My Views: Index made a new high whereas RSI didn't which indicates negative divergence. It will have to sustain around 29100 and 29280 (0.5 and 0.382 level on fib retracement) before it continues the uptrend Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
#NIFTYIT looks good for a decent up-move. SL can be placed below the horizontal line on closing basis.
Hello everyone, As per price action TCS is standing at good support area. If tcs hold this support area(3250) then once attempt towards 3300 and 3320 for upside 3250 breakdown it will fall up to 3220 3200 .
Looks a breakout candidate on daily chart. From a descending trendline. Resistance/ target zones on chart.
should move ahead on journey . Re-testing done at long term trend line . taken support multiple time today . just a note . NOT an investment advise .
NSE:INFY whole IT sector at resistance and that i said few days back as well that IT sector Heading towards resistance. as per this pattern Potential Reversal Zone is PRZ 1 :- 1574.10 PRZ 2 :- 1584.90 Stop Loss :- 1635.10 so ultimately from PRZ 1 to Stop loss this whole Zone can act as resistance and to trade on this pattern you should have knowledge of reversal...
Infosys has given a clear and strong breakout on daily and weekly charts. Expecting 1700+ levels soon. CNXIT is going strong.
can there be fall from all time high price level ? yeah possible RSI - drawn resistance trend line to be watched consistent volume has given descent support so far so keep a watch on volume candles exit short on crossing and closing above rising Resistance trend line where to book short ? or where to enter for fresh long? levels for above questions -...
Looks good for a quick option. Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my...
As you see the price it is struck inside the rectangular darvax box pattern as same as Nifty IT index. Nifty IT index has made breakout the resistance and hit ATH, the same way we are expecting the HCL also break the upper resistance and enter into uncharted territory soon
Buying on Demand Zone. Price and Trend line Support. There was buying in IT Sector. Keep an eye on IT sector. Views are personal, not any recommendation.
NIFTY IT, overall in very strong uptrend, now moving in bullish wedge. And also in smaller time frame if you will see it is moving in symmetrical triangle. Wait for the symmetrical triangle breakout to take buy trade on IT stocks.
Tech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss...
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for...
note guys this is not a buy recommendation sell side below 800 level 💢forming descending triangle 💢interesting buy from promoters in the last year 💢expecting an upside breakout about the company ✨Accelya Kale Solutions Is a Software solutions provider to the global Airline and Travel Industry.✨ thank you like✨comment✨support
NSE:HCLTECH As one can see stock at harmonic PRZ one can long from this level with the stop loss as mentioned on chart. please do your own analysis as well before trading or investing. Be Independent Trader. Learn Apply Grow. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation....