ITC LONG TRADE 28JUL2022 EXPIRYITC has been in the bull run for almost a month
So I have planned a safe long trade for just 6 trading sessions
28JUL2022 280PE - ₹ 0.4
28JUL2022 255PE - ₹ 0.1
Max Profit-1.20%
Margin required for 1 lot - ₹ 80234
Nse
Nifty Analysis for 18/07/2022 (1H Time Frame)A bullish candle on 20SMA suggests positive sentiments
Target 1- 16250
Target 2- 16380
Target 3 - 16490
SL- 15866
BANKNIFTY CHART BOTH SIDE LEVELSPlease check my analysis if it is helped to you please revert me I will post it daily
SWING TRADE IN ADANI ENTGo long above 2422 if 1 hour candle sustains above this level by keeping a SL of 2369 for target of 2539.
Type of Trade-Swing (Cash or Futures)
AUBANK AT CHANNEL SUPPORTVannakm makkale, this is Vijay. We got an oppurtunity in aubank,closely watch and wait for reversal candle then enter for swing or positional.
Share with your friends nd follow makkale.
Thank you for following and if you have any questions comment below.
Nifty 50 4h Tf Nifty 4hr has formed trend continues pattern that is raising wedge pattern as per technical it may take retest and give fall further , at the same time in rare case it may form ascending or falling wedge and give up side break because it has give trend line break.
Nifty forming diamond patternNifty 50 is forming diamond pattern in daily timeframe and is awaiting break on either side. Note that strict stoploss shall be followed on entry because markets are hugely news driven and volatile these days.
Relaxo inverted HNS pattern formationRelaxo is forming kind of inversted HNS in daily timeframe and breakout is still due.
Note that there is no volume as of yet so it's a wait and watch.
Once it breaks out it can show a potential upside upto 1100 levels.
LUMAX AUTO, pure institutional movement Lumax auto share is about to breakout its levels it seems breakout will be LEGIT because there is consolidation going on, we can expect a immediate target of 280.
BLUEDART ROUNDING BOTTOMMakkale check Bluedart chart pattern and it breakout from rounding bottom pattern. Take decision as per your view.
NIFTY : Looking for Short!Nifty is looking for a movement to the downside. Levels are mentioned after forming correction & has the possible move to the downside.
LALPATHLAB : Looking for long!Lal path labs is looking for buy after forming descending channel & has heavy correction from top.
Mfsl Consolidation breakout and pull back price should continue to upward direction . Please observe chart I have made detail information in chart . (Target and stop-loss )
Bounce or Breakdown? Tech Mahindra is at its previous Trendline resistance zone and it remains to see if it can make it a support now.
A breakdown can take it lower to dotted black trend support levels.
Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly.
PE levels are near historical 10 year levels and a good quarterly result can trigger an upside.
Not an investment advice, only for research purpose.
Strong bounce from SupportBorosil is trading at PE of 36, below 10 year Historical PE levels of 45.
Strong Revenue and Profit growth with good technical setup.
Not an Investment Advice. Only for research purpose.
10% gain - Target 1 done Since my last post on Pidilite, showing the trend of -25%/+100%, it has given a bounce of over 12% and with the relaxing crude oil situation, it might be a good time to hop in.
Not an Investment advice, only for research purpose.
Trend Analysis - EMA 100 key level Axis Bank is trading at PE of 14, below 10 year Historical PE levels of 18.
Strong Revenue and Profit growth with consistent loan book growth.
With increasing share of Private banks, and slow calibrated shift from Unorganised to Organised,
Axis Ban may be poised for some upside here. Keep a close watch.
Not an Investment Advice. Only for research purpose.
Nifty intraday short IdeaDisclaimer: Only for educational purpose, not any kind of buy or sell suggestion.
All the levels are indicated on chart.
If the price comes to this supply level can go for short with small SL of 40 points.
And If we are achieving Around 1:1 ratio always plan to take some profit home or shift your SL to cost.
Its a 5m chart trade plan
Can we see some correction in ITC ?All the levels are marked on the chart.
*Even if the price hits the stoploss can plan for reentry if RSI goes into overbought levels near the supply zone and with confirmationof any reversal pattern.
Disclaimer: Only for educational purpose, not any kind of buy or sell suggestion.
Can Bank Nifty continue its sell off on 6th July?Key levels in Bank Nifty for Tomorrow:
34300
33800
33300
1)33800 & 34300 will act as a resistance from now on.
2)If market opens flat tomorrow and forms any negative pattern or candle at 33800 levels BNF can be shorted with a small SL.
3)If market opens gap down and opens around 33300 RSI might go to oversold levels for sometime and we can see some correction. In this situation we should look for sell on rise scenario.
4)As 33300 looks like a trend line support and If market stays here for long it will break it eventually.
5)Unless Market breaks 34300 levels ,market is sell on rise mode. Above 34300 ,look for price action and bullish candle sticks patterns before taking the trade.
6)Avoid taking trades If they are far away from support and resistance . Either our stoploss will become far or it will hit our stoploss in any direction. So please be careful while trading
*** Above suggestions are clearly for educational purposes not any kind of Buy/Sell suggestion.
* Feel free to share your thoughts.
RELIANCE : IS IT RIGHT TIME TO EXIT?Reliance after making big move & has reached to upside & formed ascending channel & showing some weakness on daily timeframe. I would definitely won't trade on this. Best time to stay away & wait to see further movement.
