Long-setup
KARURVYSYA : Sequence of Events - possible further upside Started observing from 18th, when closed at 47.30. (NR7 Breakout)
Entered the trade at 49.50 & still holding (58.7) - HIgh of 60+
18-07-2022: Today Crossed Weekly and Monthly Pivots Upside. On Daily/Weekly time frames Close is above 20 SMA, but on Monthly TF, below 20 SMA. Monthly trend is still -ve, but Weekly trend is changed to +ve. Today Close Crossed Daily SMA-13 Upside. Also Normal NR7 - Breakout
20-07-2022 : Volume is Monthly High. And Daily SMA-13 Crossed D SMA-55
21-07-2022 : Volume is 3-Months Highest. Close crossed 4 week High. On Monthly time frame, close crossed 20-SMA. Trend changed ot +ve on Monthly time also.
22-07-2022 : On Weekly time frame also Close crossed W SMA-13
26-07-2022: Today Volume is the highest in 6 Months. Price Crossed 50-SMA on Monthly time frame.
Very high on momentum and if sustains above 64.25 and breaks 67 - we can see further strong upside moveemnt.
My own understanding -- and this can go wrong (tukka). Please do your own analysis before investing.
SBI ABOUT TO BREAK RESISTANCE ZONE - CAN FLY AFTER BREAKOUTNSE:SBIN Has reached the breakout zone and now consolidating near breakout. It Can Fly from here if the Resistance is broken with good volume. You can add this for Swing Trade after Breakout, this is also Good for Investment Pick But i Advice you to add for Investment purpose on Dips currently it is on 52 High. If it wll face Pressure here and started downside momet then you can go short for 1st and @nd support Zone
AMARAJABAT: BUY IN CASH @ 755, SL 735 TGT 792AMARAJABAT is a buy on NSE (Only in Cash Market, Do not enter FNO).
Enter at 755
Stop loss at 735
Target of 792
ICICI Pruudential Life Insurance Trade setupICICI Pru life
CMP 370
Trend is down
but is near important Fibonacci retracement level
Buying can be considered above 372
or on dips towards 360
T1 378
T2 388
T3 401.5
When trade gets activated Keep a Stop loss Rs 6 below buy price
Take care & Safe trading...!!!
CESC VIEWCESC
CMP 1046
The stock will see demerger of shares and will be divided into 4 verticals in October viz:-
- power genreation
- power distribution
- retail
- others
Now coming back to charts
On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone
Immediate Support at 1023-1030
Stronger support at 996-1003 levels
Hope it helps to Plan your trade accordingly... :-)
Tc and safe trading...!!!