Resistance_level
Adani ports at resistance. Buy if decisively broken.
Buy above 363.
Target 367 (1st Target)
Stop Loss at 361.
NSE:ADANIPORTS
At resistance - if breaks targets given.Expect a small fall from the resistance or else if breaks the resistance then again expect a retest and then reach the target in the coming week.
Go Long if breaks 1.84500, price nearing resistancePrice after a big fall trading in a range market, it is trying to break 1.84500 levels which is considered as strong resistance levels for the last 4 months. Now once again price is trying to break this levels and plan your long trade if breaks the resistance levels.
#Oct16 - UBL (intraday+swing) - Major ResistanceWe could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
Head and Shoulder in NiftyNifty in the making of Head and Shoulder pattern and if price breaks the trend line then enter long for the pattern target.
MARUTI on a high stock analysis:Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is?
After forming a double top pattern the stock has moved towards down direction.
At current level it is forming a disjoint channel, and the stock is moving near the resistance line. Till now buyers were more active the stock has moved to resistance line buyers may fear to invest and stock price will fall.
We can expect falling price till 6366.
To be in safe side if there will be up break the price will be bullish 7351 above.
BUY - if closes above 755.Price travelling in a parallel channel and after taking the support from the trend line price unable to move above 750 - 755 levels once if price breaks this levels then the channel top will be the target.
Pattern formed at long time resistance 2300. Price at resistance levels 2300 and forming ascending triangle pattern. Expecting upside movement after breaking 2300 levels. Wait for it.
Closed above strong resistance 155.Price after taking the support from the parallel channel went up super bullish and reached the channel top in 3 days, that is almost 20 points move in three days.
But now the price reached the top of the channel and going long here is not a good idea. Those went long at the support might wait for the break others must wait for the 165 levels.
Channel pattern exactly at resistance.Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades.
AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.
If channel breaks up then the above analysis is invalid look for long trades, don't jump in long trade immediate.
Close above 1250 is a good buy. Price nearing April 2020 resistance, if breaks and closes above strongly then one can go for BUY.
If price come back to trend line support and if you are an aggressive trader then go long with small stop loss.
RBL Bank Struggling at resisstanceRBL Bank has tried to brk 207-208 levels for the third time and failed. It is range bound at this point in time. But it is a very interesting stock to watch for next few days.
Tata Steel - (Wave Count) Possible Wedge Completion 370 to 300This view is not valid above 370. Kindly consult your advisor before taking any positions. Thanks & Have Good Day.
Britannia , xxDDBritannia is currently in the uptrend only , given weekly breakout recently , Remember not to be shorted as target remains 4130/ 4500 positionally.
TIP - MAKE YOUR CHART SHORT AND CRISP TO UNDERSTAND TO TRADE !!! :) Complex charting is always done to show off the knowledge !
Happy trading !
INFRATEL stock configuration:The stock has already taken its support, and now trading near the support there is a price rotation, sellers and buyers both are active this the stock is not able to decide its route.
thus if the stock cross 211.46 it can move up-to 215.70 and still further up move.
Strong support level 206.65, if the price cross this level the stock will be bearish.
Bank nifty 1hr candle, 17th June Analysis bank nifty to see resistance form 20500,
RSI divergence spotted
BalkrisInd , not a !!!!Currently in bullish channel but not a good risk reward ratio to buy ! wait for a dip !
Can follow on twitter for updates !
MFSL , Jackpot !!!!MFSL looks strong for the upmove but before any upmove , may give a dip as on daily charts spinning top spotted. and also on the fibbo its on the golden ratio of 61.8% .
Auropharma - Bearish Alternate Bat - Sell below 775 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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This is a correction happening in Auropharma. It will be choppy & confusing as suggested earlier once we get the correction - going above 810 -This stock is getting ready for big moves later if holds strictly above 810 & crosses 840 as well.
Trading Strategy
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Sell Strictly Below 775 - with stops above 780
Once it falls below 770 then kindly trail stops to cost price of 775
Downside Target -
750 / Below 750 for 730
