Continuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There is no change in the structure and the price has failed to close above 130. But the price is still in the positive zone. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
An eventful day after market reacted very positively to exit polls. Today, all PSU stocks and Energy sector stocks were extremely bullish. One such stock which has given volume breakout is GIPCL. All momentum swing traders can take a position for quick returns in this stock. However, risk associated is more as we can see a profit booking in market post results. A...
Recently we had a divergence pattern. Also the RSI is declined below the level of 60. All these indicate the price could consolidate at these levels or it may correct. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There are two main levels to watch one is S1-120.75 and the other is R1-131.55 And today the price has managed to close above the S1. Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Keep an eye on the demand zone with levels from 170 to 175. The price could be re-bounced from these levels. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today's huge red candle has changed the structure dynamically. The next important level to watch is the demand zone of 95 to 100. But for sure we could see high volatility until the price has not settled down. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF BHEL is in corrective moce after making recenrt highs If sustains above 300 level, it may try to test recent highs However in case of Bearish pattern at higher level, it may come back to prev week's range Important downside support is around 280 & then 270 level whereas upside hurdle is aroud 320...
An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:RECLTD Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing...
Hi, An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:ENGINERSIN MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets...
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:POWERGRID MACD already gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis...
Hi, NSE:SAIL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario I am expecting that the bullish momentum will continue. Complete price projection like entry,...
NHPC Limited (National Hydroelectric Power Corporation) is an Indian public sector hydropower company that was incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind. In Past few weeks we see a good...
After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions. Intraday 5m | Trend Negative Disclaimer: This is my pre market analysis and my...
We have seen in past how consolidation breakouts always give rocket moves. One such pre breakout consolidation trade is NALCO If this stock manages to sustain above 140, we will enter mad bull run in this stock. It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout. Levels mentioned on chart. I hope you all...
Hi, NSE:LICHSGFIN has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry,...
SAIL is on the verge of giving big monthly breakout from trendline. It is one of the few PSU stocks which have not shown rally in past couple of years. We can expect huge upside in this stock given the improved profitability and efficiency of the company. Definitely a must have stock in portfolio if interested to invest in metal sector. However, metal sector is...