Another gap up opening of Index and highly volatile session, Index has made days high that is 22516 level, there was profit booking in last hours of trading.
Third green body shaven bottom candle is formed on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Formation of last three candles are higher highs...
Second winning strike of bulls and took control over market and made days high that is 22180 level.
Nifty has formed big green body candle with upper and lower shadow.
Candle is taking support of 50 days Moving Average line.
Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level.
Today’s...
Gap up opening of Nifty with Positive note and made days high that is 22080.
Into second half bears were back into action and took Nifty down to the low of the day that is 21941 level.
Index has formed small green body candle with upper and lower shadows.
Nifty has taken support of 50 days Simple Moving Average line on daily chart.
Nifty is able to hold...
Breakout in BPCL @398.00 Weekly Chart basis.
:: Data Point ::
Breakout Level: @398.00
1st Target: @420.00
2nd Target: @470.00
Stoploss Level: @372.00
Note: BPCL traded above 200 EMA as well as Good Volume showing its Breakout poteintiality.
CENTRAL BANK OF INDIA DAILY BREAKOUT
:: Data Point ::
Breakout Lavel @33.00
1st Target Level @36.00 (April 2019 Resistance)
2nd Target Level @40.00 (Last year High)
Stoploss Level @29.50 (Swing Low)
This is a CUP & HANDLE Pattern. If its sustain above @33.00 then go for LONG.
Bank Nifty Trading in a narrow range in coming few days we can expect a breakout/breakdown.
BNF is at a Important Support Level including 200 EMA Support as well, if it breaks we can expect a sharp down-move after a retest at the support levels.
We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies
that are engaged in business related to gold & silver are going to buzz.
Let's have a detailed overview of the stock in prominent timeframes.
Daily Timeframe: -
Goldiam has shown a breakout from a right-angled broadening wedge pattern which
was under construction for...
Havells has broken out of a flag with pattern after taking support from the 50ema, Although markets are bearish right now, nifty rests on its 200ema and we may see a bounce back throughout these bearish days where most stocks broke structure and fell sharply, havells maintained and consolidated on
its moving average showing strength
Target: Flags High
Auropharm has formed a beautiful cup with handle and has given a breakout on above average volume.
Giving a valid shakedown by the handle as the volume dries up and a sudden break of th 50EMA and handle top shows bullish pressure for a long trade.
Target 1 being the 200EMA and T2 at 692 at the highs.
Stop loss near the minor swing low
Keep It Simple
Acrysil has been under a resistance zone for 70+ days and has formed a beautiful triangle patternwith support of the 50EMA. High volume cue has
been given and a break above the resistance and the 200EMA provides a possibility for a long trade.
3 targets
T1 should hit in a short span while T3 may take a
few months with pullbacks.
Stop loss below the 50EMA...
Nifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bullish Continuation
Expecting Nifty to Open Flat / Small Gap up between CPR and Sell Reversal zone, wait for pull back to test CPR then we can go long for Targets 16253 & 16278 and above
Any breakout below CPR, nifty will go down to test PDL & Virgin CPR level...
Nifty Intraday Levels...
Trend : Bullish
Sentiment : Negative
Expectation : Bearish Continuation
Expecting Nifty to Open Flat / Small Gap up around CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Bear BO and WPP
Any breakout above R1 / Bull BO level, look for buying opportunity.
Refer the chart for detailed Intraday Support...
