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Pullback

CDSL - High Probability Flag TradePrice broke the all time high and has given a pullback, the price is currently at a confluence of factors : 1) Price is retesting the previous breakout zone (Resistance acting as support) 2) Price is taking support at the 9 day EMA 3) Currently price is also taking support at 0.5 Fibo Level This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis. DISC: VIEWS FOR LEARNING PURPOSE ONLY
NSE:CDSLLong
by vaibhavmehta611
HDFC - PULLBACK STRUCTURENSE:HDFC DAY CHART UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE POINT (A),IS THE LOW POINT OF THE RANGE WHICH IS THE CURRENT REF. POINT FOR PULLBACK STRUCTURE 1 HOUR CHART POINT (A) REF. LOW FOR THE RANGE & (B) REF. TOP FOR THE RANGE POINT (#1)INITIALLY PRICE STARTED MOVING DOWN WITH WIDE RANGE BEARISH CANDLES INDICATING STRONG BEARISH SEMTIMENT POINT (#2) SELLERS BECAME WEAK WHICH CAN SEEN BY THE FORMATION OF HIGHER LOW FORMATION (POINT (0)) ALSO PRICE TESTED POINT (B) FOUR TIMES BUT CANNOT GO BELOW PREVIOUS LOWS (POINT (0)) POINT (*1) BULLISH WIDE RANGE CANDLE CAN BE CLEARLY VISIBLE LOOK FOR ENTRY EITHER AFTER BULLISH CONFIRMATION CANDLE NEAR POINT (E1) (50% & 61.8%) LEVELS OR AFTER BREAKOUT (E2) KEEP AN EYE ON VOLUME IN BOTH CASES
HLong
by Arun_000
SHORT TERM IDEA - ASHOKLEYLAND (RESISTANCE ACTING AS SUPPORT)Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for november. Disclaimer : For learning purpose only.
NSE:ASHOKLEYLong
by vaibhavmehta611
4
BAJAJ FINANCE LTD - SHARP PULLBACKNSE:BAJFINANCE OVERALL TREAND - STRONG BULLISH ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME TODAY WE CAN SEE EITHER, >>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT LEVELS 4435-4411, CONSOLIDATING THERE FOR SOME TIME BEFORE MOVING HIGHER (OR) >>>>>>>PRICE CONSOLIDATE BETWEEN 4483-4590,AND THEN MOVE HIGHER
NSE:BAJFINANCE
by Arun_000
Hind Petro : Buying opportunity with good R:R (Demand Zone)Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit. If a bounce came from here and breaks the 175 level buy can be initiated with SL 170.
NSE:HINDPETROLong
by Retailer_ki_dost
1