As the price is already in a downtrend, now we have a fresh breakdown. A short trade of 5% to 6% can be planned here. What are your views on this short setup and which level is best for technical stop loss ? Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Hindustan Foods is on radar due to heavy buying and a breakout ready stock. On daily time frame it is showing it can retrace downside level of 500-490. Short term targets like 570-600 can be achieved soon. NOTE: I'm not a SEBI REG. Study charts before investing.
Date : 23-06-2024 ------------------------------------- SWING & BO RESEARCH TO OBSERVE USK Looks Good ABOVE 72 SL 39.25 Target 84, 100, 116, 164 Hold few weeks Please consult your financial advisor before investing All research for educational purposes only.
AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that. For short term the stock...
The chart you've shared is a technical analysis of the NBCC (India) Ltd. stock on a weekly timeframe. Here's an interpretation and analysis based on the chart: 1. **Chart Pattern**: - **Cup and Handle Pattern**: The chart appears to show a "cup and handle" pattern, which is a bullish continuation pattern. The cup is formed from 2020 to 2024, followed by the...
As per Elliott WAVE theory if the HDFC bank is running impulsive WAVE 3 and then it is yet to form wave (v) of wave 3. For that it need to move higher than recent high of 1681 and as there is trendline resistance around 1687 so most likely HDFC bank will face lots of resistance in the range of 181-1700 and will come down a little bit in the form of WAVE ABC -...
stock trading below 100ema and near support level 700 a strong support zone and if breaches then 691-640 levels can be seen if takes 691-700 support then a big upmove. for intraday on 30mins timeframe a head & shoulder pattern may form.
Currently at the lower end of the Trend line on Monthly Chart. In the long run, the share can easily give high returns..
Trend: As expected, last week was very eventful with wild volatile moves. Nifty has given a very strong ATH weekly closing near 23300 by forming a hammer candle(hanging man) in weekly time frame. It means that bulls have crushed & empowered bears completely. Next week should be However, the exit polls seemed to be a perfect bull trap and the crash was a bear trap....
RIIL is in pretty good setup -recovered fast from 4th june big red candle -signal candle (yellow arrow) >5%+ move with >1M+ vol, suggesting institutions are buying -after vol low period in setup, vol kicking in -tightness
As we can there is a false breakout and in the selling zone sellers are active now sma 50 indicates selling as well as Sma 200 in 30 minutes 1 hr time frame. there will be increase in the trading volume zoon
Movement above 500 can lead to stated targets. SL : 440 (base) (Will trail acroding in line with Targets
Fundamentally Good, Technically Promising - Swing Trade opportunity has gone however we can still expect some positional gains.
As we can see NIFTY managed to sustain itself at higher levels despite weak opening and achieved new ATH despite we were planning for short side. Now that we can see NIFTY has breached the structure and sustained itself at higher levels, Only opening could lead to further moves. If opens weak then we may again see NIFTY whirling inside the structure leading to...
Stock with always a strong momentum is in a breakout region. Once the stock breakout at the 478 level and sustains this week, there could be a positive uptrend for this stock with easy RR of 1.45.
Can see beautiful DOUBLE bottom pattern GO long in DJI PERFECT TAKING support from the neck line looking very bullish and even price confirmation Put to ur sl - below day low (live trade) if u dont have forex acc or any question fell free to text FOLLOW for more insta - Faizxgazi snap- fayz_13
Entry: 2100----2120 Strong SL : 1954 1st Target: 2334 2nd target 2414 Its going to retest trendline support 4th time. So trade with strong SL.