INDUSINDBK is in a rising wedge pattern & looks like it is about to give a breakout. We can trade INDUSINDBK for intraday as well as hold it for positional trade as it looks bullish & is contributing in the rally of BANKNIFTY. We can initiate a long position as soon as the high of breakout candle is crossed & SL will be the swing low. It will be better to take...
We can see a bearish pole & flag pattern in DMART on 15min timeframe. On Monday, if the opening price of DMART is in the range of flag then you can short DMART for intraday when there will be pattern breakdown alongwith good volumes. You can enter the trade when price crosses the low of breakdown candle. Risk management is the key. Always plan you SL before...
BHARTIARTL is at it's resistance for the 3rd time, the first time sellers took it till 400, the second time it came around 460, now it is the third time that BHARTIARTL is at resistance. It has been halting there for some time now & is accumulating buyers. There is a high possibility that it will break the resistance in coming trading sessions and can be a good...
BAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES...
NSE:UPL Entry 425.1 or below Target 489.8 SL 398.8 UPL has shown sharp correction recently and now started upward journey , one can enter Below 425.1, if Nifty shows correction then you can get better price. Buy and hold for the 3 to 4 week. Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment...
BUY 461 TO 445 TARGRT 508 ONCE IF IT BREAK 508 AND IT HAS CLOSED ABOVE 508 IN WEEKLY TIME FRAME MEANS NEXT TARGET UP TO 573 AND 602 .
For 7 Dec, it is my view on Bajaj Finance for intraday
ITI | Again another Flag for 20% to 40% Monthly time frame, shows the breakout and proper retracement again. Attached monthly time frame chart below in comment section. CMP : 128 (Any dip to 115 level is a great buying opportunity) SL : 110 Target : 155, 190
13 week cup and handle base. around 2 week handle. Volume contraction is very good. shakeout in the base only red flag is 33% depth of the cup. if stays above 70 (weekly S/R) - may touch 100.
IN DAY CHART IT HAS FORMING THE TREND LINE . BUY 1565 TO 1430 TARGT 1660 TO 1790 TRY TO ACCUMULATE EVRY LOW IN TREN LINE.THIS LEVELS FOR DAYA CHARET ANALYSIS. NOTE: AFTER THE SIDE WAY IN THE MONTLY TIME FRAME IT HAS CLOSE ABOVE THE 1479 .IT SHOW IN POSITIVE BUT ANY WAY WE WANT CONFORMATION. WAIT UP TO THIS NOVEMBER MONTH AND SEE WHERE IT IS CLOSING IN...
HDFCLIFE | Excellent risk reward & Rejection downside + RSI divergence CMP : 570 Target : 640 Stop loss : 540 1:7 risk reward setup :D
On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion. Great quarterly results. 12 weeks flat base. symmetrical triangle. Upper trendline BO with volume. Volume action in base suggests accumulation.
9 week flat base. consolidation BO prior trend is not that strong - only 70% up form low. weekly action is tight with quiet volume followed by BO on high volume. 100 wma and horizontal S/R at around 230. so that may act as resistance.
Reliance has been down for a while now. Will it shoot back up? Or will it continue another big fall?
1) Wait for the price to reject at the entry range and take long position accordingly 2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION . 3) May wait for trendline breakout and retest for more confirmation . 4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your...