======= IN DAILY CHART NIFTY WILL RISE TO 9600 AROUND FOR THE COMPLETION OF ABCD PATTERN===== =======YESTERDAY PRICE REJECTION AT STRONG RESISTANCE LEVEL / FIB RETRACEMENT LEVEL OF 78.2% IN HOUR CHART==== ==== LEVEL MARKED===== ====INVESTMENT CAN GO LONG , INTRADAY TRADERS WAIT FOR LEVEL BREAK EITHER SIDE=====
5, Apr 2020 : It all depends upon how the chart reacts with the support line. Once it goes below the support line there is a good opportunity for shorting. If it bounces back then it is a clear indication to go for Long. The MACD indicator can be used along with this idea to confirm the price action. This is the setup for Monday. I will keep you guys posted on this.
Long Techm for pull back gains
Pharma stocks have seem new long positions as per FnO data. NiftyPharma index is also near breakout resistance. This is a very high probability bet with good RR. Levels mentioned in the chart.
====TREND LINE BREAKOUT IN DAY CHART AND HOUR ====
With great numbers published for Q1 deliveries and potential an online-only but still maintained battery day in April (20th) just before the Q1 earnings call, we could see the stock rise despite the global pandemic and impact on the market to close the 3 gaps up before going down again as Q2 numbers will be hugely impacted by the shutdown/lockdown. I dont think...
indusind bank positional long entry price 1128 , stop-loss 1017, target price 1598 NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Ashok Ley. bouncing from its 200 month MA. Will take long position after the month close.
Ambuja cement bouncing off from its monthly support. Going for LONG for the purpose of investing.
Asian paints giving another short opportunity, CP- 1596 TGT- 1430 SL- 1666 lets see whats happening.
Wipro is good with its fundamental and it is supporting the trendline from last 11 years. and you can also see price action(rejection) show a long opportunity .one can invest in it for 2 years from 2020 to 2022 with expected target of 330-370.
PURELY TECHNICAL Optimistic View - Nifty retraces to 7500 and rebounds back to current levels to complete a double bottom formation before breaking resistance @ 8900, in which case the target would be 10,000 (Max Call OI). This will become the next crucial resistance level. Pessimistic View - Nifty retraces to 7500, either stays within 7500-8900 level or breaks...
Grasim is at strong support currently. Keep it on Radar for 400 - 410 - 425 + Considering all global markets are positive today, incase if tomorrow opening is +ve , clearly bounce back is expected. However incase if falls from this level ... next support is at 347.