We can see here that market is rangebound from a week . This is the inrange pattern i found today , you can apply it tomm. Target will between 17860-17878. THANK YOU.
Ambuja Cement - After a big euphoric rally the stock seems to be consolidating now in the yellow channel box 21 day EMA is around 500 53 day EMA is around 464 and rising by around 1 point My trading strategy is for a range bound market scenario. Giving a profit potential of 11% till expiry as well as keeping loss limited For details Like and message me Take...
Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish. Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very...
Nifty - we see Nifty trading above 21 day EMA, 63 day EMA and well above 252 day EMA - Line of resistance around 18200 odd levels - Line of Support around 16800 - So is the 200 day EMA support around 16780 Right now we are in the middle of the range Trading strategy Given the set up one may consider a Short Strangle strategy for Nifty for November...
banknifty looks stronger compared to nifty, but it should stay in the range or may fall, stay cautious
HSCL Daily View : Medium - Long term Bullish Range Bound : 657 Days Range-Bound Range : 39.25/42.05 - 60.55/63.90 View Bullish at 60.55 Findings: Broken Range above 63.90 (New high 65.40) and tested support of 60.55/58.70. Buy at 60 with stop loss 56.00 CMP 59.30 Target = 65 - 72 - 74 - 79 -85 +++++ for long term
NSE:VINATIORGA Structure : Range bound What is range bound market? Whenever a stock or index is trading between support and resistance it is called Range bound. There is no strong move in either direction. Prices tend to ping back and forth near old highs and then fall to prior lows. The range-bound movement usually occurs at the end of a large move as the...
NSE:POONAWALLA View: Bullish Time Frame : D Structure Range Bound Range: 210 - 268 CMP : 248.60 View : Bullish till 260 then expecting breakout of 268 due to multiple buying between 210-216 Important support or Buying Zone : Multi support at 211 -216 Buy at > = 248.60 Stop Loss : 238 Target 260 - 270 - 295
Last week saw the NIFTY make a range of close to 615 points and one could see strong buying interest near 17200 levels and absence of any buyer intention above 17560 zone. For today and the current week, if we work with the assumption of a range bound market, we may find trading at the boundaries expecting a reversal to be a successful strategy. The index can fall...
In the week gone by NIFTY has made an inside bar on weekly charts. However the price action for the last five weeks clearly show buying emerging at lower levels and one can see higher lows being registered in the last five weeks. Based on price action in shorter time frame and also after looking at the FnO data we think the market is likely trade sideways with in...
When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have...
NSE:ICICIBANK Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal. A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200. There is a Gap between 778 to 788... which is offering resistance! Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25,...
NATIONALUM - 15 mins - Intraday Range Bound Market as knows as Sideways Market. Price oscillates in a range attempts to hit upper and lower level multiple times. For Intraday - Range provide multiple opportunity to trade both ways Long position from Bottom and Short position from Top till range breaks.
banknifty future previous support of 38000-38200 now became multi time resitance with range contractions.. till it is in a triangle one shoult play support resistance with the pattern... bigger move expected once it breaks the pattern till than trade patiently... views are educational
TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the...
Havells had a W-pattern break near March 2020 lows. The W and M patterns are very commonly seen on the candlestick charts. W patterns are bullish in character and are generally seen at the bottom of a downtrend, whereas M patterns are bearish and are seen at the top of a rally. The stock made new highs in Nov 2020 followed by strong follow up bullish candles...
Tata Motors 455 - On the downside 435 / 415-420 are important support levels - On the upside 485 / 500-510 zone are important resistance levels Given the set up, a Short strangle strategy may be considered for January 2022 Series Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee...
Tata steel is range bound. Near term target is 15% around 1300. If it breaks the trendline then future targets: T2: 1380 T3: 1488 T4: 1533 RSI and MACD are gaining momentum. Very favorable risk : reward setup. Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.