Nifty 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 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 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.
Makkale check Bluedart chart pattern and it breakout from rounding bottom pattern. Take decision as per your view.
Do you really need this garbage in the portfolio ?
Nifty is looking for a movement to the downside. Levels are mentioned after forming correction & has the possible move to the downside.
Lal path labs is looking for buy after forming descending channel & has heavy correction from top.
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 )
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...
Borosil 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.
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.
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.
Disclaimer: 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
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.
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....
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.
Can go with above mentioned levels on chart for intraday only. SHORT: Enter 34300 SL :34360 TARGET:34180 Can go for simple 1:2 RR or trailing SL . Market should experience profit booking or small correction for a healthy up move otherwise it will not sustain. Disclaimer : Only for educational purpose not a suggestion. Follow me for more. we are just starting.
Vannakam makakle, this is VIJAY. Enter after breakout or breakdown happened and expecting 400+ points on either side, keep track it(SWING AND FUTURES PURPOSE ONLY) and add your analysis too. Thank you for following and if you've any doubts,comment below. Share to your friends makkale.