Nifty500
CAMLIN FINE SCIENCES im sharing this chart with you that , you can see how many times it had taken support at 119 .
im started accumulation .
one can also start SIP at this time . with SL of 95-97 .
and also , at DAY timeframe it forming HAMMER it is reversal of trend
do like my idea if you agree with it and also follow me on tradingview .
COSMOFILMS #COSMOFILMS (D):- CMP 2020 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Thermax Analysis !! Broke Out.📈 Thermax 📉
Thermax is breaking out from a resistance after testing three times. It was taking support at zone of 1650-1680 since December 2021.
On Buy Side I am looking for Targets of 2080-2100.
StopLoss should be kept in 1750-1780 zone.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nifty#Reasons
1) Nifty trend still bearish as per dow theory.
2) Fibo magic no. 61.8% (17424.3) Facing strong resistance.
3) Facing Resistance trend line
4) RSI making lower high
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.