Cyber Monday saleUp to 70% OFF

Pullback

Pullback entry opportunity in Somany CeramicsAfter forming a rounding base, Somany Ceramics is now forming a text book pullback pattern with price consolidating in a narrow range above the base. The resistance turned support line has not been violated during this period of consolidation and volume is drying up, just like how it dried up during the base formation. The company is likely to announce it's quarter results in a short while from now and it appears like the market is accumulating the stock in anticipation of a good result.
NSE:SOMANYCERALong
by rbasker
Nifty InstaView 10 June’21: Counter Gains 
Nifty View: The benchmark Nifty index reciprocated well after yesterday’s fall with a steady 90 odd point gains in today’s trading session. It has been a stock-specific market with high-momentum moves coming in today from Financials and Real Estate. Going forward if the index has to hit a new life high then Financials & Banks will participate - stocks like HDFC and HDFCBANK. On the flip side, if the index fails to hold onto today’s gains and slips below 15,700 again, then the next leg down will be sharper and larger, so be careful with your open long positions. The underlying trend is UP and resilient and a sustained move above 15,800 will negate the bearish possibilities from the erstwhile "Rising Wedge" and "Negative Divergence". Stay cautiously bullish. Thank you for following my work and please feel free to share your thoughts and suggestions.         
Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
HDFC Bank, Swing/positional (Read description for the details)HDFC Bank has given a beautiful breakout from the descending triangle, then retested and again risen. Today it has resisted 1511 level. If price falls we have support of 50 EMA just below. A support from the 50 EMA can be traded for the first target of 1511. If HDFC Bank rises from current level and closes above 1511 to give a breakout from 1511, it can be traded for targets of 1562, 1600 and 1640. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:HDFCBANKLong
by dakshjain76
2
HDFC, Swing/PositionalHDFC has given a breakout from falling wedge and has been taking support from 50 EMA . Even after the falling wedge breakout, 2605 seems to be a rejection region where one or two gap up openings could not sustain. A closing above 2605 with good volume can be traded for a swing or positional trade for first target of 2768 and second target of 2888. Some good indicators of HDFC possibly achieving target is support of 50 EMA , RSI above 50 suggesting a buy signal and if you look closely you can see a rounding bottom pattern forming which i haven't highlighted in my idea, but it can be seen. If you enter after a breakout from the 2605 region. Stop loss can be set just below 50 EMA for swing. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HLong
by dakshjain76