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Pricaction

Escorts Ready for Sharp MoveEscorts 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 the 20 SMA. As the stock has given a good time correction of 3 months and also sustaining above the 20 SMA, trade can be initiated on long side. Even the Risk involved is less SL around 1700 levels which is mere 8 % form CMP Given the previous move since 200 levels the stock can give ferocious move as the stock looks it is in the later stages of the up move. To conclude Risk reward is extremely favorable!
NSE:ESCORTSLong
by varadtambolkar
1
Expecting blast again in upside - ZEEL (Channel BO) 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 to give up move quickly. Note: It's educational purpose not for recommendation.
NSE:ZEELLong
by prabu_view
Chance for multi-bagger in IT sector (Small cap)Pros : Technical: Clear cup and handle break out, BO confirms volume. Fundamental: Sales increased almost 150%, PAT, Net profit, ROE increased YoY. Cons : Debt on equity increased but < 1. Current Ratio and Quick Ratio also decreased but > 1. Note : Chance are very less for pull back so need to do splitting capital allocation. (For example current level 30%, Next retracement-reversal 40% and retracement - BO 30%) Disclaimer : Education purpose, do your own analysis before buy/sell.
NSE:PALREDTECLong
by prabu_view
2
BANK NIFTY ANALYSIS FOR 18-08-21Do 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 Action ** Only for Educational Purposes ( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines ) PLEASE DO LIKE , COMMENT OUR POSTS .
NSE:BANKNIFTY
by ULTRA-TRADER
Bank nifty Range Break possibilities.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 big lower wick. If the range breaks on downside, avoid if there is massive gap down or big fall & wait for pull back to short. Be quick to book profits at below given trend lines. as overall structure is positive. Overall my view is still positive. Because there is not a structural breakdown on long term charts. Weak structure & Price stability below 20 SMA on weekly chart will be a caution sign for me
NSE:BANKNIFTY
by varadtambolkar
1
Trent Ready for a new high.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 10%. Stock is contracting since few days. ( check below image ) Expansion mode will begin soon.
NSE:TRENTLong
by varadtambolkar
6
** NIFTY & BANKNIFTY TRADE SETUP FOR 29 JULY || EXPIRY DAY ** MARKET ANALYSIS AND PREDICTION FOR 29.07.21 (THURSDAY ) EXPIRY ON 29 JULY ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS RESISTANCE AREAS --------------------------- ----------------------------------- 1ST SUPPORT AREA : 15677.55-15658.45 | 1ST RESISTANCE AREA : 15752.20-15773.55 2ND SUPPORT AREA : 15617.90-15631.65 | 2ND RESISTANCE AREA : 15820.85-15839.70 3RD SUPPORT AREA : 15567.70-15582.20 | 3RD RESISTANCE AREA : 15876.90-15897.50 PIVOT AREA : 15709.95-15725.70 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 34356.55-34433.45 | 1ST RESISTANCE AREA : 34578.15-34646.00 2ND SUPPORT AREA : 34116.90-34220.90 | 2ND RESISTANCE AREA :34845.00-34926.40 3RD SUPPORT AREA : 33836.50-33931.45 | 3RD RESISTANCE AREA :35116.35-35206.80 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : LETS KEEP THIS SIMPLE . NIFTY EXPECTING TO BE CALM . BOUND IN A RANGE AND TO BE FLAT. MAKING EVERY OUT OF THE MONEY CALL AND PUT TO ZERO. SAME FOR BANKNIFTY. --------------------------------------------------------------------------------------------------------------------------------------------------------------- Jai Hind. THANKS FOR WATCHING THE VIDEO . Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTY
by Shruti_Advisory