Nsestocks
Zomato, end not in sightGiven that the current progression looks to be either an Impulse to the downside as Wave C or a corrective continuation, expect Zomato to see more fall in the short term.
Also any upmove for now be a pullback, hence allowing us to plan shorts from a swing perspective.
NSE NIFTY Is Preparing For Final Wave CNIfty is preparing for the final wave V of wave C of wave (C).
Price has completed the sub-wave (iv) of wave C.
Currently, we are riding on the impulsive wave V of wave C.
If the price breaks the low of wave iii, Traders can Expect the following target of 16110 - 15978 - 15856. After completion of final wave C, Price will start a bull run.
If the price fails to break this level, the price will reverse.
More bearishness will lead the price to the lower band of the parallel channel.
Flag and Pole Pattern in BSE - Daily Time FrameNSE:BSE
BSE is making strong flag and pole pattern on daily time frame. This pattern BSE was making from March start and completed the same in April last. Go for Long from here.
Current Price: 899 rs
Good Entry Point: 840 - 870 rs
Target: 950 rs - 1060 rs
Stop Loss: 800 rs
Probability: Positive for Long position
Risk Reward Ratio: 1:4
Volume Breakout: Massive. Around 10 times more than the average daily volume.
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
Nifty Bank next moves on 25MAR2022Black trendline crossed As I mentioned earlier chart which is attached below and Redline is another major diagonal trendline.
I'm on the Bullish side at this level, But I still can't decide exactly what the market will do.
If the market starts with a green candle it may retest to 35375, wait to reject confirmation candle to go upside or
if it crosses down this red line then it may reach to 35067
The above analysis is my view only. The market can turn any side anytime, depending on several factors so protective play is always safe.
Anyway, stay alert to come out if you are going to lose.
Never take risk all your Capital, Try to stay in the game by protecting your capital. Hope never makes you win, only Technicals and your mindset makes you win.
Note: I'm not a financial advisor or registered analyst please follow the expert's ideas also before you trade.
If you like or win from my idea please like and comment to encourage. Ask me if you want any chart analysis.
RELIANCE OPTIONS IDEA Bullish momentum is over now its time for bearish. 2460PE 31MAR2022 expiry will perform nicely. OI also good at this level.
The above analysis is my view only. The market can turn any side anytime, depending on several factors so protective play is always safe.
If the bull power is so high above the current price it must cross the gray box Supply zone. Anyway stay alert to come out if you are going to lose.
Never take risk all your Capital, Tray to stay in the game by protecting your capital. Hope never makes you win only Technicals and your mindset makes you win.
Note: I'm not a financial advisor or registered analyst please follow the expert's ideas before you trade.
If you like or win from my idea please like and comment to encourage. Ask me if you want any chart analysis.
ONGC futures trade IdeaONGC looks so good now with volume. It will come back to retest then will go upside. Wait for confirmation candle then enter with SL. Trading without SL is a bad practice. Always try to stay in the game. Never lose your control. Capital safety should be your main priority. Hope never makes you win.
This setup is invalid If it crosses down below the Scale.
ONGC Setup
Buy at 175.25
SL : 174.80
Note: This is my view and idea only, please check with other experts' ideas before you trade.
IF YOU LIKE THIS IDEA, PLEASE ENCOURAGE WITH YOUR LIKES AND COMMENTS.
Bullish view on TECHM (Tech Mahindra)TECHM's daily chart suggests that it has taken support at the same level as it has in the previous few days. Moreover, it has broken out of an upward channel and is testing it today with a gap down. Moreover, a look at the 14 day RSI suggests a bullish divergence taking place in the charts. If the price holds the upward channel and bounces off it, the price could go towards the next resistance zone at 1540 and further move to the 1680 levels.
Birlasoft shows Bullish Divergence on Daily Time FrameNSE:BSOFT
Birlasoft is showing bullish divergence on daily time frame. Go for Long from here.
Current Price: 469 rs
Good Entry Point: If close above 462 rs
Target: 505 rs (1st) - 570 rs (2nd)
Stop Loss: 438 rs
Probability: Positive for Long position
Risk Reward Ratio: 1:4
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
Tata Elxs trying to break a triangle pattern on Daily ChartNSE:TATAELXSI
In a triangle range from last 2 months. Either side breakout can give a good opportunity either in long or short. Keep an eye.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Tata Chemicals chart on daily time frame- Looks good for LongNSE:TATACHEM
Tata chemicals is looking good on daily charts . It has broken the trend line that it was following from last 3 months. So this is good opportunity to go long.
Current Price: 767 rs
Good Entry Point: 725 - 740 rs
Target: 835 rs - 850 rs
Stop Loss: 699 rs
RSI: 60 (Not in over brought zone)
Probability: Positive for Long position
Risk Reward Ratio: 1:4
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.