The Bank Nifty is currently at a decisive crossroads, presenting a compelling opportunity for traders. The index has formed a double bottom pattern and appears to be breaking out of its channel, which typically signals a bullish reversal and the potential for significant upward movement. This setup suggests the possibility of substantial gains if the breakout...
Ipo based breakouts always works good when it breaks the first day high, but while trading such stocks we need to keep watch on the movement of the stock when it breaks the high. if breakout don't sustain it can leads to lose. and if it sustains there is high probability of good returns in few days. This is just my own opinion, trade using your own strategies and risk.
The stock is currently trading at the support level with an INVERTED HAMMER. Can give a good move from this level. Can start booking your profits from 10% returns. DO NOT TRADE IF BREAKS THE TREND LINE. DISCLAIMER - Analyse yourself before investing. HAPPY TRADING
Price analysis & Overview: 1. Price has taken support from an important fib level. 2. Voumes are good. 3. Earnings are super. 4. RRR is attractive 5. Overall sentiment is weak so, the trade can be risky but since RRR is good it is worth the risk. 6. reversal pattern in DTF. Trade Plan: 1. Entry: 2310 Closing basis 2. SL: 10-12% 3. TP - 1:2,1:3,1:4,1:5 - Stay...
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 50660-50460-50310-50030. ❇️ Resistance : 50890-51090-51250-51370-51560. 👉🏻 PURPLE LINE : 50890 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
Aditya Birla Sun Life AMC Ltd has given ATH breakout after almost 3 years. Company belongs to high growth AMC sector and is available at decent valuation. Rising volumes is a signal of a big bull run which might be coming in next few months. Rounding bottom breakout of ATH normally give explosive moves. Keep in watchlist. Not a recommendation. Please do your own...
Date : 20-Aug-2024 LTP : Rs. 2,991.90 Targets: (1) Rs. 3,217 --> (2) Rs. 3,434 SL : Rs. 2,768 on daily close basis Technical View: • NSE:RELIANCE is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 3,217.60 on 8-Jul-2024, it has retraced 11% to 2,866.50 level. • On 19-Aug-2024, NSE:RELIANCE ...
Multi-Year Break-out with a Potential Upside of 60%.
NSE:SURYAROSNI Triple Top Formation Price Fall Volume Flat Volume Buildup Price Up Need Closing Above 718 then we can expect good upside move Risk Reward Good
The price level of 1100 has historically been a key psychological threshold, often influencing market sentiment. In the past, the chart structure has typically prompted swift decisions within this range, leading to a shift in sentiment within a week or two. Recently, the stock surged to a high before undergoing a sharp correction, eventually bottoming out near its...
Given breakout from downward sloping triangle High volumes observed Breakout untill fib retreacement levels
Good results, good pattern You know it will get there Target - 4531
After good results this stock fell to form this pattern and buyers came in earlier and has formed a beautiful cup with handle pattern with a superb target of 4531. It will get there, soon.
Welspun living formed cup and handle pattern now stocks breaksup and retest completed.
Stocks moving up post breaking out of the last ATH of 1075 in March 2015 convincingly. Targets are fibo levels 1179/1265/1327 on monthly basis. Backed by Good Results and focus by government should do good. Hold for a quarter to achieve the targets. Please do your fundamental research before investing
Godfrey Phillips (GODFRYPHLP) - Bullish Outlook The stock has broken out of a multi-year consolidation range between ₹1,000 and ₹2,250, triggering a strong uptrend. Current price action is trading near ₹5,845 with significant upward momentum. Key resistance around ₹6,000, with potential for further upside if this level is broken. Strong support levels at ₹4,800...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Head And Shoulder Pattern Formation in ONGC. Price Might Broke Below as there are low volumes and no Bullish Momentum. There are Bearish Divergance in RSI Too. But Taking Baout the Support Level it has retested this level Sevral times, so Taking any sort of LONG or SHORT entry Seems to be Risky.