What's going on guys!?
Hope you all are keeping yourselves safe and minting money in the past month's bull run of the market.
Been quite some time since my last post, I hope I will be regular in with my future analysis for you moving forward.
I see a buying opportunity in Vedanta and in this post, I want to bring your attention to what I see as a fairly good...
All explained on charts. If its breaks the channel, then I think it will find next support only at 700-ish levels (or atleast below 750)
Also, I believe, this time it wont stop at 700, will add the all time charts in the comments to support my view.
THIS ANALYSIS OF BRITANNIA IS FOR NEXT 10-15 TRADING SESSIONS .EVERYTHING IS CLEAR ON THE CHART .
BRITANNIA HAS SUPPORT AT PRICE 3275-3310 LEVELS.
CONDITIONAL BUY IS ONLY AND ONLY ABOVE 3445 .
FOR THE TARGETS OF (!) 3520 , (!!) 3555.
YOU CAN KEEP SL AT 3375-3340 LEVELS . KEEP IT FLEXIBLE .
NOTE: PRICE MAY COME DOWN TO 3375-3340 LEVELS BEFORE GOING UP...
THIS ANALYSIS OF WIPRO IF FOR NEXT 3-4 TRADING SESSIONS.
WIPRO IS FORMING HEAD AND SHOULDER PATTERN ON 2 HR ,4 HR TIME FRAME.
WE HAVE FOUR DAYS OF LEFT SHOULDER FOLLOWED BY HEAD AND NOW FORMING A RIGHT SHOULDER .
WE HAVE A NECKLINE AROUND 218 LEVELS AND PRICE MAY TOUCH THAT LEVEL AGAIN BEFORE COMING TO LOWER LEVELS. ie 212 AGAIN.OR IT MAY FALL STRAIGHT.
THIS , ANALYSIS OF ITC FOR NEXT 3-4 TRADING SESSIONS.
ITC IS FORMING BEARISH FLAG LIKE PATTERN .
ITC FACES RESISTANCE NEAR 195-201 LEVELS . UPPER MOST RESISTANCE (ULTIMATE SL) IS AT 205 LEVELS .
PRICE ON CLOSING 187.
THE PRICE MAY CONSOLIDATE LITTLE NEAR 188-192 LEVELS BEFORE COMING TO DESIRED LEVELS OR IT CAN STRAIGHT FALL .
BOTH THE SITUATIONS ARE ON .
Sail has formed a trendline and its near demand zone. If this zone holds the price and trendline is broken then sail can see an upside towards 33-55 levels. wait for a breakout with high volumes.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
AS PER THE PREVIOUS VIEW ON RELIANCE (CHECK MY PREVIOUS POST )WE HAVE REACHED THE PRICE LEVEL OF 1535
BEING 8 SESSIONS TRADING UP 2 DOWN CONFIRMS BEAR ARE RULING NOW
RELIANCE FACES STRONG RESISTANCE NEAR 1576-1565 LEVELS
SHORT RELIANCE AT AROUND 1545-1555
TARGET 1. 1520 , 2. 1499 SL 1585
SENARIO 1. A-B
AFTER Q4 RESULTS OF BPCL POSTING NEARLY 1300 CR LOSS AND BEING STRAIGHT UP BY 5 TRADING SESSION ITS TIME TO TAKE A BREAK NOW. TODAY WE HAVE SEEN THE BIG RED CANDLE ON DAILY CHART CONFIRMING BULL LL NEEDS TO CALM DOWN FOR NEXT 2 3 TRADING SESSIONS .
BPCL FACES STRONG RESISTANCE NEAR 399-405 LEVELS
THERE ARE CHANCES OF GOING BACK TO 390 LEVELS TOMORROW BUT
Hello Trader, Here is the full analysis of MOTHERSUMI:
1) On the Daily chart we can see it as formed butterfly pattern and is inside raising wedge ( Bearish pattern ).
2) Price is testing a strong resistance zone and can test this zone for up move and if it fails then on the basis of butterfly and strong resistance one can look for short.
How can you support...