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
Resistances
NIFTY'S GANN VIBRATION ANALYSIS (CAUSE & EFFECT)Gann square resistance for Nifty are 15,876 (126^2) while support level is 15,625 (125^2). Nifty has not closed below this support since June 1 and has found it very difficult to stay above its resistance for more than a day or two in the Daily time frame.
Cause & Effect Analysis
The most important event to identify is the cause, aka support level from where Nifty's future movements can be anticipated well in advance. Recently, this cause is the Jan 29th low of 13,596.75. From here, we can identify the levels of price and time supports/resistances for Nifty in Daily tile frame.
Nifty broke its main support on 3/24 and has not been able to climb above it since. Secondary support was tested several times in April before Nifty closed above it and rallied to 15,900+ highs in June & July. However, we can see Nifty back test this secondary support since the high of 7/15.
If this secondary support, which stands at 15,680 is broken conclusively this week, the tertiary support is all the way down below 14,000 in the Day time frame. Nifty is in danger of a trend reversal if it cannot break above 15,900 this week or the next.
Will Adani Ports break the level to fly to glory?Hello traders,
take a look at this chart of adani ports.
Adani Ports has been consolidating in a ascending triangle for 2 months and gave BO at 23rd Nov.
also breakout from the purple trendline and the first yellow resistance.
let's see if this breaks the 2nd resistance at 420-421 levels and if this breaks then will give a big move.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
ALBERT DEVIDPRICE IS KEEP ON TRYING TO BREAK THIS SIGNIFICANT LEVEL..BUT FAILS EACH TIME..IF IT BREAKS THIS LEVEL AND MAKES THAT LEVEL AS SUPPORT THEN GOOD UPSIDE MOVE WILL COME..FOR A LEARNER ITS A GOOD OBSERVATION
Colpal from 30 may 2021The stock has given breakout then --> retest done not much volume but still
small long position can be taken
GBPUSD long/buyPrice first acted as resistance and broke through it and retested as a support which is a typical textbook trade. Moreover the sma's are indicating that the trend is bullish on the higher timeframe.
TAMO- Tata Motors in excellent uptrend, likely targets 448-54826-May-21
NSE:TATAMOTORS
Stock in excellent uptrend, but faces lots of hurdles ahead
Pro's
Strong uptrend, and consolidating.
New 52w Hi, Plus Hight and tight consolidation indicates likely upmove soon
Likely Targets: 432-448, 548-564
Cons
Overall upmove likely to face multiple resistances ahead.
Consolidation ahead could be likely long drawn, choppy, yet healthy between 300 to 430 range
Below 281, likely targets 236 to 200.
Sustaining below 200 may weaken it furthur
Banknifty - Ascending trianglePrice expected to reject from this resistance levels to take support from the trend line and once again it will reach the resistance to break and move further up.
DARK HORSE * After a long consolidation in Pharma sector now this sector IS finally wake up and Most underperforming stocks is Sun Pharma .
* In Technical Price action analysis this stock after a long consolidation now ready for breakout the level is 660.0 .
*Closing above 660.00 i am super bullish in this stock and i am also try to pre-attempt this breakout with small qty and with proper risk and money management .
* Technical Evidences - 06 years Long term trendline breakout and also made rounding bottom chart pattern .
This my view in this stock for educational Purpose only.
Kindly Let us Know if you have any Question .
Breakout Two Chart Patten at same Time* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average that gives more confident .
* In daily time frame high volume buying initiated today that gives gives a bullishness sign .
* I am pre-attempt this breakout due to high volume before the breakout .
Kindly Let us Know if you have any questions.
USDCHF - On target - Expect FallPrice after the wedge breakout went up strongly and exactly struggling to break the previous resistance.
One can expect the price to resist and fall from this level considerably. If you are planning for long then wait for the price to break the immediate previous high.
BALKRISHNAINDS VIEWBALKRISHNAINDS taking resistance from the same point from it was taking support earlier. Have a look on the coming days on how it reacts on the resistance line. Immediate target is 1850 and above. ONLY for Educational purpose.
Prestige estates - Price should reach 350Price following a simple trend which moves the price higher and higher on each fall as shown in the picture. This time price breaches the trend and made a Lower Low and again moves up as per the trend.
Since price breaks the actual trend one should wait for the price to reach 350 and decide.
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You can comment any of the script, I will analyze technically and post it for you.
No Buy or Sell calls strictly :)
#Trent can be sold below 665 for 600A massive sell off 2.5 crore shares indicates exit of some big player. The stock was in momentum and now if breaks the support of 665 we can see more fall towards 600 levels.
BHEL STOCK with support and resistanceI am just a beginner and doing for studying and practise purpose.
HAVELLS BROKE OUT WITH GOOD VOLUMEHavells broke out with good volume today.
The resistance of level 586 should act as support if market supports it.
You should exit your position once scrip closes below 586.
The target levels have been mentioned clearly in the chart above.
Thus, from current price if there is loss then it would be ~2% (597-586 / 586)
and targets are 8.9%, 11.01%, 15.97%, 21% .
Keeping in mind the risk reward ratio the current levels are favorable and attractive.
***views are my own***please take your decisions accordingly***
hdfc , must go for 19** and beyond !!!A flag breakout and also bullish on weekly setup must take for the positional bet.
Can follow on twitter for more updates.
Nifty Fmcg , nestle india , Hul , dabur !!!!currently bearish , looks weak ahead , can form low higher pattern from here
Currently add some valuable stock in the watchlist for the long term , wait for the reversal then invest. Avoid fresh buying.
SHORT @ICICIBANKGood test of the resistance level.
ICICIBANK likely to go down from here.
STOPLOSS - Little above the resistance are
TARGET - If the move is slow, wait to run for some sessions but if the move is very quick, beware of sharp reversals
Updated chart of REC LTD - DAILY BASISREC LTD
has broken resistance trend line and will move skywards ....
