Priceactiontrading
BAjaj auto Good short candidateBajaj auto spot cmp 4230
Counter is giving sign of distribution in range of 4215 to 4265
Short sell can be done in this range with stoploss of 4270 on hourly closing basis.
Down side counter can fall to levels of 4000-3800-3650,,
Breakdown below 4215 on closing basis is mandatory...
Good short candidate..
WEST COAST PAPER READY FOR SWING TRADEWest Coast Paper looks good for long once closed above the trend line.
NTPC: NEARING TREND LINE NTPC is nearing the trend line acting as resistance for past 3 months. Watch for breakout above the trend line.
Nifty Upcoming Support Support Upcoming nifty option expiry strong support according to option chain & Price action theory.
stock to buy bharti airtel
Breakout expected
Go as per the break out .
NOTE
BLUE LINE : Major Support and Resistance line
Orange Line : Minor Support and Resistance line
Time Frame to achieve target: max 10 days
Long-term trendline break on HDFC. Positional trade.The stock seems to be on the verge of breaking out of a long-term trendline resistance. More upside expected in the coming days.
Also, the housing market could be poised for a recovery. As a result, housing finance as a sector can outperform going forward. HDFC being a market leader is sure to drive this rally higher.
Axis bank triangle flag we have two confirmation for bullish view
1) Upward channel
2) Triangle flag pattern
If it sustain on 762 level, it may hit 785-90 level.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
UBL Intraday analysis UBL Equity (Cash)
Entry : 1269.50
Stop Loss : 1261
Target : 1279/1286
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..
INFY Indraday analysis Entry : 1296.50
Stop Loss : 1289.50
Target : 1304 / 1310
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..
Axis Intraday analysis Entry : 744.50
Stop Loss : 740
Target : 749 / 753.5
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlestick psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward.
Any doubts, make a comment or text me privately :)
Gold near resistance !Buy gold above 49,500 level.
Possible target 50,450.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Silver inside candle analysis ! Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Shakti PumpsBreakout on the daily charts.
Ride the Channel and breakouts for the targets.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
REC LTD. trendline analysis ! Chart Time frame: 1W
As shown in chart, the stock gave 3 Year old trend line breakout.
We can go long above 150 Resistance level for safe position.
Target above 150:
1) 160
2) 180
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Trendline breakout on HINDPETRO.The stock has broken above a trendline resistance supported by good volumes however the stock closed much lower due to overall sell-off in the market.
Watch for the price to trade above 236 and a long trade can be initiated. All other levels mentioned in the chart.
Always keep a tab on the broader market conditions while trading.
NIFTY50- Expecting some Correction Again?Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea.
But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern.
There is also a Bearish Divergence along with the ADX losing steam.
Now , either tomorrow the price breaksout and then starts taking support of the channel border or if it breaks down then I see a correction atleast till the red dashed lines. A fall below those levels could trigger a bigger fall.
Let's be a little cautious before blindly breaking the bank.
