Bank Nifty LevelsBank nifty support and resistance level for the coming week.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Nsestocks
HDFC LIFEAs per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.
RIGHT SHOULDER LOOKS INEVITABLE ......!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.
WIPRO HAS RESISTANCE NEAR 221-225 LEVELS
SHORT WIPRO AT 212.5 AND BELOW FOR THE TARGETS OF 205-204.
DO SHARE IF YOU FIND THIS USEFUL.DO COMMENT AND SHARE YOUR OPINIONS
ITC GO SHORT ... CONDITIONAL SELL ONLY BELOW 185..!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 .
EASY TARGET FOR ITC 182 .
BUT WE DONT DO EASY TARGET SO LETS TARGET FOR 178 FIRST THEN 174 .
SL WILL BE YOUR RESISTANCE LEVELS .KEEP IT FLEXIBLE .
HAPPY TRADING AND KEEP SUPPORTING .DO SHARE THE POST IF YOU FIND IT USEFUL .
DO ASK QUESTIONS IN COMMENT SECTION .
BAD Q4 RESULTS OF BPCL CAN NOW BE REFLECTED IN PRICE?GOING DOWN.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
WHEN AGAIN ,IT COMES TO 380 LEVELS BE READY TO SHORT
SELL @377.5
TARGET 361
CONDITIONAL SELL
SL 390
IN ALL THE SCENARIOS RELIANCE GOING DOWN...!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
2. A-C-D-E
3.A-C-D-F-G
2- 3 TRADING SESSIONS
Sail Breakout TradeSail 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.
POSITIONAL LONG ON BK OF BARODA(NSE) !!!This analysis is only for educational purposes, Invest at your own risk!
Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR.
The price may soon rebound an open an amazing long positional position.
The trade can prove to be good for positional traders who are agreeing to lock in at
this price and wait for the price the head in the north direction
Traders should get in only when the price rebounds and not before that.
The Stop-loss should be placed bellow the lower support line i.e. below 26 INR
Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits
Any kind of criticism is highly appreciated !
CHEERS!
MOTHERSUMI technical analysis. Possible down move.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 me:
1) Like my idea.
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Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
MINDTREE 1 hr analysis. Possible downtrendHello Trader, Here is the full analysis of mindtree:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
Hello Trader, Here is the full analysis of MINDTREE:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
AMBUJACEM 1hr analysis. Possible down moveHello Trader, Here is the full analysis of :
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is near strong resistance zone and can test this zone for up move and if it fails then on basis of Crab and strong resistance one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
Asian Paints wave patternAsian paints has completed 5 waves. now moving towards A.
Expecting a further fall till it recent lows with next week before rebounding to C.
TVSMOTOR - Trade based on trend Above 315 - can expect upside upto 330
Below 305 can expect downside upto 290
Raymond - Bearish/weakRaymond currently formed bearish marubozu pattern and below 262 level ,
we can expect good downside ... upto 245 levels.
Long on Bharat ForgeOn a daily charts, on Friday, Bharat Forge gave closing above its support of 274. So one can go long in Bharat Forge for a target of 335 and above with a stop loss of 265
As Predicted, EICHERMOT bounced from the support Area.The price went down to important support area and couldn't break it. Bounced immediately.
It will go high for another 1500 points .
Shorting opportunity PFC 1H time frame.Shorting opportunity PFC 1H time frame.
Reason.
1. RSI divergence
2. Price made higher high and touched upper resistance line.
Target 1st 122.80 and second 121.35.
APOLLOTYRES, I believe the worst is left behind now.Had a corrective 5 wave fall on higher time frame, now doesnt look like its falling any more, Unless there is some unaccounted news (which obviously is always a risk in the markets) It will continue to rise.
Yesterday there was volume buying, today its showing a 61.8% retracement and holding it so far. I cannot guarantee about the Time-To-Targets, but I strongly believe that it should stay above the cmp. A sl mentioned on chart should be maintained.
Note, This is not a recommendation. Do your analysis and calculate your individual risks/
P.S, not my regular zone trade.
Do you want footprint of GRASIM?NOTE: IF YOU ARE PLANNING TO TRADE , I WILL WORK FOR DAILY TIME-FRAM E AND 30-MINUTES TIME-FRAWE FOR GETTING ACCURATE NUMBER TO TRADE. Kindly, say in comment section.
1) The primary trend is up .
2) The remarkable point is price rotation which is a sign for you to trade in which direction.
3) Volume gives hit of your direct right or wrong
4) Observation area should require to watch carefully.
Conclusion: Buying is good on this stock to compare to short. Presently, if it is an up-breakout will show us price rotation and volume will be lower.
Ashok leyland Ashok leyland in a asscending triangle
Also 50-200 ma cross over
Targets 90 and then 100
