Breakout of the Weekly Trendline (Positional Trade)This is an earlier indication that Federal Bank might give out a breakout of its major weekly trendline. We can plan an entry on the breakout of the trendline.
Priceactiontrading
Neutral on IGL Here we can see long wicks at support but the selling volume is increasing on the weekly basis.
Nor the bulls nor bears are incharge properly.
Let's see where it moves.
This post is for education purpose only.
PNB LONG My prediction On PNB is based price action trading
1. ASCENDING TRIANGLE PATTERN
2. W PATTERN
best price to buy = below 39
target = 43 - 45
Stop Loss = 30-32
expected No of days to reach target = 7 - 15 days
**NIFTY & BANKNIFTY ANALYSIS & PREDICTION FOR 18 MAY TOMORROW **"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future."
Nifty & BankNifty Outlook for tomorrow – Positive and might be Flat and Range bound.
Nifty Next Key Levels –
Resistance zones:
Support zones:
PROVIDED IN THE VIDEO
Points to Look Out –
1. Bond Market.
2. Global Market.
3. INFLATION & Rising Covid Cases.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
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.
Banknifty- Fall expected Breakout on minor upper trend and also the support zone. Further fall expected.
OFSS - Cup and Handle Formation (Bullish)The stock is forming a cup and handle formation on a weekly, daily, and hourly time frame. Enter on the break out of the resistance zone.
VEDL MonthlyIF VEDL closes this monthly candle above 300 level.. watch out for another 50% movement upside quickly. Looks extremely bullish on technical charts.
CESC DailyCESC resistance breakout on daily chart. On weely its closing strong on the bottom TL of the channel.
BPCL (short term)1) Range bound market
2) buy above 425 for the targets of 440 460 & 475
3) sell below 395 for the targets of 375 & 355
4) stop loss 410
**trade should be taken only after the zone breakout(after the candle closing)**
MEGH BREAKOUTMeghmani organics breakout on monthly chart. Very good fundamental stock for long term investors. Accumulation range on retest of the breakout area 120-130. SL below 100 on clb. Also very good volume can be seen recently.
Heritage Food WeeklyLooks very bullish with good momentum upside in short/medium term buy above the supply zone.
Persistent Systems Daily chartPersistent systems has taken good support on TL. Can be taken long entry with a target till upper TL of the channel.
