[INTRADAY] #BANKNIFTY PE & CE Levels(03/05/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible upside rally of 400-500 points upto 43050 Level here also possiblity to reversal, if banknifty start trading above 43550 then possible upside rally upto 43950 level.
Priceaction
Double bottom pattern breakout in MPHASISMPHASIS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2030+.
✅Can Go Long in this stock by placing a stop loss below 1785-.
#NIFTY Intraday Support and Resistance Levels - 02/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18090 level and then possible upside rally up to 18200 in today's session. in case nifty trades below 18070 level then the downside target can go up to the 17960 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/05/2023) 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.
Bullish flag pattern breakout in PIRAMAL ENTERPRISESPIRAMAL ENTERPRISES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 760+.
✅Can Go short in this stock by placing a stop loss below 712-.
Triangle pattern breakout in APOLLO HOSPITALSAPOLLO HOSPITALS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5270+.
✅Can Go short in this stock by placing a stop loss below 4301-.
Powergrid Cup & Handle PatternPowergrid has formed cup & handle pattern on hourly chart.
Entry:
We can go long after close of strong bullish candle above the neckline.
Stoploss:
We can keep the stoploss below the neckline.
Target:
We can keep target near the next resistance zone as marked on chart.
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Rising wedge pattern reversal in DIXON TECHONOLOGIESDIXON TECHONOLOGIES
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3125+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2770-.
Falling wedge pattern reversal in Dabur india ltdDABUR INDIA LTD
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 544+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 615+.
✅ Can Go Short in this stock by placing stop loss below 511-.
Bullish pennant pattern reversal in MARICOMARICO
Key highlights: 💡⚡
📊On 1Week Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 520+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 890+.
Falling wedge pattern reversal in tata consultancy services ltdTATA CONSULTANCY SERVICES LTD
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 3180+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 3600+ .
✅ Can Go Short in this stock by placing stop loss below 3070.
what is The symmetrical triangle patternThe symmetrical triangle pattern is a technical analysis chart pattern that forms when the price of an asset is moving within a range, with the highs and lows converging towards each other.
it is characterized by two trend lines that converge toward each other, forming a triangle.
It is confirmed when the price breaks out of the triangle, either above the upper trend line (bullish) or below the lower trend line (bearish).
Traders often look for a price target that is equal to the height of the triangle at its widest point, projected in the direction of the breakout.
The symmetrical triangle pattern can be a reliable indicator of future price movement, but it should be used in conjunction with other technical analysis tools and market indicators.
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Rising wedge pattern reversal in Pidilite Industries Pidilite Industries
Key highlights: 💡
✅On 1 week Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3000+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2298-.