BATA INDIA Important Level Analysis is only for educational purpose
As a trader, you have to trade in probabilities. There is never certainty in the markets. Only after Confirmation take the trade.
Avoid trading CE/PE, The option loses value As time moves closer to the expiry of the option.
It looks like it forms a triple top pattern formation which is a reversal pattern. On 16th july the stock opened gap up higher but then retraced back near to 15th july price. For sure market participants are indecisive in this stock. Trade cautiously near support and resistance levels drawn and place your targets and stop loss accordingly. The stock looks week but...
Facing a strong resistance at 1/3rd retracement level from march lows, the stock bounced back and started a small down trend. Place targets and stop loss using the support and resistance lines drawn.
The price broke above a resistance line with good volumes which is a good sign. The price inclined for a move to go into ichimoku cloud, so the technicals are with the buy signals. Place stop loss and targets according to support and resistance lines drawn.
The stock was moving sideways on 16th july, this means the market participants are being indecisive on this stock. Technical are giving a sell signal, price got below ichimoku cloud two days ago in a 30 minutes chart. Don't take long or short position for a very long time since the stock is moving sideways on weekly charts. Trade cautiously and have strict stop...
Take with the support and resistance line drawn here. and place you stop losses and targets according. Take a long position if the price gets a support and set your targets near next resistance and vice versa for short positions. Well the weekly chart has engulfed green candles of last three weeks with a big red candle, so the stock looks weak. Technicals are...
On 16th july bank nifty took support at 21238. After a doji appeared last week on weekly charts, this week's big red candle shows weakness, with one day left for trading this week. Lets find on 17th july if this was a small reversal or just a pullback to again reach to 1/3rd retracement level. Place your stop loss and targets according to support and resistance...
Intraday Reliance July Future Sell ~ 1845, Stop ~ 1865, Target ~ 1800, Lot Size ~ 505
This looks like a pullback from 2/3rd retracement level, so i has got a very crucial support at 1050 and it is also getting support from a trend line, can take long positions for a week. Wait for the bounce from 1050 level for taking a long position. Shorters trade cautiously, this is a strong stock with strong uptrend. Well this looks like a pullback to me but if...
Nifty Future Intraday Sell ~ 10682, Stop ~ 10730, Target ~ 10540
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Support and resistance lines are drawn, place stop loss and targets accordingly. The stock is looking very weak below 498.55, take long positions carefully.
If it breaks 621.5 go long with taking small targets, remember a strong resistance at 621.5. Sell very cautiously and use a very strict stop-loss. While there is a strong resistance at 621.5, the stock is looking strong because it retraced fully and broke the trend line upwards with high volume. Well their can be consolidation in the stock now, maybe a pullback...
Our support and resistance levels worked like a charm on 15th july. I think the market is weak, trade cautiously near support and resistance levels drawn here.