Yesterday, Nifty opened gap-down and close at 16243.55, took a support at zone of 16210-16126. RSI is showing Momentum, it may form Double Bottom pattern. One can enter at the breakout of the 16400-16450 levels Levels of16550 are expected.
Britannia has made a strong bullish candle right at the support. Can initiate long position with days low as stop loss. As seen in the charts, previous resistance has been acting as a support.
Need to cautiously wait and watch for further price action. Any break down and break out from the pattern will lead to one way trend. It had already given fake break out and break down as shown in the chart. Patiently waiting is the key to trade in this stock.
Nifty after a good run since April 2021 started to contract. As evident by the trend line the price movement is getting narrower. The move can be played by the trend line support & resistance. As seen upper trend line has been tested twice & lower trend line has been tested 3 times. eventually on the fourth time the trend line as tested with lower high and the...
Timeframe: weekly UBL created an all-time high at 1785 and started declining to overcome the demand pressure. Bulls pushed prices extremely high, and bear found that convenient to sell. The stock has respected equilibrium in the parallel channel. At this glance, the price is at the lower band of the parallel channel. If the price breaks the parallel channel,...
Simple 14 year breakout from consolidation. Expect Super gains. Stop loss is deep and reward is much bigger.
Against morning Gap up a fall was seen in Nifty50.Thus indicating bearish move and overall bear market. as regarding russia vs ukraine war tensions drags market down. I eam expecting a bear move in tomorrow daily candle
On Daily Time Frame, There have few major highlights in NIFTY. - NIFTY gives breakdown and currently trading below 200 EMA level. - But currently trading near support level of parallel channel which is highlighted in chart. - Further downside in nifty possible only after breakdown of this support level. - Current trend of nifty is downtrend and this trend can...
buying idea for intraday buying idea for intraday
GPIL has formed a downtrend channel for the last six months . Price has created five no trading zones. No trading zone is an area where trading activities haven't taken place. It has formed two excess on the lower band and three rejections two rejections from the upper bend. The control line has made eight touches . Currently, the price is on the...
LIC Housing Finance Buy Signal This stock has formed Falling Wedge pattern with good intensity of volume . One can go Long when 346.80 level is broken and start accumulating quantities in systematic way. After it breaks the channel and retest the channel, invest your entire capital per stock that you have allotted as per your total capital.
The Levels are marked in the chart. This is only for educational purpose, please do your own analysis before trading/investing.
Hindalco Made new ath on monday's session. Wait for a retest of the breakout area to initiate a swing trade with better stoploss.
Taking support over the lower TL of the channel pattern. Looks good at cmp for swing trade with a decent RR of 1:2.5X . Trade with small qty looking at the global concerns.
This is proof that when the bear strikes, fundamentals of the stock become irrelevant. Although please don't mistake me for a bear, I'm just a greedy bull looking for cheaper prices. Shown in the chart is a classic example of how early institutional investors dump on retail investors. As you can see in the chart, the entire year of 2021 was a distribution range,...
CAMS weekly close to be above 2400 to start moving higher.
I hope this would be the turnout area for the stock SAIL.Anyway this turnout is only useful for long term investers only, not for short term and swing traders.As i always say whatever we do,manage your risk reward and money management.Let's enjoy together.
Nifty has formed a continuation Head & Shoulder Pattern. Likely projected targets are marked on the chart 1) Target 1 is 0.618 projection of the previous swing 2) Target 2 is a measured length from head to neckline and projected downward Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind