ICICIGI Breakout failed..ICICIGI had big volume candle on 3rd Jan, if price starts trading below the 3rd Jan candle then we might see stop loss getting hit. Also volume profile showing 1241.70 is the maximum traded price for the 1 month consolidation zone. below this level we can see 1227, 1215 and 1187 levels.
Please note this is my view and is just for educational purpose. I am not SEBI registered advisor, kindly request you to consult your financial advisor before taking any trade.
Intradaytrade
Short BalramChini below 379Balrampur chini has taken multiple support on 379 level, also trading below the trendline. If this level gets break we can see good momentum till 364. Please note this idea is just for education purpose. I am not SEBI registered advisor. Kindly consult your financial advisor before taking trade.
NIFTY'S VIEW FOR 12 JAN Here is nifty 15 min chart , as you can see nifty is making beautiful price action
Nifty is trading in a range now , we can trade either side we get breakout or breakdown
take entry after the retest only as i marked on chart these levels have been testing , there are more probability to break ,
If nifty breaks 17850 level (support) we may see sharp selling toward the level of 17500
if nifty break 17980 level (resistance) plan your trade till 18100 level
Major trend will be Bearish until we breach the level of 18250
BankBaroda Sell below 181BankBaroda if starts trading below 181 then trendline breakout will get fail and we can short if price sustains below 181. Target 1 - 177, Target 2 - 173. Please note this is just my view and for education purpose. I am not SEBI registered Advisor. Kindly consult your financial advisor before taking trade.
Note:- 190 to 181 is NO TRADE Zone
Nifty trade setup for Jan 5 - IntradayNifty has formed Double Bottom and broken the neckline. Looking for a good sell opportunity.
If Nifty retraces, then we can look for shorting opportunites near 18130-18180.
Entry: 18130-18150
SL: Any closing above 18200 in 15 min
Target: 17900
Keep an eye on Nifty 18200 PE for this expiry.
SBILife buy above 1314SbiLife looks good to buy above 1314, it may form halt candle on 10th Jan and after that it can give up move. halt candle will be good for up move. Pls note I am not sebi registered advisor. This idea is just for education purpose. Please consult your financial advisor before taking trade.
BajajAuto Buy above 3650BajajAuto has given breakout of trendline on Daily Time frame. It has also consolidated for almost 1 month in rectangular box, breakout of price above this box will five target of 3695 and if closes above 3710 then we can see next target of 3750. Please note this is just my view, I am not SEBI registered advisor, please consult your financial advisor before taking trade.
GATI - DAY CHART - 07.01.2023 - BAHAVAN CAPITALGATI as per Day Chart Analysis Stock
ABOVE 165 TARGET 168
Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr.
Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle.
So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc...
Happy Weekend...
MEDICO REMEDIES - DAY CHART - 07.01.2023 - BAHAVAN CAPITALMEDICO REMEDIES as per Day Chart Analysis Stock
ABOVE 340 TARGET 345
Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr.
Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle.
So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc...
Happy Weekend...
ULTRACAB (INDIA) - DAY CHART - 07.01.2023 - BAHAVAN CAPITALULTRACAB (INDIA) as per Day Chart Analysis Stock
ABOVE 30 TARGET 32
Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr.
Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle.
So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc...
Happy Weekend...
BharatForge Short Sell Bharat Forge Is good to sell below 858 , enter only when 15 min candle closes below 858. Reason for trade, have taken support multiple times near 858 level if breakdown happens can give good points also daily chart is looking bearish. Safe traders enter below 854 only. Target 1 = 845, Target 2 = 837. Pls note I am not SEBI certified financial advisor. This is just my view pls take advice from experienced and certified financial advisor before taking trade.
POWER FINANCE CORPORATION - DAY CHART - 05.01.2023POWER FINANCE CORPORATION as per Day Chart Analysis Stock
ABOVE 158 TARGET 162.
Today being an weekly expiry day, there had considerable sell off from FII by 1449.45 Cr and surprisingly DII was also a net seller by 194.09 Cr.
Nifty 50 has a good support at 17835 / 17771
Bank Nifty has a good support at 41951.
So lets see whether these support levels helps the nifty and bank nifty to bounce back.
Normally Friday is often considered to be a profit booking day and considering two days of sell off. There might be a brief consolidation at these support levels by tomorrow.
So lets see how this week ends... Happy Profitable Trading to all...
KARNATAKA BANK - DAY CHART - 28.12.2022 - BAHAVAN CAPITALKARNATAKA BANK as per Day Chart Analysis
ABOVE 152 TARGET 155
For the last four sessions FII had been selling and DII only in Marginal Buying.
Hence tomorrow being month end expiry trade safely....
Happy Profitable Trading to All.
Advance Happy New Year 2023 wishes to all....