Adani Ports has closed at a crucial level and the support zone around 775.
On the weekly charts, the stock has closed below 20 ema and near 61.8% Fibonnaci level.
There is a bearish moving average cross over on the daily time frame and has formed a gravestone doji.
3 points confirmation.
a. Bearish cross over (daily charts).
b. Close below 61.8% fib level.
c....
Hello guys here I am sharing the daily chart of Bajaj Finserv (THE GIANT) for why it falling down massively and giving one by one negative breakdowns on chart, So we can see after making a all time high touched to it's 20 day EMA taking support but gives a breakdown as closed below and started consolidation and taking support on 50 Day EMA but at the end gives...
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Banknifty has formed an engulfing candle on closed 90 points lower taking support around 42650 levels.
On the hourly time frame, the market took support from 20 ema and closed near previous day low. The market has closed above both the moving averages.
The market is in consolidation cycle and option buying opporunities are less. Let the market decide the trend...
As you can see from the chart COALINDIA is at its support of 210-205 range.
and the red line is 200 EMA @Daily TF, and the blue line is 50 EMA @Weekly TF.
The RSI indicator is also in oversold territory .
It might be a good long opportunity.
Entry - 210
Target - At least twice of the risk. (234)
SL - 198
**Do your own research before taking any trades**
Nifty has taken a halt and closed flat giving a bearish candle. The market touched 18200 levels and took support from 18080 levels.
On the hourly charts, the market seemed in confusion and closed near both the moving averages.
The market is in consolidation. Gap ups are taking away trading opporunities and the sellers are making money in this zone.
On 15...
NESTELINDIA
NESTELINDIA Result is coming soon . price take support @ 200 ema , ab=cd harmonic pattern
BUY NESTELINDIA @19450
ADD MORE 19020
CLOSING STOPLOSS BELOW 18920
TARGETS 20050-20736-21103
BOLO JAI GAJANAND
NIFTY ON 10-01-2023
The global volatility was well reflected by Indian Markets during today’s session.
Opened flat Index again moved unidirectionally like yesterday. The only difference was that the direction was southward.
Index fell to retest 17800 during Intraday which is the sacrosanct level for Nifty as any violation of this level on closing basis, may drag...
BERGER PAINTS FORMED a symmetrical triangle pattern in weekly time frame and ready for breakout from supply zone. take entry after berger paints closes above the price of 615 in weekly time frame. we are waiting for 18-20% return.
Asian Paints
CMP 3158
63 day EMA is at 3179
21 day EMA at 3158
Stock is struggling to sustain above 63 day EMA
Given the set up one may consider to sell Asian Paints Dec expiry 3200 Call option currently around 52
SL / Exit if closing in Spot is above 3226
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal...
EMA 20, EMA 50, EMA 200 Provide us market direction whare should we enter and exit
Rsi indicated over shold or over buying signal
Finally PCR value indicate following below data
1 if market up and PCR above 1.20
The January session in over and we into February session. On the monthly expiry market gave nice momentum.
The index closed nearly 225 points lower giving nice trending market and forming a bearish flag and pole pattern on hourly chart.
During the first half, the market gave nice opporunity. Closing below 18k levels and consolidated thereafter.
There is a...
