After a long down trend Pharma sector finally took support at weekly demand which was create just prior to breaking previous ATH and was reaction to few fresh orders left at supply zone. The demand to which price reversed is flag pattern and authentic level.
MCDOWELL-N (United Spirits Ltd) is looking bullish in daily & weekly chart. CMP: 871 | Target: 1000 | SL: 825 (On closing basis)
Bearish Market Structure on daily. On 4HR it broke minor structure
Plan A : Price is still below the trend line resistance and sustaining 688 - 692 will make the price to move towards 696,702. Plan B : Near by resistance 700 - 704. Price should sustain this zone to move to 710, 716 and 722. Plan C : If price shows bearish strength below 686 - 690, then price will move to 682,677, 672 and 666. Note : Understand the trend strength...
In daily time frame, price is at trend line resistance now. 417 – 420 is strong resistance. Price have to sustain it to move towards 424,430 and 435. Bearish below 413 – 416 for the targets 409, 405 and 401. Note : Understanding trend strength is important to trade in this volatile market. Place stop order once you take an entry.
As we can see NIFTY has finally broken out of its range with strong volume and we can expect a further bull run coming in here of over 300 points but level to keep into watch is 17500 as NIFTY broke down from this level which acted as a neckline to head and shoulder pattern and is also an psychological level hence we can expect nifty to reject from these levels if...
As we can see despite of the big green candle the previous day, we saw rejection and nifty fell over 200++ points and has formed more like an inside candle type formation and hence we can expect a rally upcoming if either of the levels are broken, we can see a good upmove tomorrow if sustained above 17200 as this level has been tested multiple times, of opens weak...
Look like clear breakout on upside opportunity of targets as mentioned in the charts and there is good accumulation up to 140
Bharti Airtel is very bullish in any time frame. The stock was trading in the range for the last one year. Last Friday it has broken the resistance and closed at all time high. CMP: 799.90 Target: 904 (13%) SL: 748 on closing basis in the daily time frame
As we can see NIFTY also reversed exactly from our given level of 16600-16800 and recovered almost 300++ points, now we can see NIFTY heading towards its important resistance which is 17200 as it has also previously acted as a great resistance and a pending gap could also act as a resistance hence we should now jump right at strong opening as we can see nifty...
As we can see BANKNIFTY reversed exactly from our expected level of 37000 and made a rally of over 1000 points though it was more of a news driven rally but did respected our levels, now we can expect banknifty to continue this rally, next emminent resistance can be seen around 38800-39000 levels hence before continuing its rally we can expect a sideways marker in...
Nifty recovered sharply with RBI rising its interest rates to 5.9% which is a increase of 50 basis points. Now that nifty has showed strength from lower levels of 16800 and moved swiftly to 17150. And halted around those levels. Here nifty is at a crucial juncture where it can break the 17156-17327 gap and move higher or continue to go sideways in range of...
Banknifty on the daily time frame has given a red candle and almost closed around the previous day low. BN is around its week 20 ema. The market may take a support from its level. After the initial gap up the market fell to the previous day close and consolidated in the second half of the trading session. On the 15 minute time frame, the market is unable...
As we can see despite of the gao down opening in NIFTY we saw a steong recovery of over 200 points but last day’s closing zone acted as a resistance and fell down and closed around its opening and formed more like a bearish pinbar candle in daily chart showing the dominance of sellers over buyers which probably trapped many retailers as seeing this candle might...
As we can see NIFTY had been in consolidation theoughout the day and closed on a negative note despite of strong opening, followimg the global cues we can expect NIFTY to open weak tomorrow but that gap down opening could show opening around important support levels which are mentioned in the chart which are 16600-16800 range and this range is also a 50 percent...
Banknifty remained weak as compare to Nifty and closed 250 points lower. The market gave a nice down side movement after touching the round number of 39000. On the 15 minute chart analysis, the market tried to sustain above the 20 ema levels but couldn't hold the levels and took resistance from the same. The markets are heading for a monthly expiry and a...
Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week. The market has given a negative return but this stock has remained in green. There is possibility of another up move in the coming week and the stock may form new 52 week high. It is following the market movement. It has broken the resistance level of...
Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame. The stock has closed below its 200 ema (weekly chart). The whole IT sector has been in a consolidation phase and is near its recent low. On the daily time frame, stock has given a negative candle and retested its levels of 400. Confirmation points. 1....