as we can see that indigo paints has corrected very much and now we can see the strong bullish momentum from 1400 level which is good support aslo it has breaked the 50 ma and now taking support on 100 ma which is also a good sign to go up for the stock and we see that RSI is also bullish breaked 60 level with strong bullish candle (BUllISH DIVERGENCE CAN BE...
Stock is consolidating near 200ma.. can be accumulated with SL 610 for triangle breakout above 670 at CMP 634 for Target 830/ATH
On Friday, Oriental Hotels broke out from the resistance level of 70 to close at 73 levels, on good volume and with a bullish candle. If it sustains the momentum, we might see the price levels of 88. On retracement, 73-70 levels can be good accumulation zone. Strong support for the stock is visible at levels of 62, below which one needs to be cautious. Also,...
Jindalsteel Long ( 05 Aug) RSI-64 breakout of 50 day EMA resistance, now becomes strong support Buy at- 393 SL- 374 Target- 436, 470 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Wait to buy after following signal only. 1. Price may touch 200 SMA i.e near ₹765 in coming week. 2. After this support if green candle appear , new buy signal will come as per golden cross rule. 3. Near ₹765 fib. Support is also there. 4. When price will touch ₹765, it may touch RSI 40 and will reverse from there. This not a recommendation, plan your trade...
HDFC Bank has made a double bottom on weekly time-frame, and has also given a break-out. The stock is taking support from 200EMA of daily time-frame, you can go long once you see a good bullish candle on 1D time-frame. It could be a long-term swing trade (Positional Trade). Suggested targets 1480Rs, 1511Rs. You can also make this as an investment opportunity...
Bank nifty has given a lower wick rejection while engulfing last 4 candles. Market closed in red but in the intraday there was a nice move of around 1000 points. Bank Nifty fell in the first half and consolidated in the second half of the trading session. On the hourly time frame, market has closed just below its 20 ema while on the 15 minute chart analysis it...
Nifty on the daily close has given a nice lower wick rejection and remained strong in the last trading hour. It tested its hourly 20 ema and regained 100 points in the last hour candle. On 15 minute chart analysis nifty formed a nice higher high formation in the second half of the session. Support:- 17300, 17220 Resistance:- 17400-430, 17500, 17630 Market was...
Banknifty has formed an inside candle and was weaker than nifty. Thou, it tried to cross 38k level but couldn't sustain above it. It took a nice support from its hourly 20 ema and recovered during the last hour of the day. Support :- 37645, 37965 Resistance :- 38170, 38500 Market have closed on a bullish note and can remain in green for tomorrow. Wait for...
Nifty on daily closing has given a dragon fly doji and respected the level of 17400. The market retested and recovered in the last trading hour of the day. There is a bullish moving averages cross over on daily charts. On hourly chart analysis market respected its 20 ema and has given a nice up move. The market On 15 minute chart, the market traded around its...
Enter if candle closes above level of 506. Target 1 = 535 Target 2 = 575 Stoploss = 484 ---- stay tuned for any change/regular update on trade.-----
Banknifty after a initial gap down gained momentum and crossed the crucial level of 38k and closed above it. Banknifty was strong as compare to nifty and gained around 120 points. Though market consolidated whole day. So, the market can be trending in the coming days. On 15 minute chart analysis, the market traded around its 20 ema. Support :- 37400, 37645,...
As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea...
Tata power looks good on daily charts gives close on 50 and 100 day moving averages on daily chart after so many sessions one more positive thing is there is relative strength indicator breakout seen that was facing a big resistance too today crossed and closed above on that too. CAUSE OF LONG-: 1- Closing above on 50 and 100 day moving averages 2- Breakout...
] NSE:SBIN This is intraday trade. The stock is at 20 moving average The will give 540 target and can get resistances from l ife time resistances This is for educational purpose
Maruti is near its 4 year high and is looking good. With strong support around 8329 and 7555. We can see good traction once the stock price goes above 9100 levels, with key resistance around 9572 and 9996. Beyond these levels, the stock will find good momentum. Never forget to keep a stop loss. Note: Not a buy/sell recommendation, but a personal analysis
Nifty has closed below its 200 DMA and has taken support from its 16480 level. On hourly time frame, looks bearish and can remain bearish on a smaller time frame. A perfect bearish trend is being formed on 15 minute time frame and market has closed between 20 and 200 ema. support :- 16324, 16485 Resistance :- 16680, 16825 The market can remain bearish and can...