. Only good thing about it is that the followup red candle already took support from the triangle resistance line. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for Date 14-09-2021:...
NSE:ABFRL Observations: 1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support. This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228. Please refer below chart : Daily time frame. 2) On 15min time...
NSE:DIXON Observations: 1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle. Please refer below chart : Daily time frame. Today volume also increased compare to yesterday and it was above "21Volume Moving Averange (21VMA)". Please refer below image. 2)...
NSE:PETRONET I am selecting PETRONET again for 07-09-2021. Observations: 1)On 15min Time frame today we can see that it has broken out from the parallel channel and also closed above 230 level. Tomorrow if it sustain above 230 level then we can see a good upmove. Please refer below chart : 15min time frame. 2)On Daily Time frame we can see that after...
NSE:AARTIIND Observations: 1) On 1 hr Time frame, if you can see that it has been taking support from 900-901 level and making lower highs. And it is forming descending triangle pattern. Please refer below chart : 1 hr time frame. 2)On Daily Time frame you can see that 900 level range was earlier working as resistance and now it has been working as...
NSE:COLPAL Observations: 1)On Daily Time frame In past days it has already broken 21DMA and 50DMA and trading above it. Recently it is now in the critical zone of 1720-1730 level range. In order to be it more bullish it has to surpass the immediate resistance of 1740 level with strong bullish candle. Please refer below chart : Daily time frame. ...
NSE:PETRONET Observations: 1) On Daily Time frame, if you can see that level 230 is working as critical level since long time. It was working as both support and resistance since long long time. Please refer below chart : Daily time frame. 2)Also, on Daily Time frame you can see that it has closed above 100DMA but still below 200DMA. One good thing is...
NSE:HCLTECH Trade Setup for Date 03-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. ...
NSE:IBULHSGFIN Observations: 1) On Daily Time frame you can see that it is forming rounding bottom and it is near it's major resistance of 234 level range. On breakout of 234-235 level it will give good upmove. On other side breakdown of 230 level will give down move. Please refer below chart : Daily time frame. ------------------------------------- ...
NSE:UBL Observations: 1) On Daily time frame it took good support and reversal from 21DMA. And now it is in the critical range and it is to break it or leave it. Once it starts to stay and trade above 1475 level then it will be good for positional trade with 5% target. Please refer below chart : Daily time frame. 2) On 15 min time frame we can see...
NSE:MCX Observations: 1) On Daily time frame it is already trading below 200DMA. Please refer below chart : daily time frame. 2) On Daily time frame it has taken reversal from it's critical support 1455 level range and also closed above 400DMA. It shows the strength will come in stock to get bullish now. Please refer below chart : daily time frame. ...