This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
IF YOU DID NOT SAW MY LAST POST PLEASE GO AND CHECK THAT BTC DUMPED 1500$ AND I POSTED A SHORT CALL THERE BEFORE DUMP I SHOWED BEARISH DIVERGENCE THERE IN 4H CHART AND THAT WORKED AS I SAID WE SAW A BIG DUMP FROM 12K$ .... NOW IN THIS CHART I AM A BIT BULLISH AND LOOKING FOR SOME LONGS NEAR 11K$ AS THE CORRECTION LOOKS OVER AND WE CAN EXPECT A GOOD SUPPORT NEAR...
Looking bullish after getting good support at lower trend line. Volume of green candles are relatively higher than those of red candles' volume, hence showing bullishness. 106.4 acting as a good resistance. Ensure this point is broken with good volumes. Entry 107.8 Target 118 Stop-loss at 102.30
Might run for gap filling + previous support (target).
NEW TO SWING TRADING. THIS IS MY VIEW ON WELLSPUN
Godrej Properties showing breakout after consolidation with strong volume from it's support level 200 period EMA. Higher possibilities for further up moves if supported by the market.
Most chances are it will blast and give BO , but keep ur risk in control
IF NIFTY MADE :- 11156 + THEN UPISDE MOVE OR 11050 + THEN DOWNSIDE MOVE If broke 11070 support (Trend-line) we may see a HUGE downfall, But looks like the price will take a rest, at support line and will bounce back towards the resistance.
Chart Pattern: Ascending Triangle.
Only gives a buying opportunity if Breaks resistance an reaches @ 1454 Or else might expirence a downside momentum!
Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock...
It broke the resistance but as seen in the chart it has again retraced and that signals a very bullish momentum. Only buy on rising @ 729 With a stop loss if 718
Tata steel has shown a good signal broke the resistance and retraced on the support now its time to long only and only buy above 377*** With a Stop loss of 370***
Let us keep it simple today. The stock took support from the lower trend line and sustaining for a long time. Go Long above 400 for target 425/430. Have a trendline as stop loss. Trade safe!!
The zone of 2270-2320 is strong resistance zone for this share. The stock is moving strong till now but this resistance can halt it's run. The resistance is tested recently so much so by the stock that it becomes a self fulfilling prophecy. However, this time looks different. The Nifty IT is only sector which has posted good results as a sector in this pandemic...