A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as...
HDFCLIFE gave a small base BO on daily time frame and now today we can observe a 21/50 EMA cross as well. Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows : 23rd Feb - 10 1st Mar - 14 7th Mar - 26 15th Mar - 33 Only con here that i can think of is that there...
Nifty has given a 2% fall in a week and closed above 22k levels after testing 21900 levels. It consolidated around the higher level and gave a fall, there is a probability of it continuing the fall. If there is a gap down opening and a retest of the current support level of 21900, a bearish trade can be initiated after a negative price action around it. In...
BUY HDFCAMC Entry - 3780 Target - 4180 Stoploss - 3580 Risk Reward Ratio - 1:2
Nifty has given a break down of the parallel channel and has closed below the 22k levels after a gap up opening. Even 20 ema, on the daily chart, is breached and closing is much below it. Today, not the index even the stock has given bearish move. There were chance of a retest but from the morning nifty was in a bearish mood. It can given another red candle as...
COLPAL breaking flag pattern with good volume #target 2850 #sl 2500 or follow ur risk appetite EDUCATIONAL IDEA
#Tataconsum breaks the monthly resistance 🚀🔥 -CMP 1261 -volume rising -Ascending monthly cpr
Glenmark breaking h&s pattern with good volume and rsi #target 1200 EDUCATIONAL IDEA
NZDCAD Long off of a Daily Key Price Area. Expected hold time is a few days to a week. Expected RR is +2.5R. All confluences and entry conditions are on the chart.
The chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): LUPIN stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support, line 1 provided too slow as the uptrend accelerated....
USDCHF Short off of a daily key market area. Expected hold time is till the weekend. Expected RR is +2.5R/3.5R. All confluences and entry conditions are on the chart.
It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and...
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone...
Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow. Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels. If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the...
4th long trade off of the same weekly area we've been watching. EURUSD remains strongly bullish, the exact confluences are written on the chart.
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TVSmotors breaking f&p pattern good volume building up trading at ATH #target 2750 EDUCATIONAL IDEA
EURUSD Market Recap for 28 February 2024. Price is still bullish on the HTFs and we might be able to catch a buy soon.