Buy Birlasoft above 346Buy Birlasoft above 346 Target 1 = 355, Target 2 = 365 SL = 339.5. Reason for trade, Stock is in good up move have given pullback and now again ready to move up. Also RSI amd Moving averages are strong.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Intradaytrading
Sell Chambal Fertiliser below 272Sell Chambal Fertiliser below 272 target 267, 261. Reason for Sell, Stock is in downtrend and has halted for some time between 280 to 273 range breakdown of 272 can give target of 267 and 261. It's safe to book profits at 267 levels.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Short Astral below 1947Short Astral Ltd. below 1947, Target 1 = 1923, Target 2 = 1899. Reason for trade Price is consolidating between 1960 -2020 and is trading near the lower range. Every buying is getting sold at top. Once price sustains below 1947 it can go down.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
Buy IGL above 470Buy IGL above 470 for target of 479. Reason for trade, Trendline breakout and RSI divergence. Also "W" pattern formed on daily time frame.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Glenmark Pharma short below 633Short Glenmark pharma below 633. Reason for short Trade, Stock is trading in consolidation for 4 days Breakdown of this consolidation zone can give good move till 615.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
M&M Sell below 1363, Target 1349
M&M Sell below 1363, Target 1349, if breaks 5th June candle low with big volumes then we can see 1318 and 1303. Reason for Trade M pattern formed on Daily Time frame also RSI is looking weak.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Sell BajajFinance below 1782Sell Bajaj Finance below 1782. Reason for Sell, Divergence in RSI. Also Body of Bearish candle of 14th June covering previous day Bullish candle.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Siemens India - Intraday Trade Levels || 22nd March, 2023 Analysis Criteria Used:
1. Please find the Chart Analysis done for the 22nd March, 2023
2. The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Banknifty - has not move from last 6 daysFrom the last six days bank nifty has given closing near the 41500 level and in price action theory price can not remain the same for a longer period of time it has to move either upside or downside.
And that trending move bank nifty can give us on Monday either up or down, most probably it will be on the upside as bank nifty is still bullish.
So our analysis will be if it breaks the previous day's high (PDH) i.e 41680 we can easily get the target of 42000 as there is no resistance.
If in case it breaks the previous day's low (PDL) i.e 41430 our targets will be 41290 and 41110 levels.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Trend Analysis and its Characteristics.MCX:GOLD1!
What is Trend and how to identify it?
A trend is the overall direction of a market or an asset's price.
an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows.
->One can identify it by determining peaks and troughs.
->By using trendlines
->Price remaining above or below an overlay indicator.
we can quickly identify the general direction of a market or an asset by looking at the price chart but what we have to learn is to identify the quality of the current trend and how we can do that, by gauging the strength of the trend.
Here are some significant points which help us in understanding the mood and quality of a trend.
The highest skill any trader can aspire to is the ability to read pure price action.
1. Cycle Amplitude
Look for decreasing cycle amplitude in uptrends and downtrends.
A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend.
In a similar fashion, a decrease in cycle amplitude in a downtrend is regarded as a bullish indication.
2. Cycle Period
A gradual reduction in the cycle period during an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend and a gradual reduction in the cycle period during the downtrend is a bullish indication.
3.Average Bar Range
A decrease in the average bar range in an uptrend and downtrend is an early indication of potential weakness in the current trend.
-> you can track the bar range using the average true range (ATR) oscillator
4.Bar Retracement Symmetry
A change in the number of bars in a retracement is also an early indication of a potential change in trend behaviour.
5. Average Candlestick Real Body to Range Ratio
A gradual decrease in the real body to candlestick range is also an early indication of potential weakness in a Trend.
6. Angular Symmetry and Momentum
Any change in the Angle of trend is significant:-
i.) An upside acceleration in price is bullish whereas an upside deceleration in price is bearish
ii.) A downside acceleration in price is bearish whereas a downside deceleration in price is bullish.
#It should be noted that although an upside acceleration in price is bullish, the uptrend may not be self‐sustaining if the rate of ascent was excessive. Such rapid increases in price usually end in a blow-off or buying climax with prices subsequently collapsing. Similarly, downside acceleration in prices may also end in a selling climax.
7. Frequency and Depth of Trend-Based Oscillations
When a trend moves with reasonable retracements not too short and not too big, it indicates a healthy trend which has profit taking along the way as the trend unfolds.
Traders and investors tend not to react as emotionally and irrationally at higher prices where the risk of losing pent‐up and unrealized profit is greater.
8.Relative Measure of Consolidation Size and Duration
Trend interruptions are more significant if:
■ Price formations are of greater magnitude (taller chart patterns).
■ Price formations develop over a longer period (wider chart patterns).
Larger trend interruptions normally tend to lead to a greater probability of a reversal. In a strong uptrend, a larger head and shoulders formation would be deemed more bearish than a smaller formation. Similarly, a larger rounding bottom formation would be more bullish than a smaller one in a downtrend.
In short, size takes precedence over form. Moreover, the longer it takes for a consolidation to unfold, the greater will be its disruptive power with respect to the trend, should a reversal occur.
By considering these characteristics while analysing trend will give a in depth insight and helps in making more informed and rational decisions.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
TRIVENI TURBINE - DAY CHART - 07.01.2023 - BAHAVAN CAPITALTRIVENI TURBINE as per Day Chart Analysis Stock
ABOVE 256 TARGET 260
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...
MOREPEN LABORATORIES - DAY CHART - 24.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES posted on 22.12.2022 ABOVE 38.20 TARGET 40.20 and TARGET HIT on 23.12.2022 Stock made a high of 43.70 and closed at 42.65.
New Target for 26.12.2022
Stock ABOVE 44 TARGET 46.
Though DII been in selling spree but DII Buying had been highly to be noted
DATE FII DII
21.12.2022 1119.11 cr (Net Selling) 1757.37 cr (Net Buying)
22.12.2022 928.63 cr (Net Buying) 2206.59 cr (Net Buying)
23.12.2022 706.84 cr (Net Selling) 3398.98 cr (Net Buying)
Happy Profitable Trading to All.....