Range
Nifty Stuck in RangeWe have tried to find out the Nifty Spot range.
The Nifty Index is stuck in this range since 3rd February 2021 till today.
Let's see on which side it will give us the breakout.
Current Range is 14000 to 15100.
Any side day closing will lead be a big trend.
Disclaimer:
For Education purposes only.
HDFC bank break outThe banking sector is catching momentum lately. In 2 hour timeframe stock is in a range, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 50 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Stock Analysis of Mahindra CIEPrice - 180.70 Dt. - 27-02-2021
The stock is moving in a range and given a breakout on 15th Feb. and on 16th Feb it continued the rally but profit booking forced the stick to close in red and since then it kept falling till the support line placed at ₹177. it looks like the stock is ready to move up again. RSI is neutral and stock is above 21DEMA. If open in green then it can go up to ₹200.
Muthootfin | Flag & Cup and Handle Pattern 🎯⭕ Positional Trading opportunity ! Daily Chart Alert !!!⭕
--Buy Above =1187 or CMP
--Target = 1263 | 1381
--Stop-loss = 1087
--R:R =3.65
--Expected Profit = 27%
--Expected Holding = 1-3 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Stock Has formed Flag pattern, cup & handle pattern as well
2) Volume is good I have checked
3) Targets are totally based on the resistance & pattern height
4) there is a breakout of handle, one can wait for the clear BO as well
5) 200 ema support , cause stocks just have broken the 200ema
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