Escorts moving a narrow range since 3 months.
There are trapped buyers who entered after 1900 level breakout, but the breakout failed which was much expected as stock had already rallied continuously since 1200 levels.
In last week stock corrected with market, but the dip was aggressively bought and stock came back in the 1800-1900 band. While doing so it tested...
Recent days in media stocks blasting up-side frequently. Its more of intuitional buying because every rise on the price equally increasing volume also. This the sector under perform comparing to other sector, expecting to out perform.
Zeel is leader of this sector, last year decreasing it's debt gradually.
QoQ result improved.
Technical & fundamental is favoring...
Technical: Clear cup and handle break out, BO confirms volume.
Fundamental: Sales increased almost 150%, PAT, Net profit, ROE increased YoY.
Debt on equity increased but < 1.
Current Ratio and Quick Ratio also decreased but > 1.
Chance are very less for pull back so need to do splitting capital allocation. (For example current level 30%,...
coforge is facing price rejection around this levels
new comers might consider this as fresh breakout
but probably looks like will be fake breakout and will reverse sharply
waiting for reversal confirmation
this can be probable short candidate....
Do not trade in between 35910 - 35605
Buy Above 35910 for the Targets marked on Chart
Sell below 35604 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price...
Bank nifty is stuck in a range. either side break can trigger a sharp move.
on weekly & Monthly chart it is still positive.
Below is weekly chart. As it is still above 20 SMA view is positive.
Risk Traders can go long here as Bank nifty is available at lower end of the range by keeping stop loss ( day low ) below the lower end of the range & today there is a...
Clear Ascending triangle visible.
Stock in continuous uptrend. Higher high higher low structure intact.
Pattern Preceded by such healthy uptrend increases the probability of breakout and pattern to work out.
There 2 strong hammers at the trend line. Indicating a good support on trend line.
Set up is invalid below the low of the hammers.
SL level 830. Risk...
MARKET ANALYSIS AND PREDICTION FOR 29.07.21 (THURSDAY ) EXPIRY ON 29 JULY
* NIFTY 50 *
SUPPORT AREAS RESISTANCE AREAS
1ST SUPPORT AREA :...
Reliance cmp 1840 :- 1830 is strong support levels.. with stoploss of 1795 on closing basis counter can be bought for targets of 1950-2000-2050
If breaks and close below 1800 can go short with stoploss of 1830 for targets of 1700-1650-1600 levels..
Trendlines and levels are marked. MFSL today formed a breakout pattern to achieve ATH Levels. Trendline was quite significant as it was tested 8 to 9 times in the past. CNXFinance already ATH . Can go long. CAndle is bullish and huge volume spike!