Resistance_level
HDFC Bank - Near Ascending Channel resistance at weekly TF HDFC Bank is about to break Ascending Channel resistance R4 zone at weekly chart. After this resistance breakout we can expect very good rally in both Nifty and Bank Nifty
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HINDALCO - Approaching Ascending parallel channel resistance R4HINDALCO Industries - Approaching Ascending parallel channel resistance zone R4 at monthly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
SOBHA at the cusp of a major ResistanceThe level of 345-350 has acted as Support & Resistance multiple times in the past dating back to 2014. Today's (12.17.2020) intraday chart shows the stock hit this zone for three hours during the day and just couldn't breach it. What followed was a major correction in the last hour of the day. Will bulls be able to breach this crucial zone? Or will bears win this time again and take the stock down? We'll be watching.
In the meantime, it would make sense to book some profits for the longs.
CIPLA - Near Ascending parallel channel resistance zone R3CIPLA is approaching Ascending parallel channel resistance zone R3 at monthly Time Frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Expected Short Position 👇Respecting the resistance line.. looks like it is going back towards support.
A new short position can be taken 👇👇
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Disclaimer:
The information provided here is for educational & instructive purposes only. Our intention is not to provide any financial advice, investment advice, training advice or any other advice. This is general information and is not explicit to you or anyone else.
Please do your own research and consult with your financial adviser before investing or trading. We will not be responsible for any profit or loss.
UPL Eliott Wave Analysis - UpdatedUPL is at almost perfect buying price around above 400 till CMP . Target and trend analysis is shown in the chart.
Good for positional trading until 725 (approx. 40% return)
W1, W2, W3 Denotes Levels on Weekly chart for investment purpose
D1, D2 denotes levels on Daily chart for positional trading purpose
UBL NEAR RESISTANCE 1HRUBL is currently trading at resistance point. It is the 3rd time it has come to the resistance and has been halting there for a while now. There are chances of UBL giving breakout in the coming trading sessions. You can enter the trade when the price crosses the high of the breakout candle in 15min timeframe and keep SL as the swing low. You should plan SL for every trade before entering it. Risk management should be your top-most priority in the stock market. Money saved is money gained. Happy Trading!






















