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Trading further downtrend in TECH M through swing in PUT optionBasic Technical Analysis - 1. Scrip is in a downtrend, following a parallel channel on Daily TF. 2. Recently gave a breakdown from a long term (June'20) trendline. 3. Bounced back from higher TF (weekly) demand zone after breakdown. 4. Other marked DZ (green), SZ (red) levels are respected. 5. 2nd demand zone & approaching 200 EMA might now act as resistance in short term. Trade a 75min supply zone b/w these two higher TF demand zones. Options Trade - 1. ENTRY / TARGET as per spot chart - 1325 / 1275 2. SL using spot chart - 1350 3. RR - 1:2 4. Strike Price - TECHM 26 MAY 1260 PUT (little OTM having good OI) Other considerations - 1. Select strike price & set SL according to option capital needs, your risk appetite & market sentiment at ENTRY. 2. Time based SL not needed as this trade has the possibility to get over in just few days. Still can keep 50-55% of ENTRY - SL (in spot chart) as your SL. 3. Tech Mahindra Q4FY22 earnings is on 12th May'22.
NSE:TECHMShort
by ht_rohit
2
Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :- T1 - 16404 T2 - 16375 T3 - 16352
NSE:NIFTYShort
by pareshdevnani
Divis Lab Analysis !! Broke Out📈 Divis Lab 📉 This broke out from a Resistance Zone of downtrending Trendline and closed above previous high of 4450. On Buy Side I am looking for Targets of 4680, 4940 and 5370. 
 StopLoss should be kept below 4200-4300zone. It offers 1:3 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:DIVISLABLong
by ShelendrAgrawal
PI Industries Analysis !! Broke Out.📈 PI Industries 📉 This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2680 . On Buy Side I am looking for Targets of 3090, 3338 and 3500. 
 StopLoss should be kept below 2600-2620 zone. It offers 1:3 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:PIINDLong
by ShelendrAgrawal
2
Trent Analysis !! Broke Out.📈 Trent Ltd. 📉 This broke out from a Resistance Zone of 1175-1200 and closed above it . On Buy Side I am looking for Targets of 1400-1450. Target Calculation = 2*(Resistance Level - Last swing low)
 StopLoss should be kept below 1125-1150 zone. It offers 1:2 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:TRENTLong
by ShelendrAgrawal
Alkem Chart Analysis !! 📈 Alkem Lab Ltd. 📉 Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis. On Buy Side I am looking for Targets of 3750-3800 zone followed by 4000-4050 zone. StopLoss should be kept in 3375-3425 zone. It offers 1:4 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:ALKEMLong
by ShelendrAgrawal