NSE:TATACHEM #NSE:TATACHEM shared and it bagged 22k profit, wish everyone bagged good money. Do follow and like for regular market analysis. Other 7 More stocks which I shared were blasted today, do check my signature for complete details. Happy LEarning !!
NSE:NIFTY Head and Shoulders pattern been cited on 15 min TF chart. I have already taken the trade. Thought of posting it here.
1. A major trend line breakout happend 6 weeks back, after that continuously in a strong uptrend. 2. On 2nd November it breaks its all time high of 281.35 and closed at 288.10 with a strong bullish candle of 6.23%. 3. Today stock pickups the momentum after the successful retest over the level of 281.25 Details : Buy range : 296-306 Stoploss : 275 Target : 396...
Price action suggested a weakness in the index, hence continued to add more option selling at 14800 CE and bringing the hedge down from 14900 CE to 14850CE, thus reducing the risk in the trade and improving the risk-reward. Gap up opening was a bit of a scare initially for the Call sold position, however there was no decisive upmove which was a saviour.
Trend continued to be in bearish territory on back of EMA (20 EMA below 50 EMA). Recent correction from the resistance of 140 level where roof of the downward trend line hovers. On contrary, as MACD above zero expect the price to find support around 120 levels. In the recent past, the price comfortably found support around the same level twice. Expect a bounce...