Nifty close below 17635 makes bearish Outlook very strong. As this is 20 week ma levels and close below last week low is not good sign. If today nifty closes below last week low bears will dominate for 5-7 weeks. Waiting for Close
TCS strong support at 2950 can start accumlating now in small qty for LT fundamently strong stock educational idea
There are three +ve indicators (suggesting buy) 1. Price moved above 50DMA with good volume on 16th March 2. Price moved above 200DMA with good volume on 17th March. 3. Golden-Crossover (50DMA above 200DMA) on 21st March. However, the volumes are still lower than average and the price is stuck between 385-400 range, suggesting profit booking in this...
30 minute chart analysis of hleglas for educational purpose. The chart is self explanatory, marked as 1st option and 2nd option short term price movement going forward, also marked invalid zone. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please...
NIFTY50 trading area for next week can be 17650-18100 educational idea only
Tejas Networks Ltd. looks good for a short/medium term trade basis price action. Good support along the trendline and weekly closing above the 40MA. Price might see some tightness in the range between 640-679. Wait for price to close above 679. However, can see good momentum above 680 with initial target of 716. Based on further price action will need to...
GAEL giving breakout from C&H huge volume builtup with strong RSI trading above 200 ema educational idea only
Good support nr 200ma Target 22300 SL 20200 Also channel support can be confirmed
Polycab breaking out from F&P trading above 20 ema target can be 3100+ educational idea only
Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66...
Banknifty has given a nice up move even after the gap up opening and has closed above the trendline. The market has given a break out and the index has closed 500+ points forming a dragon fly doji. The market has consolidated and moved nicely in the second half of the trading session. On the hourly time frame, the first candle showed some positivity and after it...
Nifty has been respecting the previous low in the intraday moment and has formed a doji on the daily time frame. It has started trading and sustaining above the moving averages. The market has been trading in a range after a gap up. Wait for the market to cross below or above the previous day high or low and trade only once there is a break out or break down. On...
Double bottom chart pattern formation visible, with level of 720 acting as important support zone. Might see price consolidation zone between 907 and 1008, with momentum gaining ground once the level of 1010 is crossed. Currently, the structure looks good, with the price also above the 40 weekly moving average. However, always keep a stop loss of 5-8%. Note:...
Banknifty trading range can be 40400-41500 trading above 200ema educational idea only
BHARTIARTL | RSI + Trendline breakout - Potential for 10% Weekly Trendline support + 200 EMA support in daily time frame also CMP : 775 SL : 750 Target : 850 1:3 risk reward setup
UJJIVAN |Falling wedge /channel breakout - Has big room to rally CMP : 270 SL : 235 Target : 420, 500
NIFTY50 Trading range can be17300-17800 Breking 17800 will lead to 18000 educational idea