Nifty500
📊 Delta Corp LTD Huge Breakout NSE:DELTACORP
Delta corp stock /share just given good breakout with huge volume on bigger time frame.
Everything explained on chart.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Nifty may show us lower levels, thanks to global cues!!Currently, Nifty is making HH & HL. Accordingly, Nifty should not break 17220-200. If the same is broken, then Nifty may start to make LH & LL and this would weaken the Indexes for short term till 15800 levels are not broken.
Further, on daily chart of Nifty, we can see formation of dark cloud cover and evening star (approx.). Hence, we can see some correction in market.
Other Cues for tomorrow:
Negatives:
- Fed’s Jackson Hole Conference
- News of default of China Evergrande
- Nifty break important supports
- Release of metal from strategic reverses by China
- Formation of Dark Cloud Cover/ Evening star on Daily Chart of Nifty
- Nifty has outperformed the global market in uptrend, it may be a scenario that Nifty go down and outperform global
- VIX up by 14% and closed at 17.49%. Hence Volatility would be at higher side
Positives:
- Nifty closed above an important support 17380
Disclaimer:
- View expressed are of personal in nature. consult your financial advisor before taking any decision of investment
- We are not SEBI registered
SHRIRAMCIT SHRIRAMCIT (W): After a long period of consolidation, SHRIRAMCIT finally broke through multiyear resistance, indicating a 3130 target.
GESHIP #GESHIP (W):- Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
VENKEY #VENKEY (W): Maintaining an uptrend with correct higher high and higher low formations, it has now established a new higher low. Return to the prior breakthrough zone for a retest.
1) Retest Done
2) Risk to Reward Ratio is good :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
EIDPARRY #EIDPARRY (D) Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
SHRIRAMCIT SHRIRAMCIT (D):- 2158.1 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Spurts