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#UNIONBANK LONG TRADE IDEA SETUPGreetings Folks, today i have prepared a setup of UNION BANK on NSE the analysis is as follows- - The price has started a minor bullish trend - it is now trying to break the pivotal point that is the previous lower high, if this breaks, we can expect the price to continue the bullish trend - 2 possible entries have been depicted in the chart, do as the chart follows - have also marked the intraday trade target don't play with fire, always use a predefined stoploss
NSE:UNIONBANKLong
by profitpujari
VEDL can break multiyear consolidation.NSE:VEDL VEDL is consolidating for near 13 years now. For these many years consolidation means complex correction in Elliott Wave Theory. I label the counts on chart it's clear that VEDL is on last phase of WXY corrective wave. But wave Y is not yet completed I think. I think VEDL will go near demand zone at least for completion of wave Y which is also near 200 day exponential moving average. Wave 3 is always strongest in price movement and in volume. So, after wave Y wave 3 of Supercycle wave will start to form. In most of cases after this many years of consolidation stock moves sharply in it's main direction and in VEDL it will be bullish. Good For Long Term My targets for VEDL are:- 1) 800/- which is 1.618 reverse retracement of Supercycle wave 1. 2) 1300/- which is 2.618 reverse retracement of Supercycle wave 1.
NSE:VEDLLong
by swaaapnil
2
Nifty PreMarket Analysis : 16 Oct'23 NseMcxTalksStrategy : Trend Lines and Support /Resistance Support : 19680 Resistance 19860 Entry levels: Today Nifty might open flat with a bearish bias. The range of trade expected to be in the range of 19680 to 19840. Buy above 19860/or bounce from 19680 for Targets of 19900 19940 Sell if the Trendline is breached for downsides upto 19630 19560 and 19500 Important Events: Today, we have a results announcement of the HDFC Bank. This will be the first Quarterly results announcement of HDFC Bank after the merger of the HDFC bank with its parent HDFC arm. The market expectation is upbeat on HDFC bank and expects a 30 plus percentage yoy. But, there will always be a teething issues during any merger and it requires a quarter, if not two to iron out these and to get the operations and financials optimised. These are my Nifty Premarket analysis and refer my Trade updates in Ideas/minds. Disclaimer: For Educational purposes. Not recommendations. Hit Like and Follow for update notifications.
NSE:NIFTYShort
by iTechnIndica
Short Term view on NIFTYToday nifty gap down from the resistance of value area (Range) and touched control value area or small range within big range's and acted as support for price and form doji. Because of Doji market is uncertain to predict because of Island reversal too. To increase the probability of the prediction that the market or trend reversed or not yet. price must have to fill the today's gap. Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal. For Bullish view market must have to fill the today's gap first. NSE:NIFTY
NSE:NIFTYLong
by swaaapnil