The correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase.
Interestingly HIKAL LTD has a trading cycle of forming a low in every 88...
Grandfather , Father , Son is a five star trading strategy.
A good opportunity to enter a trade, daily rsi is at 40 support , weekly and monthly above 60.
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According to price action, NSE:PIDILITIND is showing signs of exhaustion and weakness. Reasons why I think this is a short candidate -
1) Both the Daily and Weekly candles appear to be weak.
2) Future OI has been unwinding long for the last 5 days, and there was short build up in this stock today as well.
3) DTF has formed a bearish marubozu candle.
4) For the...
The patterns seen in weekly time frame. Trend line break out.
And another pattern is W which is formimg now.
As long as price sustains above 3640 - 3680, it can move towards 3740, 3804. And if price sustains 3780 - 3820 zone, then we can expect the move towards 4000.
Crude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.
Buy when Breakout above Neckline
Buy above 6750
Tgt 7250 - 7600
SL 6500
Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor...
Sbin is in many trader's watch list and the expectations are building up. In daily time frame price is at trend line support. And in one hour chart, price has formed a triangle. Price is bullish if it sustains 596 - 604. Buy above 604 if the triangle break out has volume strength with the stop loss of 598 for the targets 610, 616 and 622. If the price shows...
As we can see BANKNIFTY again showed strong rejection from our demand zone and showed strong upmove from that very demand zone. Also we can see BANKNIFTY forming more like double bottom pattern and the neckline being 40800 hence we can see BANKNIFTY showing uptrend hence any gap down around demand zone we can again see huge uptrend around it hence unless 39500 is...
As we analysed BANKNIFTY showed strong upmove based on the analysis but got rejected around 42000 which we expected around 41700 and fell straight up 2000++ points to 39500 which was our strong SUPPORT and reversed exactly from our levels hence we can expect BANKNIFTY to remain sideways to volatile in this range and now confirmed rally can be expected unless...
As we can see BANKNIFTY reversed exactly from our zone and showing unidirectionally upmove now closed at very important level of inflexion, not taking consideration of the oncoming budget, watching technically we can see BANKNIFTY strong and ready to fill the gap till 41500 which is its next psychological level but it could be done with immense volatility so keep...
As we can see BANKNIFTY exactly took support at our psychological level and reversed exactly from there and moved over 1000++ points from there now closed above 40000 psychological level hence as long as BANKNIFTY is sustained above 40000 level we can still make new long positions till 41600 so keep watching everyone
As we can see BANKNIFTY fell one sidedly as we analysed now it can be seen trading around its psychological level of 40000 which is a strong demand zone, we might see BANKNIFTY to fall further below 39500 but closing abpvw 40000 is something we are looking for another uptrend to continue so keep watching everyone
As we can see BANKNIFTY finally reached its strong demand zone and a psychological level of 41500 and closed above given level now we can expect BANKNIFTY to open strong tomorrow and if fails to open strong and opens around 41500 level, any signs of reversal around this area, new buying position can be made but if fails to sustain itself above 41500 level then we...
As we can see depsite the gap up opening, nifty couldn’t sustain itself and fell down over 120 points and it is pretty evident that when market makes some pattern pretty obviously it tends to work against it the very next day if opens with huge gaps but there are higher chances of nifty breaking above towards its new all time high anytime sooner
Finnifty One Hour Chart Analysis For Intraday Trading
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty – 18845 - 18855
Second Support Zone For Finnifty – 18750 -18760
Third Support Zone For Finnifty – 18450 -18460
Resistance Zones For Finnifty...
As we can see NIFTY has formed more like an inverted head and shoulders pattern which indicates a strong uptrend in coming trading sessions! important levels to watch is 18170 levels which is also yesterday’s high and a neckline to break for uptrend to continue in NIFTY
As we can see BANKNIFTY had been consolidating since last week now and no significant move can be seen past 6-10 days hence we can expect a strong and unidirectional move in coming trading session anytime sooner! for the above move to happen banknifty needs to break either of the levels which includes 42700 being a strong resistance and below the level to be...
