After a fall, it's evident that the downtrend has reversed with a trendline breakout. Drawing Fibonacci retracement from the low point to the high point shows a 0.6 retest and an upward movement. Additionally, on January 17th, 2024, there was a significant gap observed. If the resistance level is break, we can expect to see a large candle towards the upside....
- The Finance Index is currently trading in a range
- IMO I think we can break down and see a breakaway all through the downside
- It's going to be important to notice what the price exactly does
- I have drawn two paths let's see which one plays out, I am bearish already for long-term Investments.
- I would prefer sitting cash for the next two quarters before...
In the current senerio most of the twitter & youtube channel is worry to the correction and they show bear market start; but the price line chart show this is the only pullback; if you are wating for opportunity this is the time to buy the stock
BUY - PIRAMAL ENTERPRISE
CMP - Rs. 838
Target - 1: Rs. 1193
Target - 2: Rs. 1400
Target - 3: Rs. 1545
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Technicals - Cup and Handle Pattern & Bullish Flag
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This is just a view by an expert analyst, please invest at your own risk.
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BUY - REPCO HOME FINANCE LTD
CMP - Rs. 297
Target - 1: Rs. 385
Target - 2: Rs. 480
Target - 3: Rs. 615
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Technicals - Descending Channel BO
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This is just a view by an expert analyst, please invest at your own risk.
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BUY - CANARA BANK
CMP - Rs. 313
Target - 1: Rs. 425
Target - 2: Rs. 518
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved in 9 months - 1.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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BUY - ADITYA BIRLA CAPITAL
CMP - Rs. 170
Target - 1: Rs. 225
Target - 2: Rs. 254
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Technicals - Inverse Head and Shoulders Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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NSE:CNXFINANCE
Trade Setup for 11-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
NSE:CNXFINANCE
Observations:
1) On 15 min TF we can see a trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 04-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I...
There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
Current near previous sideways price action area, so can take a little support. But after doing some short retracement should head towards the down side again.
NSE:CNXFINANCE
📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas.
if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
![CNXFINANCE: Simple Trade Setup | FINNIFTY | 11/10/2022 [INTRADAY]](https://s3.tradingview.com/c/CiB5LFr2_mid.png "Simple Trade Setup | FINNIFTY | 11/10/2022 [INTRADAY]")
![CNXFINANCE: Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ]](https://s3.tradingview.com/t/tMxssMNV_mid.png "Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ]")
