Uptrend Channel pattern reversal in DRREDDYSLAB.DRREDDYS LAB
Key highlights: 💡
✅On 1Week Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
✅ It can give movement upto the Reversal final target of below 4400-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3806-.
Priceaction
#NIFTY Intraday Support and Resistance Levels - 10/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18280 level and then possible upside rally up to 18400 in today's session. in case nifty trades below 18250 level then the downside target can go up to the 18130 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level. here reversal possible when market gets resistance 43450 level.
1D BANDHANBNK (Bandhan Bank) - Short Position1. Bearish Engulfing Pattern formed at S/R zone.
2. Another Confirmation is 50% Fib Retracement at S/R level that is strong zone than you think.
3. Oh...Come on EMA 150 act as Resistance.
4. Trendline got broken very well by Engulfing Candle.
5. First TP1 level price reached sell half of your stocks there.
6. Move your SL to BE for another TP2 level which you need to target that zone.
Thanks by
Pupathi Sadagopan
[INTRADAY] #BANKNIFTY PE & CE Levels(09/05/2023)Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
METROPOLIS Broken the falling edge pattern with Rising VolumeMETROPOLIS healthcare has given a breakout from falling wedge pattern. This can be accumulated between the range 1290 to 1320. Safe traders can keep the Stoploss at 1230. It will be good buying idea if sustains above the falling trendline.
Downtrend channel pattern breakout in METROPOLISMETROPOLIS
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of downtrend channel Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 1465+.
📊Can Go Long in this stock by placing a stop loss below 1255-.
Bullish pennant pattern reversal in BAJAJ FINANACE LTDBAJAJ FINANCE LTD
Key highlights: 💡⚡
📊On 1M Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 7349+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 13500+.
Broadening Wedge Pattern Breakout in Nifty 18930+ TargetOn Daily Timeframe, NIFTY indicating breakout of downtrend broadening wedge pattern near 17820 level. After this breakout expected strong upside bullish rally upto 18930+ target in short term(1-3 months). This breakout gives good opportunity to go long in nifty with stop loss around 17550 level. This pattern will be fail if nifty starts trading below 17550 level.
If nifty sustain above the breakout level then this trade can gives 1:4+ reward upto 18930+ level.
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1D BANKINDIA (Bank Of India) - Short Position1. Pinbar formed at S/R level
2. Fibonacci Retracement 61.8% confirms that S/R level.
3. Trendline is in perfect position for the pinbar which acts as trendline.
4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window.
5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and run another half stocks for freedom.
Thanks by
Pupathi Sadagopan
#NIFTY Intraday Support and Resistance Levels -08/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18100 level and then possible upside rally up to 18230 in today's session. in case nifty trades below 18050 level then the downside target can go up to the 17930 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(08/05/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 42550 level then possible upside rally of 400-500 points upto 42950 Level. And this rally can extend for another 400 points if it gives breakout of 43050 level. Any Major downside only expected in case banknifty starts trading below 42450 level.
1D DELTACORP (DELTA CORP LTD) - Short Position1. Bearish Engulfing Candles formed at Support and Resistance Zone.
2. 61.8% Fibonacci Retracement is another confirmation on that S/R level.
3. EMA 365 is off on the Bearish Engulfing Pattern.
4. Entry should be carefully placed at mentioned area because strong S/R level is there but it will definitely break those level and reached it to another S/R zone.
5. Take Profit and Stop Loss level which is clearly mentioned in the chart window. Check that there.
Thanks by
Pupathi Sadagopan
Ascending triangle pattern breakout in Ambuja Cement LtdAmbuja Cement Ltd
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 480+.
✅Can Go short in this stock by placing a stop loss above 375-.
#NIFTY Intraday Support and Resistance Levels - 05/05/2023Nifty will be gap Down opening in today's session. After opening nifty start tranding below 18250 level and then possible downside rally up to 18130 in today's session. in case nifty trades Above 18280 level then the upside target can go up to the 18400 level.