JSW STEEL LOOKS GOOD FOR TOMORROW ! WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE. IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION ! TRADE WITH PROPER RISK MANAGMENT ! FOLLOW FOR DAILY ANALYSIS
TECHM LOOKS GOOD FOR TOMORROW ! WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE. IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION ! TRADE WITH PROPER RISK MANAGMENT ! FOLLOW FOR DAILY ANALYSIS !
BHARTI AIRTEL LOOKS GOOD FOR TOMORROW ! WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE. IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION ! TRADE WITH PROPER RISK MANAGMENT FOLLOW FOR DAILY ANALYSIS !
LT LOOKS GOOD FOR TOMORROW ! WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE. IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION ! FOLLOW FOR DAILY ANALYSIS
Weekly bottoming structure formed. Bullish volume support. Above 200 EMA in Daily BUY for positional and / or investment.
Looks good bottom pattern at LTP 534 for 688 800+
Selling pressure drying up as it is approaching balance, Long CMP till KS Targets Marked on Chart
Looking at OI data, FII & DII data we can expect some up move in NIFTY. Dow Jones is trading at +350 points while posting this. Talking about lockdown news there is been some ease with the rules. Looking at overall sentiments we believe we can see some positive move up. Targets are set by Fibonacci levels. We have also drawn the red box which indicates the range...
INFY on hourly chart is sustain above 200 EMA indicating that stock is still in uptrend. Also observing closely we saw that 200 EMA and Fibonacci 61.8% acted as a very strong support for the stocks. Now talking about oscillator, MACD is giving a really good Divergence between price and momentum. Macd divergence with reversal from levels with good volume is...
ASTRAL is looking for strong buying opportunity to take the move to the upside. Expecting to reach at 2400.
We forgot to mention about Adani ports. Few days back and we told that stock has made ascending trainable pattern and breakout on either side will give good directional target. Targets achieved. Adani port is in news after S&P index has decided to remove the stock with it links with Myanmar military. We can see some fall in upcoming days if markets reacts negative...
SBILIFE is trading above 200 MA with increase in volume too. We look forward as 910 as our first target & 920 as our second target for upcoming days.
Nifty bank is trading below 200 ma and 50 ma acted as a strong resistance for today session with Fibonacci 38.2% level too. BNF is also making W pattern or we can see Triple bottom pattern which is a trend reversal pattern. Wait for the trendline to break above for buying setup. Trade safe.
Tata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is...
It seems that NMDC is respecting the weekly support line also the same area is in the range of 50MA and 0.5 Fib level of previous swing. If it again correct itself from weekly support line there is a good chances that we can see the breakout.
Federal bank has been trading below 200 Ma. According to the price action we can see a falling wedge pattern which is a uptrend continuation pattern. Plan your trade accordingly. Look for long setup only after breakout of Wedge pattern.
LONG - Mostly all of the index, stocks are trading near the Gap up area that was occurred with Budget day news. We think it’s very very crucial support because it has been tested multiple times on smaller as well as bigger timeframe. Very crucial situation but there’s few points that indicates that we can see reversal from the current price. 1) MACD DIVERGENCE 2)...
We are still long on NIFTY50 but we wanted to post for selling scenario too. If Nifty50 doesn’t sustain the bullish pressure near the gap fill area and break the support , we can definitely see NIFTY50 in bear mode. Plan you trade accordingly. Because there’s no immediate support and Nifty50 if falls can give you 400-500 points.