Technical Data - Negative (30m and 4h charts)
Intraday Chart
The price is far away from 20ema line. Both of them will try to touch each other by Time Wise Correction or Price Wise Correction.
So on intraday level a small recovery might be seen.
Swing Chart
On 4h chart the technical data shows the weakness in the chart. A new low of this swing can be tested this...
On Weekly TF Eicher motor has made inverted hammer candle and I am looking to initiate short trade below 3325. If Eicher open flat on Monday then will initiate short trade below 3325, if open gap up then will wait for rejection around 3370 and then initiate trade this will give great risk reward. If open gap down then need to wait to take rejection around 3325...
Resistance level:18681.30
Support level : 18541.80
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles...
BankNifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bearish Reversal
Expecting BankNifty to Open Flat / Small Gap down as Global indices are trading mixed - so it may open around BUY Reversal zone / Inside CPR, any breakout above CPR we can look for BUY opportunity for PDH and SELL Reversal levels.
If any weakness and...
INTRADAY SHORT OPPORTUNITY. - BIOCON
- After a parabolic move a doji and a red Candle at major resistance. With a Divergence in shorter time frame.
Good Shorting opportunity.
Please share your views in Comments.
THANKYOU.
Intraday Trade in Sail.
- Falling wedge pattern with major support.
- Divergence at lower timeframe indicates breakout.
- For safer side take the entry after Breakkout.
- Aggressive trader take trade at conversion point also as there is 2 confirmations(major support and Bullish divergence).
Thankyou.
As on 27 December (closing) Wipro Ltd. share is at very important Level. It is making a pattern of upward triangle with fix Resistance level of ₹700-702 in 15min chart pattern. For Intraday, If Wipro share Price gives closing above ₹703 It can be great Opportunity to buy with Target 1 of ₹715 and next Target of ₹725 or Take Pivot as Target. And For Swing Trade,...
PVR is moving in a channel on a 30m, 1hr & 2hr timeframe.
It gave and breakdown of channel but then moved up back into the channel with momentum.
Inverted H&S pattern can be seen on place of breakdown.
Buy if you see a momentum.
Targets mentioned in the chart above as horizontal line on the right.
good buying opportunity in icici bank
it is near support and making a very good risk reward ratio for trading on both long and short side.
if banknifty is negative then it is goin to fill gap and is perfect for short trade.
using market volatility, this can be very fruitful trade.
comment for any queries or help(suggestion) on any active trade.
After the breakout of the previous resistance, TATA MOTORS retraced and came back to those levels. And these are acting as a support for TATA MOTORS.
so any bullishness can give us a good target UPSIDE.
comment down below your thoughts.
