BHEL STOCK with support and resistanceI am just a beginner and doing for studying and practise purpose.
Resistances
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 ....
NIFTY 50 4 hour viewIt seems to be moving in an upwards channel pattern.
Support / Resistance marked on chart.
Looks like it will touch the upper RESISTANCE LEVEL (LIGHT BLUE LINE) and fall back.
CRUDE OIL 15 min chart UPDATEDCrude oil chart posted earlier today.... same one updated with RESISTANCE LINES.
Channel has been broken and now it remains to be seen if RESISTANCE will be broken on upwards movement.
Shorting opportunity in BEML on NSE (INDIA)This is daily chart of BEML on NSE (INDIA) with CMP @ 700.45. It seems to be a good shorting opportunity based on following observations:
1. It is downtrend and price is still trading below SMA200/SMA100.
2. A trendline drawn on the chart shows resistances where price rejections are shown by arrow. Now again, price has tested this trendline and also SMA100 and showing rejection after consolidating during 12th Nov to 15th Nov 2018. Now bearing engulfing is formed on 16th Nov 2018.
3. RSI is also retracing from overbought area (similar to formation in the 1st week of Aug 2018)
4. Also price is showing retracement from 61.8%
All other observations are shown with horizontal line and arrows.
In view of above, it looks a good opportunity to short this scrip with SL @ 739 ( above the high of bearing candle on 16th Nov 2018).
Happy trading...
