Get started

Resistance_level

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
NSE:TATASTEELShort
by indiamarketoutlook
1
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.
NSE:DIXON
by anusuabose92
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 !
NSE:RECLTDLong
by anusuabose92
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.
NSE:TECHMLong
by anusuabose92