Price 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...
NSE: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...
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...
Nifty broke down from the TL and has given a pullback towards the TL, on hourly chart it has formed a doji an hourly close below the low of doji will confirm lower high and can take nifty to 12730 levels and below that to 12626 level which is also the fib 23.6 level and a good support zone, view gets negated with an hourly close above the Doji high which will take...
NSE: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...
After long sideways consolidation, it changed the character. Then it formed a low cheat in form of pullback to 50 DMA. Beautifully rounding out on weekly chart. Then broke out today on high volume. Tgt - at least 600 and 620
Based on Pull back analysis, TCS might settle in range. In order to enter it has to break (1) or it will form a complex pull back structure.
Kotakbank's chart hourly and daily pattern shows its a bullish setup building but option data is showing it is a sideway momentum. There is a pullback due which might show the below setup. Script Action Entry SL Tgt 1 Tgt 2 Kotak Bank Buy 1,761.48 1,673.38 1,849.58 1,937.68
Nestle is on a downtrend. It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance. And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness) And the resistance can be seen right at the trendline that I've drawn. Tgt: 15200 SL: use trailing...
Good RR. Higher low has not been breached. Good to take entry right away.