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Narrow Range : Bank Nifty Analysis for 19th'FEBRecap : After a 2 days bullish run from 14 & 15 bank nifty was cooled down in a tight range between 46300 to 46500 on 16th FEB'24 Also some profit booking was done after 1pm at strong resistance 46500 also happens to be round number. lastly BN stalled at 46300. Insights for tomorrow: BN Ranging at resistance on daily time frame previously touched twice and gave big bearish moves already BN was weak on 16th after 1PM. Forming Bearish wick reversal candle on hourly time frame at 2.15pm candle. Also profit booking can be seen by tomorrow Gap Up opening above 46600 can give us buying momentum to continue #Support : 46300-350,46100 #Resistance : 46600,46800-850 Note: Do your own analysis before making any trading decesion
NSE:BANKNIFTY
by Price_actiontaker14
DIVILAB : A MUCH AWAITED REVERSAL RISK REWARD UPTO 1:13.75Divi's Laboratories Limited is an India-based company, which is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients with predominance in exports. The stock is in downtrend since Oct 2021 and was moving in a channel. However , we saw channel break out on 13 April 2023 and we see that the level @ 3188.55 has supported the price thereafter and may proved to be next swing to the reversal trend. An opportunity to enter the trade as the risk reward ratio is high due to relatively small Stop Loss . ENTRY @ CMP i.e. 3207 , STOP LOSS @ 3046.20 TARGETS : 3911.80 , 4410.20 , 5420 RISK REWARD RATIO : 1:4.3 TO 1:13.75 We rarely get such opportunity with such a great Risk Reward Ratio. Worth taking this risk and certainly a trade opportunity not to be missed . Please remember that this study is only for education purpose , do your own analysis before trading. Good Luck !!!
NSE:DIVISLABLong
by chakraveer1104
NFL- Cup and handle breakout* NFL is still moving in a rectangle range since 2007. * Now it is showing strength and has given Cup and Handle breakout. * Also it is at the verge of breaking its long parallel trend. * Its immediate resistance is at 89. * It the resistance of 89 is broken in up side it may give the target of almost 130 at per Cup and handle breakout. * As per fundamental stock does not look sound as ROE is in negative, Reserve are constant but debt are increasing. ROCE is also not good. * But Company is expected to give a good quarter result. * Promotor holding is 75 % and DII holding is 13 %.
NSE:NFLLong
by amitcsf
Investors,... "Look at me", said PVR.PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger ) REMARKABLE points are the following: entertainment company the primary trend is an uptrend. up trend from 2013 to 2019 (in continuation) retracement support @903 nearby with 38.2% suppose, if you have seen 750 in price then fall will -64% fall from the top. -----> Previous resistances and supports are following Rs. 622 Rs. 750 Rs. 878 The main reason for the fall is Shut Dow n in India. The quarterly result will be down(-ve) in profit because of the only shutdown. The shutdown will release as per declared date 14 April 2020. Conclusion: if shutdown will not extend , the stock will fire and the easy target will 1068 and 1268 . above 1345 stock can be bullish control. Example of trade_setup(buy-in steps) : Trade 1) -: Buy at @ 880 nearby Trade 2) -: Buy 750 nearby This is only an investment strategy and for only investors. Hold this position for 2months or 6mon ths. (Hit: best buying after 9 APRIL 2020 suggestion)
PLong
by Trade-Technique
88