Finnifty on the weekly charts has been consolidating in a narrow range, taking support around 19550 levels. On the weekly chart, market has closed below the 20 ema. It has closed below the closing range of 19800-19830. There is a nice support around the 19500 level as it has been tested thrice recently. It tried to recover after a gap down opening. It has...
NSE:BHARTIARTL formed Hammer on 9 ema and support area. Entry : 920.25 Target : 943.50 SL : 899 RR : 1.1
NSE:LAURUSLABS formed Hammer on support as well as on 200 ema. Entry : 394 Target : 427.25/411.5 SL : 378.5 RR : 0.85/1.1
NSE:FINPIPE formed Hammer and gave rejection on 50 ema and today it gave closing above it with above average volumes. Entry : 228.25 Target : 250/280 SL : 210 RR : 1.22
NSE:IDFCFIRSTB formed Hammer on on Daily TF taking support on 21 ema. The stock is above 21 ema from past 6 months, and it bounces from 21 ema as it touches it. Entry : 94.55 Target : 100.25/104.5 SL : 88.85 RR : 1/1.75
Weekend Pick 1: ColPal Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Strong Reserves vs almost debt free. FII holding increased significantly ! Technicals : Bullish Pennant Breakout after good consolidation. R 1: 2200 R 2: 2300 R 3: 2400++ SL : 1950
Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts. The market has been volatile and still confused in deciding the trend. It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening. Market has been consolidating in a range...
From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a...
In a falling market, an investor is benefitted the most by averaging at lower prices. However, emotions can ruin the decision making and the investor can end up losing the opportunity. The algo which i have written (link shared below) works best in a falling market as every candle it checks if the low is below previous low and then buys. So the average buying...
TCS is at a crucial trendline and can be a good risk taking zone for a Long Trade. The stock has support of trendline as well as the sloping 50 DMA. This confluence of support gives more confidence. Stop Loss: SL has to be a strong candle close below 3,450 Entry: Entries can be made after a show of strength on good volume Target: Previous swing high i.e. 3,660++
Cipla, the price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument. Short Trade Setup The breakdown of 1145 will open the lower levels of 1080 which is about 5% Also we have a...
After many weekly expiry this expiry was the one which was in favour of the option buyers. Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second. On the hourly charts, the market took resistance...
Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and...
Hdfcbank is at good accumlation zone for long term investment trading below 200 ema buying zone #support 1500-1600 #resistance 1750 breaking this resistance can lead to good upmove educational idea only
Nahar industry is about to break it's resistance of 150 on daily TF . Taking support from 20 dema and there is increased tightness in volatility . It can rise upto 200 level in few months.
The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone....
After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190. GMMA Indicator for Trend Signs: 1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend. 2. The degree and nature of separation in the ...
Karurvysyabank is breaking h&s pattern #weekly chart presented WCB with good volume educational idea only