Nifty - Technical Analysis: -Nifty was up 21.10 points or 0.19% at 11,355. -It gapped down today and dropped to 11250 but bounced back from the support and closed postive. -Nifty forms a doji again on daily chart indicating indecision in markets. Swing traders are advised to take their profits and wait for further levels before taking positions. Market -...
Britannia formed doji candle on daily time frame and contracted within previous day's candle. The high/low can be traded with a conservative target at the mother bar's high/low range. Long above 3407 TGT: 3442 Short below 3344 TGT: 3306 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
VOLTAS showing a clear pullback move on daily timeframe candle. Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Long above 559.1 Short below 544.9 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower...
Channel detected. Buy- if price sustains above 1452.45 or else can be short till 1437.25 Breakout at 1496.80 and then upwards movement Tip- Follow the channel.
BANDHANBANK broke the trend line near to it's support can potentially go up but i am not sure about this because of their earning results and so think it can go down ( 75% chance ) to 225 selling point can be 230 BUT I WILL NOT TAKE THIS TRADE AS RISK REWARD NOT THAT GOOD please tell me you find any error in this and suggest me stocks that i should analyse
BPCL can move either side. Chart analysis shows it has broken the support zone and should head down towards 360 levels But privatisation and fall in crude oil price can push the price up. Due to coronavirus, the market is mostly based on the news rather than technical. Upside target of 503
I found this stock was falling from high value almost a year, the fundamentals are strong, this is a good stock for holding. If it bounce back and trades above 823 with a stable candle then the trader can enter into buy position.
After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the...
HDFC Bank - Confused State - Waiting for confirmation
IT IS IN SUPPORT ZONE5.SO WE HAVE TO WAIT FOR SOME MORE DAYS TO KNOW WHETHER IT IS IN UPTREND R DOWNTREND.
IT IS IN SUPPORT 2 LINE.IF IT BREAKS DAT STRONGLY UPWARD IT HAS A CHANCE TO GO UPTO SUPPORT 1 LINE OTHERWISE IT WILL GO DOWNTREND.NOW IT IS IN NEUTRAL.
IT IS IN SIDEWAYS TREND.ALSO IT FOLLOWS THE HORIZONTAL CHANNEL PERFECTLY WHICH I DRAWN.SO IT HAS A CHANCE TO GO SIDEWAYS FOR SOME DAYS.
NOW IT IS IN SIDEWAYS IF IT BREAKS THE TREND LINE UPWARD IT HAS A CHANCE TO GO UPTREND OTHERWISE IT WILL BE NEUTRAL FOR SOME TIME.
ALREADY IT IS R1 LINE SO IT WILL BE IN SIDEWAYS FOR SOME TIME.AFTER DAT IF IT BREAKS R1 STRONGLY IT MAY GO UPTO 117 WHICH S R2.
IT IS ALREADY IN SUPPORT ZONE AND ALSO THERE IS NO STRONG BREAKOUT.SO IT WILL GO NEUTRAL OR SIDEWAYS