Reliance Industries Ltd.Reliance Industries at resistance level of 2230 again. Preiviously it reached at this level three times. So if this level is broken then it will be very bullish.
Resistance_level
Havells - Accumulation near ATHPrice accumulating near the ATH and it has all the potential for sudden break out. Looking for an up move.
Britannia - At resistancePrice after breaking the triangle pattern reaches the previous high and rejected from it. Watch closely for the close above ATH in weekly before deciding Long.
Zomato Looks good Above 139Zomato has been trying to cross the 140 level since August.
The only parameter that is not supporting is the Volumes
It has been testing multiple times 139 level
Also, it is above 200 MA
Overall looks good on 15TF
Target: 141
TCS at key resistanceTCS after few ups and down in past few weeks have now reached a key resistance. Anyone who is looking forward to buy TCS should hold on to see the price action and wait for the resistance to break. So, keep an eye on this. Good Luck :)
Banknifty - Price at resistance againPrice reached the important resistance level once again with a bang. This time it will definitely breaks the resistance and before flying high it has chances to retest the same and reach new highs.
Tata Steel: Chart set up and trading strategyTata Steel
Observations are mentioned in the chart itself.
Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________
Given the set up suggested F&O strategy,
One may consider to sell Tata Steel 26 August expiry 2021
1460 Call option around between 35 - 42 (Closing price 37.05)
Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021
More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day.
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 same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
KOLTEPATIL good structure for longKOLTEPATIL for swing/positional
KOLTEPATIL is looking good for swing above 285. it has broken weekly trend line and now if it broke its strong resistance zone then it may give good move.
KOTAKBANK Breakdown - New Trading RangeLast 2 days had decent volume and price has broken support clearly and decisively.
New Range - (1430 - 1540 - 1620 - 1680)
MFI decreasing rapidly
Rising volatility (ATR), also check IV
IF breaks back above 1685 then this view will need modification.
Lets see.
BITCOIN BREAKOUT AND CURRENT RESISTANCEI bought at 33680 and sold at 39400.
I used this breakout very well.
currently the chart is bullish.
soon it may break the resistance.
Resistance breakout in SPARCSPARC has consolidated near its weekly resistance of 270, Breakout of the same can lead the price up to 335-340. Stoploss can be kept below 239.95. Also given breakout from the strong resistance of 217 with strong volume support.
Tech Mahindra bullishtoday tech mahindra broke resistance at 4H,1H, 30min timeframe and tested resistance at 15 min time frame making its 52 weeks high this rally may continue this week.
Dixon Technology Breakout on the Daily Chart!Dixon Technology has given a clear breakout from a bookish ascending triangle on the daily chart. It is important to notice how beautifully the stock has retested the supply zone or resistance multiple times and then given a clear breakout. When a stock tests a zone or level multiple times, the zone becomes weak and hence it is highly probable that it may give a breakout. Also, it is easy to note that the sellers became weak as the price was approaching the resistance. Will Dixon touch 20,000 levels , once again this year? Let me know by leaving your comments below.
REC Ltd. GEARING UP FOR A BREAKOUT! 15th Jul 2021Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The Supply zone can be considered as a strong brick wall, which doesn't break when hit for the first time / second time. However, generally after 2-3 attempts later, when the same zone is hit multiple times , it becomes weak and hence the brick wall breaks and price gives a breakout. One may observe how the sellers keep getting weaker and weaker at every subsequent retest of the zone. Keep a check on Rec Ltd. in the coming days, any breakout with good volumes , may mean that one can go long !
VAL & nPOC to look out fori think myself that the VAL of this range and nPOC from last session are strong Resistance / Support Levels. i am expecting at least a reaction at the levels.
chill with me in the commentsss
IBULHSGFIN POSITIONAL TRADE FOR TOMORROW (14TH JULY)So IBULHSGFIN share break the resistance of 276.70.
.
Now we ca see the good upward momentum.
.
Our first target is 290 and second target is 310, you can buy it for Positional Trade.
.
What's your view on this comment below in the box
TECH MAHINDRA MAY BREAKOUT OF THE RESISTANCE SOON!!Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one should wait for volume confirmation and then take position . The most conservative target would be 1109 level.
TWO CUPS ARE TOO MANY IN RAIN INDUSTRIESRain Industries formed a Cup with the resistances at 224-234 range and a bigger cup with the resistances at 390-403 range. It was also moving in a Parallel Channel from November 2020 and it has smartly broken out with good volumes. I have off loaded a part of my holdings at 220 and the rest I would be looking for 400 as my final target.
It has to break the resistance at 224-234 range to resume its journey upwards.
I entered at 153.
weekly view - niftywill this week's candle cross resistance of past few weeks ?
what do u think ?
comment box is open for discussion
Banknifty - At Important LevelPrice rejecting from the important Resistance level and if closes above the resistance then one can expect a rally.
DELTA CORP FORMED A DOUBLE TOP PATTERN BEARISHDelta Corp had formed a Cup and Handle Pattern and has reversed from a strong Resistance Zone near 197-203 forming a Double Top Pattern. Also there is a RSI Bearish Divergence.
