Banknifty has been trading in a range for last few trading session and has formed a dragon fly doji. The market has been forming a base for a trend reversal and can give nice bullish move tomorrow on monthly expiry. An inside candle has been formed. Bullish trades can be initiated once it starts trading above the previous day high. RSI is showing a bullish...
Nifty for last 3 trading session has been holding a support zone and closed almost flat. There are chances of a trend reversal and if it happens nice bullish momentum can be captured. Market has been consolidating in a narrow arrange and tomorrow being monthly expiry can give good trending market. In the second half, nifty remained in 50-60 points. A nice...
If you're looking for a potential short trade setup in Nifty, using price action analysis could be a useful approach. By analyzing the price movement on the charts, you can identify key levels and patterns that may indicate a potential trend reversal or pullback. One possible short trade setup could be to wait for a bearish candlestick pattern to form at a key...
BANKNIFTY trading range is 39000-40100 nifty bank got stuck in this range educational idea only
Auro Pharma looks attractive... Fundamentals : Strong, Fairly valued..Among Pharma Leaders, Consistent on Sales, Profits, EPS. High Reserves vs low debt.. Technicals : Broken Falling Wedge.. Weekly closing above 21 EMA, Good RR R1: 555 R2: 635 R3: 740 SL : 430
Hindustan Zinc looks attractive... Fundamentals : Strong, Leader into Metal sector consistent on Sales, Profits, EPS. High Reserves vs low debt.. Technicals : Taken Trend Line support with Multiple Hammer candles.. Weekly closing above 21 and 50 EMA. Good RR R1: 350 R2: 375 R3: 400 SL : 295
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...
NIFTY50 trading range for next week 16800-17200 nifty50 got stuck in given range educational idea only
Keep your eye on Coal India it is looking good. Currently, I am neutral. Today's candle has given a small trendline breakout.
SUNPHARMA taking good support at 200ema ready for upmove resistance at 985 after breaking 1000+ target educational idea only
On a daily chart, the stock recently reclaimed the 200 day EMA with volume and is hovering above it. Breakout above 2352 with initial resistance at 2416. Might see price consolidation in this zone. Watch for positive price action above 2416 with volume. 2260 - 2240 are important nearest support zone. However, do always keep a stop loss between 5-8%. Note:...
Fundamentals : Strong, Consistent growth Sales, Profits, EPS, Growing Reserves Vs Low Debt, FII holding increased significantly. High Dividends payout, showing strength in weak market! Technicals : Bullish, ATH, Broken C&H Pattern with good Vol, above MAs. R1: 1000 R2: 1100 R3: 1200 S: 765
my view its going to be positive within few hrs simple concepts works more than advance old is always gold
Trade Idea: Buy Long term if 200 DMA is broken with Bullish Candle and Good Volume. Entry: Let the candle close on 15th March.. Enter above Previous Day Candle High. Enter with less quantity 25% quantity. Add more as the stock trades above 200 DMA. Note: View gets invalid if a Bearish engulfing is seen on next day.
Buyers Defended this level -- 200. Can be considered as Double bottom. Entry @ 250 Stop Loss - 200 Target 1 - 350 Target 2 - 400
VOLTAS is at good buying level for mid to long term after breaking 200ema 920 will give upmove educational idea
Banknifty on the weekly time frame has given a nice lower wick rejection and formed a doji. Though the market are in the bearish move but the weekly candle is showing a short term positive momentum in the index. For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2%...
Nifty on the weekly time frame has given a lower wick rejection and closed above the 17000 levels. It has been trading below the 20 ema. There is a bearish moving averages cross over on the daily charts. There are chances of market retesting the moving averages and giving another sell leg. For the last 2 trading session the market has been forming dragon fly...