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Hindalco, SwingHindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200 EMA. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:HINDALCO
by dakshjain76
2
Neutral Idea on BHELOn one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side. If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to accumulate the shares. I would not recommend it for trading as this is low volatile stock. You all can comment down on any suggestion.
NSE:BHEL
by Saket_Ojha
2
Nifty on major support of trendline - April Month analysisHi guys, Today's expiry session was very much volatile but one would have managed this volatility if he would have known where are the major supports of trendline in short time frames. Although today the expiry happened on the major support of Trendline A & B. Both the trendline played as a major support in Nifty. However, If you zoom in it just expired exactly on the trendline. For the past weeks trendline C has also acted as a good resistance and you should keep this in mind once Nifty goes above 15000. If on the daily time frame, Nifty manages to close below the trendline A & B then we'll see more fall in Nifty to 14000 and below. Also I have a bearish view in Market as of now as the major bullish trendline is broken. It can go to retest that trendline and then again falls down. So, I am not holding any cash positions for short term, and I will only buy until & Unless trendline C is not broken.
NSE:NIFTY
by Siddharth_23
3
Nifty: 24 Dec weekly expiry range predictionNifty - Yesterday, on the Technical Analysis front, we highlighted Bullish Harami Candlestick pattern suggesting up movement - F&O Data analysis confirming stronger hands on buy side (FIIs buying Index Futures & Proprietary traders selling Put Options) - After opening & trading in red, Nifty immediately jumped in to positive territory and managed to close 135 points higher at 13601 just 18 points above 13583 resistance levels mentioned - So far so good… Today we are giving an expected range for weekly expiry. Markets are dynamic and not a necessary it would happen. Use it for educational purpose only - This is not a trading decision - we are not recommending any fresh position today - in our last Nifty update we had given a trading strategy to sell 13300 Put options Continue to hold and let it expire worthless and ensure complete profitability on that. A detailed report has been shared late last evening with those who have shared their email address. If you are interested share your email address in Private message Take care & safe trading...
NSE:NIFTY
by indiamarketoutlook
Nifty : Upmove is near completion. Downtrend to 10800 or further Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern. All calculations are marked in the chart. As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL TRIANGLE pattern will soon commence. Second possibility of D wave completion is a Trendline resistance of 12800-12900 levels. In this case we may a fall in Nifty from 12 Nov 2020. As E wave of this NEUTRAL TRIANGLE will traverse below 10800 before Jan 2021 . Investors can invest to build a good equity portfolio during this fall. Wish you all a very Happy Diwali and Happy Investing.
NSE:NIFTYShort
by rajivghosalkar
12
ITC falling back towards SupportI had given an outbreak call on ITC based on a condition. Condition being, if it breaks above 175, we could see a big move. Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support. There can be two trades here. 1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169. 2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166. I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
NSE:ITC
by sankatradesindia