Adani Ports has closed above its weekly resistance zone. The stock has rallied form 807 to 870. On daily time frame, a good bullish candle is formed and on volume analysis high volumes are there. Support :- 858-865 Resistance :- 900 Don't just jump into buying. Wait for the retest or break out of 900 level. If the stock crosses the levels of 900, further...
A nice bet in crypto can be the Ripple coin. As it has not formed a new LOWER LOW. The coin on seems to hold the support level of 0.585 on weekly basis. The coin has been in a bearish trend and signs of trend reversal are there. Ripple had made an equal and if it break the previous high convincingly a bullish momentum is possible. On weekly analysis, coin is...
Ethereum is trading at a crucial support zone and there can be a reversal. Though, on a 60 minute time frame, the moving averages crossover is showing some bearish trend. On a 15 minute time frame, the coin taking support for the zone and strong bullish candle are being formed. Support :- 2945,2850 Resistance :- 3020, 3100 Watch for the candle to close above...
Eicher motors has taken resistance from a trend line. On a 4 hour time frame, the 20 and 200 ema has converged and a bullish candle a weekly time frame shows some bullish trend. Support:- 2570, 2455 Resistance:- 2720, 2760 Wait for the trend line break out and 4 hour moving averages cross over. Swing and intraday trades can be initiated on this setup. Wait...
Indiamart view for next week or month. As the stock is near a reversal phase. Indiamart has been taking support from its 20 ema on a daily time frame and has spent 3-4 days trading near its moving average. On volume analysis, it seems to be in an accumulation zone as the volume are low. The stock on technical analysis is quite bearish as its has been trading...
Banknifty looks weaker than nifty and has been trading near its 20 ema on weekly time frame and has formed a bearish candlestick. On daily time frame, it has closed below its 20 and 200 ema, which looks bearish. The EMA's are trading close to each other on daily, 60 minutes and 15 minutes time frame. Support :- 35940, 35600, 35355 Resistance :-...
Nifty has been trading between 20 and 200 ema on a daily time frame. Market was down on the last trading day and has closed below the crucial 20 and 200 ema on 15 and 60 minute time frame It has been respecting a trend line and has given a break out and retested it, on daily time frame and has formed a doji on weekly time frame. Support :- 17160, 17100,...
Cummins India touching the early break out zone. We have to closely watch the price action happens here and the broader market is also performing well, we can buy this stock.
texinfra : cmp 68.50 trade setup : 1. buy above 75 2. keeping stop loss as 62 on closing basis 3. for targets : 93/103/115/126/140+ technical setup : 1. ascending triangle 2. bullish engulfing candle 3. volume higher at breakout zone 4. breakout concept 5. multiple time frame analysis 6. stock near 10 year price resistance breakout zone
As we analsyed that nifty is in strong demand zone and under no circumstances should we short and asked for going long ! we saw strong recovery of almost 1 percent from our given levels and still we can see it has sustained above hence if opens flat or positive we can expect nifty to continue its uptrend but if opens weak then we can see sideways market tomorrow
CHOLAFIN cmp 746 beautiful rising channel next move towards 800 zone cmp 746 trend emerging now fast move can happnen keep eye
As ADX is very powerful now, this upward price momentum may jump across the bench mark NIFTY 50. If this relative strength cross Nifty, the stock will perform much better in future.
We did saw a huge gapdown and continued its bearishness but closed with imperceptible recovery from very important level which is 36500 and making it more like a doji candle in 1 day TF showing indecision in trend, also we can see this level has acted as a very strong demand zone showing multiple reversals and hence we should think of going long unless it breaks...
Hi Traders This is an good opportunity for both buyers and sellers. As price is corrective than sellers can short sell here for quick profit. Investors can wait for the correction as they will get the buy the stocks as much cheaper price. Anyway as i said in the chart this is an corrective structure. Form the looks like it is an flat structure so its should...
Cipla has been trading in a range from 22/03/22. The volume seems to drop and the range is a accumulation zone. On daily time frame, the price is around its 20 ema look for the break out and once the levels are broken the stock can give a good move on either side. Support :- 1005,987 Resistance :- 1045, 1068 The stock can be added for a swing trade and intraday...
Gail on a weekly time frame has crossed it resistance level and has closed above it. The stock looks bullish and can make new ATH. Daily time frame, there is a crossover of the moving averages which give another confirmation of a bullish rally. Support :- 165, 160 Resitance :- 170, 177 The resistance are taken from the fib levels and previous high. Wait for...
Nifty is on shorter time frame, looks bearish and is respecting the resistance levels. On daily time frame, the market is taking support from its 20 ema but on hourly time frame the price is between 20 and 200 ema. Support :- 17245,17330 Resistance :- 17500, 17600 Market has been opening gap up or gap down and consolidating the whole day. The market can be...
Bank nifty has been trading in a wide price range . Weekly analysis shows a touch at 0.382 fib level. On 15 minutes time frame, the market has closed below its 20 and 200 ema. Support :- 37344, 37000 Reistance :- 37580, 37800. Market can break the levels and can be trending in the coming week. Wait for the price action near the levels before entering any trade.