Taking support from EMA200 (Daily time frame).
Bullish channel formation (Hourly time frame).
Once EMA200 (Hourly time frame) is broken, entry can be considered.
From option chain data we can see
Almost ~65 lakhs contrancts were sold in put side as on 27/12/2021 between 34500-35000
So this range is a great support and market will not break this so easily.
Whereas,
If we see at call side between 35000-35500 almost ~60 lakhs contrancts were sold so this range will be the resistance level for this last exipry of banknifty...
After many consicutive days of bear rally market is sustaining between 34000 to 35000 from 1 week and this week very important for market if this week market gives closing above in 35500 then we will see a great up/bull rally in market.
If market gives closing above 35110 which is given in image then then,
targets for 28/12/2021 is given below
Target 1-...
REDINGTON after announcing good YoY result yesterday opened with a gap up and is trading above all R3 (Fibonacci).
it has entered into a pervious channel that i had marked before the Small-Cap fall that happened on Wednesday.
today it took support at the lower green support line and moved back up.
also DAILY Heikin Ashi shows strength.
keep an eye out for a...
For Educational purpose
DATAMATICS :
Rounding bottom formation
BO done by breaking neckline
Support retested
It can go to 155 with Support 126
TG 2-3 Weeks
@TheCharts
Dtd 12th May 2021
CHENNPETRO
> Daily Chart
> If open and sustain above 127.75 by Monday.
> Good Volume
> Reversinge from low level
> Promotorr holding 67.29, DII increased holding from 4.91 to 6.55 (Mar21)
> CMP 127.45. Good to enter till 124 during.
> Suport 114 on closing basis
> May go 164
Dtd : 23rd May TheCharts
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Disclaimer
I am...
For Education only
SWARAJENG
CMP -1550
Swaraj Engines belongs to Mahindra Group.
Last 3 quarters result were fabulous
Debt Free : Near BO
Dtd 16th May
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
For Education purpose only
Monarg
Perfect BO done last week,
Successfully retested support.
Bounce from support
Superb Volume,
C&H pattern.
Dtd 9th May 2021
ITC IS BEST IN FMGC SECTOR
AS PER MY OBSERVATION ITC CHART IS MAKING A POLE AND FLAG PARTTERN
WHICH IS A VERY GOOD UPSIDE SIGNAL FOR TARGET OF 230 240
HOW EVER ITS A GOOD COMPANY TO KEEP IN LONG TERM PORTFOLIO
MY SHORT TERM TARGET 230 240
LONG TERM TARGET 300 (MARCH2021)
STOP LOSS 207 .
FIRST STUDY THEN INVEST.
HAPPY TRADING. :)
Keep a watch in the movement and buy only when you see a bullish momentum candle.
Logic :
1. It is at the all time support zone .
2. Closing happened with a green candle and a long wick in the downside.
3. It is in oversold zone in RSI (<30).
Setup :
1. 15mins Chart Time.
2. Target : 108 (Next resistance)
3. Stoploss : 104 (Little lower than the previous high...
Breakout from Channel
Safe players can buy at 765 & above
Can be bought if it Retests at the breakout levels
Buy at 720/725 levels
Stop Loss 650 Levels
Target 765
Target 820 levels
Perfectly adhering to the trend line
Bullish View if sustained above 950 in 1hr TF
Can be bought at CMP levels
Target 1020/1030 levels
Stop Loss 875 levels
it is a time to break out .
if a day closing is above 201 points, then definitely it is a chance to by and watch the positive rally
strong resistance is 201 points.
time to add further more shares to portfolio.
time of bulls. sit and enjoy the ride. .
Disclaimer note: only for study and analysis purpose.
