Intradaytrader
Simple Trade Setup | MARICO | 07-02-2022 [INTRADAY]NSE:MARICO
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel and already took support from it.
On Friday it made good bullish candle and also closed just above 510 level.
Now immediate major resistance is at 520 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
PSP PROJECTS DAILY CHART ANALYSIS AS ON 27.01.2022PSP PROJECTS as per daily chart analysis Stock above 588 Target 594. Resistance at 595.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
SALONA COTSPIN AS ON 27.01.2022 TARGET ACHIEVED POSTED 26.01.2022 SALONA COTSPIN above 333 for a target 343 and on 27.01.2022 stock made a high 348 and closed at 314.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
SHARDA CROPCHEM AS ON 27.01.2022 TARGET ACHIEVEDposted 26.01.2022 for SHARDA CROPCHEM above 535 for a target 565 and 27.01.2022 stock made a high 577 and closed at 577.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
Reliance Industries Ltd. Buy or SaleCMP: 2477.85
Magic level
In reliance completed inverted Cup and Handle Target. Now wait for magic level.
Magic level above stock 2687 or index over all bullish
Magic level below stock 2687 or index over all bearish.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
ASPINWALL AND COMPANY DAILY CHART ANALYSIS AS ON 21.01.2022ASPINWALL AND COMPANY as per daily chart analysis stock above 196 for a target 202. Resistance at 204.
If Nifty falls below 17617 then the support is at 17366 level.
If Nifty moves above 17617 then the next resistance is at 17833.
According to me being " W " pattern completed on 21.01.2022 nifty forming a doji shows it is heading with a " M " pattern.
FII selling been continuing and its keeping the market weak.
Companies have started declaring DEC 2021 Quarterly results and we are also closer to the budget announcement.
The market will be Indecisive and Range Bound.
TRIVENI TURBINE AS ON 17.01.2022 TARGET ACHIEVEDposted 14.01.2022 TRIVENI TURBINE above 205 for a target 210 and on 17.01.2022 stock made a high 209.70 and closing at 204.50. AND on 18.01.2022 stock made a high of 212 and closing at 199. And also posted message on 14.01.2022 NIFTY has a strong resistance at 18340 / 18348 and only if it crosses and sustain its in the Bull hand. Today 18.01.2022 Nifty exactly could not break 18340 & 18348 and fell into bears hand. 19.01.2022 and 20.01.2022 could be bears paradise.
RAYMOND DAILY CHART ANALYSIS AS ON 17.01.2022 TARGET ACHIEVEDPOSTED 14.01.2022 RAYMOND above 693 for a target 700 and on 17.01.2022 stock made a high 793 and closed at 782. And also posted message on 14.01.2022 NIFTY has a strong resistance at 18340 / 18348 and only if it crosses and sustain its in the Bull hand. Today 18.01.2022 Nifty exactly could not break 18340 & 18348 and fell into bears hand. 19.01.2022 and 20.01.2022 could be bears paradise.
LAMBODHARA TEXTILE DAILY CHART ANALYSIS AS ON 14.01.2022LAMBODHARA TEXTILE as per daily chart analysis Stock Above 127 for a target 137. Resistance 141. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.
RAYMOND DAILY CHART ANALYSIS AS ON 14.01.2022RAYMOND as per daily chart analysis stock above 693 for a target 700. Resistance at 701. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.
SHREYAS SHIPPING & LOGIS DAILY CHART 14.01.2022 TARGET ACHIEVEDPOSTED ON 13.01.2022 SHREYAS SHIPPING & LOGISTICS above 267 for target 272 and on 14.01.2022 stock made a high 274 closing at 267. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.