right now all the niftyfmcg high weightage stocks have almost come in the demand zone. maybe a good rally can come from here. 1. now the price has come in the demand zone of the monthly location and daily execution level. 2. another zone below this zone which looks very nice.
BANKBARODA has formed an Inverse H&S pattern on intraday timeframe after a minor downtrend. Aspiring intraday traders can keep it on watch for couple of days. If it breaks neckline with strong volume, can be taken as an intraday opportunity.
RATEGAIN is forming a bullish pennant pattern after breaking out from double bottom i.e. trend reversal pattern. Few weeks earlier it rose sharply after breaking double bottom pattern and now this vertical rise can be considered as flag. The stock is now consolidating, volumes are also drying and moving eastside towards apex point of pennant. Intraday traders and...
Stock has taken the support from the demand zone and gave a BO with a good volume. Wait for PB and enter the stock.
JINDAL STEEL forming the triangle pattern, waiting for the breakout. if it closes above the Resistance line , bullls might take charge, if it closes below the trend line support , bears might take control. Right Now we cant decide the trend, we can decide only after the breakout. And we have to be careful with False breakouts. Purely Price Action.
Nifty will open a gap down today. if it breaks the 17750 level then strong downside movement is possible. if it wont breaks this support then upside movement can possible #nifty #optiontrading #tradegainx
today bank nifty will open the gap down. if it breaks the 37500 level then 300-400 long downside movement is possible. if it doesn't break the 37500 level then upside movement is possible. #tradegainx #optiontrading #banknifty
This stock broke the all time high after the 6 months and it made build up and moving forward to full bullish move and volume is huge to our conformation.
This stock broke the consolidation of 6 months and now can buy this stock with the proper StopLoss because it may come for retest or build up ,so by following risk management we can make a move towards it and we have huge volume conformation tooo.
Coal india is forming Cup & Handle pattern in daily time frame RSI is above 60 and its Bullish view Positive Relative Strength
After making W pattern, price has given breakout at flag and pole pattern. The scrap can be bought at current levels for tgt of 170 for swing trade.
Price has broken the resistance of 56.5 levels. The scrip can be bought for targets till trendline for swing trade.
NSE:ITC ITC breaking the trendline, looks good on the monthly charts as well. Will it go-through ?
Nifty can be traded on breakout or reversal based on the priceaction near this TL on daily chart.
Strong breakout on clb in Bank nifty daily chart. Next target can be achieved immediately approx 600 points ahead.
There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA Risk and Reward is 1:2 . Also double comformation is giving by support and resistance area . Trade must go on for one week or so .
Script showed a real nice break of bearish structure to bullish structure. A momentum move can be played above 220 levels with 3-5% of SL. Happy Trading :) Disc: Chart posted only for learning purpose.