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Largecap

MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone. Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:MARUTILong
by Sanjan91
ADANI PORTS PRICE ACTION ANALYSIS. Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone. There are 2 scenarios here, 1. Go long if the price breaks out at the 762 level. 2. Go long near the demand zone, if the price gets rejected from the 762 level. This demand zone must give good support to the price. So, place your stop loss below this. All the levels and zones are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:ADANIPORTSLong
by Sanjan91
Reliance Industries tests the demand zone before the results dayReliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the zone, could even take out the ATH. Shark patterns often come when the corrections are sudden and deep, which is perfectly suited in this case. Maintain strict stoplosses though. Happy trading :) This is just for educational purposes.
NSE:RELIANCE
by Sanjan91
Swing Trading Opportunities for W/B 6-9-21TRADING WATCHLIST FOR W/B 6-9-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B 6-9-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS ADANI PORTS BAJAJ AUTO COAL INDIA HERO MOTO KOTAK BANK ONGC BANDHAN BANK IDFC FIRST BANK BOSCH ALEMBIC PHARMA DR REDDY AUROPHARMA CHALET DAAWAT GLENMARK HINDPETRO ICICIGI KSCL LIC HOUSING MRF OIL RAYMOND There are plenty of opportunities out there even after NIFTY hitting 17300+. So, please review your funds position, have a look at the indicator that fits you well and plan for investing / trading per your risk appetite. SECTORS LOOKING GOOD FOR LONG POSITIONS- AUTO BANK NIFTY COMMODITIES CPSE ENERGY GROWTH METALS MIDCAP50 MIDCAPLIQUID PHARMA PSE Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 5-9-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
ASIAN PAINTS PRICE ACTION ANALYSIS. Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support. Place your stop loss level below the demand zone 2. The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book your profits here and wait for the price action for a new position. All the levels and information is mentioned on the chart as well. Happy trading :) This is just for educational purposes. Trade responsibly with proper financial advice.
NSE:ASIANPAINTLong
by Sanjan91
4
Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position. Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside. This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets. Happy trading :) This is not investment advice, please consult your financial advisor before investing.
NSE:RELIANCE
by Sanjan91
2
HEG ready for a blast✔heg cmp 2195 add @2100 range 2370-90 acting as a good resistance. once it breaks the resistance, we can see a good ride in the stock. Why was it selected❓ 🔹expecting good growth in this company 🔹Technically looks good. 🔹Funda almost good. 🔹Good numbers. 🔹Company is almost debt free. 👉Entry possible,but it’s not a buy recommendation.Study well🙏 ABOUT THE COMPANY🍂 HEG Ltd is India’s leading graphite electrode manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes. It is the premier company of the LNJ Bhilwara group. Thank You.💚 Like🔹Comment🔹Support
NSE:HEG
by ANKITHSHAJU
10