Levels
BankNifty - 11 June 2021Hi everyone, out of my many ideas this one is interesting, smaller time frame shows bearish short term, but overall bullish momentum can be analyzed.
The arrows on the chart show Intraday movements. The levels are accurate and tested multiple times. Hence, adjusted with precision and correct prices.
Trade Wisely and Smartly
BHEL LONGI previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE.
And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!
LEVELS: (Based on weekly charts
ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119
STOP LOSS: 73
TRAIL STOP LOSS
I would recommend going long on BHEL with above levels ONLY
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
Irfc Short term holdIRFC looking good on daily timeframe, if w manage to hold the mentioned level i.e 23.15, we can also buy at red markers once it starts to move up after testing the marked level
Short term target can be up to life time high which is 26.7.
Hold Duration 2-2.5 months
Entry Price -23.15-23.40
SL- 22.5
TP-26.7
ROI~15%
XRP on triangle formation.Bitcoin falling - Ethereum Falling.
However the fall across the crypto board is not that visible on the XRP (and quite a few others).
Is it the intrinsic fundamental of the use of XRP that's holding it?
Is XRP trying to touch the previous fame of $3?
Is XRP waiting for a fall or waiting to rocket up?
The simple formation of the triangle (with both edges having similar slopes) is also creating a confusion nad the this state is narrowing, as seen on a day's chart.
Ichimoku says: Price is above all lines and above the cloud (bullish nature), lagging span is just above price, just holded by Tenken Sen - around 1.5 (trying to break to move into bullish territory). However, there is a twist nearby, which can easily give the market the bearish sentiment.
The breakout can be either side, but only if supported by heavy volume, which is decreasing as of now. A tight spread between 1.6 and 1.3 is what XRP is facing for now. But beyond this level, with confirmed outbreak (atleast a sharp breakout with high volume and closing above or below this level, rally is expected.
Bullish is what it seems, or atleast what it is hoped!
Happy trading!
BALKRISHNA INDUSTRIESBalkrishna industries 2101 level make or break level. if break this then buy above 2105 for intraday. for swing not now. when it wil give retracement the after retest we can buy for swing. don't worry time to time i will update you. just keep following.
IF this go down then u can short for intraday.