Medium Term : Vodafone IdeaTrading near Demand Zone, Volumes Drying up as price is coming down
Looking good to Enter CMP and add more on Dips at Zone for 12.90 20+ Targets
Exit if Demand Zone is Violated
Nsestocks
WIPRO on 15 min chartSame analysis for Wipro again. If we look at the end of the day, we can see bear in control but that trendline support is too strong. Wipro can give reversal signs from support and if open up with gap down, I have put a trend line that can act as future support based on price action. Trade safe.
Wipro on 15 min chartWipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement.
SUPPLY ZONE
200 MA LINE
FIBONACCI 61.8% level
RELIANCE ON 15 min ChartReliance on 15 min chart has been trading below 200 MA and for the previous day it closed exactly blow 200 ma indicating a good reversal signals.
Reason why Reliance can give reversal from current price because it’s also respecting the 50% Fibonacci levels.
Abbot india chart analysis-long above 15000 Please consult with your advisor , I am not recomending here anything.
Just sharing the price action for Abbot india and its upcoming chart analysis
BASF Rounding bottom patternBASF has formed a rounding bottom pattern in weekly TF. Need to close strong above 2300 level for further momentum in short to medium term.
Kotak Bank - Head and Shoulder Breakout Kotak Mahindra Bank making a Head & Shoulder Pattern, closed on a very critical support level i.e. 1939.
Can give a good breakout if Bank Nifty Breaks tomorrow and the market sentiments act negative.
Have given both the levels for buy and sell. If it takes support from the line of support tomorrow also for 15-20 mins go long.
If the support level is broken and starts acting as resistance go short.
Please let me know your suggestions as well.
Thanks & Regards
Hritik Kaushik
SHREYASShreyas Triangle Pattern Breakout with Huge Volume.
Kindly do your own analysis before taking this trade as this is a less volatile stock.
Comment your views on this.
And Follow for more Updates.
Bharti Airtel For- 22-02-2021Bharti Airtel Test 575 more then 4-5 Time in DownTrend With Strong Up Side Trend line Resistance Following
We Can Short Below 575
Target As Mention In Chart
This is Educational Purpose Only
BPCL Bullish for swing or short term Trade.NSE:BPCL
BPCL on daily chart looks bullish for swing or short term trade.
On daily chart of BPCL after price rejection from 436 on 9th of February 2021 it did not received proper follow through for selling and went sideways for few days.
On 17th February 2021 though it made Gap Down opening which at that time seems like good opportunity for seller but if you observe the daily candle of that day its seems sellers were weak and they didn’t managed to keep the prices lower and hence day closes near the high which indicates that there is very less supply in this stock at least for now.
Result of which we are seeing today is stock prices are moving higher and day’s closes likely to be near its high which is going to be good opportunity for swing or short term trader. But one can prefer to wait for a breakout to the resistance level of 436.
SL for this trade is going to be at 375 while targets being of 480 and 520.
Axix Bank Short Trade For 15-02-2021 Axis Bank SHort Trade For 15-02-2021
S/R Breakout On 15 Min Time frame
For educational Purposes Use Only
Im Not SEBI Registerd
SunPharma Stock Good Trade Setup For 12-02-2021SunPharma Breakout Trade For 12-02-2021
S/R Breakout On 15 Min Chart
For educational Purposes Use Only
Im Not SEBI Registerd
TATASTEEL, The following points are confirmation for U-Turn.The following points are confirmation for U-Turn .
The volume will decrease if stock wants to change the direction OR, Volume will be average vol.
We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-tren d, but time-Cycle(iii) is the negatives in time. The previous support can be convert into current resistance 490 nearby .
From footprint of the daily chart will give very clear picture of this stock.
Long in MCDOWELLMCDOWELL had just broken out and closed above the resistance trendline in daily timeframe. One can use this opportunity and go long by opening or wait for a retest and reversal around 625 ranges in hourly timeframe. Target for this breakout shall be 665 to 670 ranges and SL to be maintained is 614 ranges.
BPCL with a CUP & HANDLE FORMATION?SWING TRADE OPPORTUNITY IN BPCL
As you can see in the image above that BPCL has broken out of a CUP & HANDLE formation and has come to level which is very favourable level to go long.
A Cup & Handle formation usually comes with its own Targets, which is, the price difference between the neckline of the cup to the lower circumference of the cup. As shown in the image above.
To be on the safe side of the trade, we have taken the Inner Circumference into consideration and not the Outer Circumference for the Price Range , so that we are able to gauge the targets better.
The First Target for this trade is around 450 price levels , the Second Target is around 465 price levels . We can maintain a strict trailing Stop Loss with it starting at 380 . if the trade is succesfull and reaches its 1st Target we get a favoyrable Risk:Reward ratio of 1:3 .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.
Housing DFC 30Dec2020 Target and direction mentioned in stock .
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@Note : For practice purpose only , refer to your stock broker before implementing
Reliance Target for 28 - 29 Dec 2020Target and direction mentioned in stock .
Please like ,share and subscribe if you like the idea.
@Note : For practice purpose only , refer to your stock broker before implementing
BAJAJFINSV BAJAJFINSV in a small range.
Fibonacci--> BUY signal on Daily Chart
Support & Resistance --> wait for breakout(either upside or downside)
