DLF Multiple Line of resistance around 376 - 385 - 21 day EMA around 370 - 63 day EMA around 369 - 252 day EMA around 354 Given the set up one may consider a Short strangle strategy in DLF Sell DLF 400 Call option Sell DLF 340 Put option for October series Net receivable Rs 9.6 per strategy lot. Max profit potential Rs 15840 per strategy and gives a yield...
LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame. The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range. In the last trading session, the stock has given a 2% up move with nice volumes. The stock has formed a nice price action pattern. 3 points confirmation. 1. Break out of the...
Shree Cement has been consolidating in a narrow range for around 4 weeks. The stock has formed a bull trap on the daily time frame, giving a break out and getting back to the consolidation zone. It has been facing a rejection from 20 DMA and a bear flag is there. Moving averages on the hourly time frame are close and the stock can give either side break...
Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure. The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500. The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels. Even on the weekly chart analysis, the stock is trading...
Banknifty on the daily time frame has given a nice bearish engulfing candle, filling the gap created during muhurat trading. Market has given a nice up move during the last week and is taking a pause for another move. Index has seen a sell off from the initial hour and tried to regain some points. During the last trading hour the market fell around 300...
Nifty on the daily time frame has formed a bearish engulfing candle and the gap created on muhurat trading was filled perfectly. The market opened gap up and there was a sell off from the first hour of the trading session. On the hourly time frame, market has closed just above the 20 ema and lost around 50 points during the last hour trading hour. Nifty has...
KPIT giving flag pattern breakout onn can buy above 680 may retest also target can be 750+ keep sl 645 in mind do ur proper research
Tripple Bottom chart pattern completed in hourly timeframe. Price has retest/pullback the trendline RSI above 50 indicate the price has good strength to go higher in upcoming days Details are mentioned on chart. Please go through the chart.
Nifty on the daily time frame has given a nice bullish candle and during the last trading hour market sustained above 17500 level. After a gap down market, market gave a up move and remain consolidated for 4 hours in a 40-50 points range. On 60 minute time frame, the market sustained above the 20 ema in the initial hour and the break out during the last hour,...
Banknifty on the daily time frame has formed a dragon fly doji. Market consolidated whole day and gave a break out in the last hour of the trading session. There was sell off even after a gap down and traded whole day below the 20 ema on the hourly time frame. Though, in the last trading session market closed above the level. On 15 minute time frame, the traded...
KSCL heading towards 200ema huge volume with good strength immediate target can be 500 only for educational purposes
Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame. The stock has been taking support from 20 DMA and has closed just near the level. A morning star pattern is there on the daily time frame. Stock has closed between both the moving averages on the hourly time frame. An entry can be made in the down side, as...
Banknifty on the daily time frame has formed another doji. Market after a gap up has closed almost flat and took support near previous day low. In the initial hour of session, there was a sell off and it consolidated in the second half of the trading session. The market remained volatile and took resistance from 40500 levels. On 15 minute time frame, the market...
Nifty on the daily time frame has closed almost flat, giving another doji on the daily time frame. The market has consolidated in the first half and sell off was there. During the final hour of the session the market again consolidated. Nifty has taken a support from 17500 levels and filled the gap created by the gap up. On 15 minute time frame, the market has...
Axis bank broken out moving towards ATH 870 in uptrend trading above 20 ema fundamental improving keep in focus for study
Banknifty on the daily time frame has formed a doji. The market remained in a range and consolidated in a range after the gap up. On the hourly time frame, the market has been forming a bullish moving averages cross over and took resistance from the trend line. In the last hour of the trading session, the market took support from 20 ema (15 minute time frame)...
Nifty after a gap up it has consolidated, taking resistance from 17500 levels. The market closed above the 20 ema yesterday and the gap up took nifty to 17500 level. The market has consolidated whole day and there is a bullish moving averages cross over on the hourly time frame. On a 15 minute time frame, the market has formed a flag and pole pattern and there...
Banknifty on the daily time frame has given a nice bullish engulfing candle. It has gained around 600 points after a flat opening and remain in up trend the whole day. Market has taken a nice support from the 20 ema. There is a bullish moving averages cross over in the hourly time frame and banknifty has closed above the 39900 level. For the last 3 weeks the...