Bank Nifty Might go through a short term retracement and continue its bullish move for next week. Seems US elections will settle down as we know who is next president already. SO market should take this positively.
short cholafin for good correction upcoming
Buy at: 457.85 SL at: 451.65 TP at: 466.80
1. HIGHER HIGH - HIGHER LOW FORMATION 2. BREAKOUT WITH HIGH VOLUME 3. RETRACEMEN 4. TAKING SUPPORT ON SUPPLY-DEMAND ZONE 5. TAKING SUPPORT AT 200 MA 6. PULLBACK......??????
Sell strictly below 2775 for target of 2540 and sl 2850, R:R is above 3.1
The present analysis is derived from 2008 and 2011 fall and historical retracement. . 12101: The last level until nifty can rise without correction based on previous fall analysis. . 10400: If correction happens this month then nifty might test 10400 levels which is a healthy retracement of 0.618 levels of fibo. . Retracement is imminent for a healthy economy....
Looks like a after a good breakdown retracement is now over and ready to go down for short term NSE:INFRATEL
IF the level of 22365 is resisting and holds we can expect a fall till 21600 this will be not valid if the level 22365 is broken keep in mind the level 22365
NSE:PEL (FOR LEARNING PURPOSE) Price Increasing on contracting volume Possible Retrace down could happen before rallying up Entry for Short - MARKET Target - 1300 Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION) Target - 1630
Strong support at 935-945 level.. It can retrace upto 30%-50% from its recent point of sharp fall. Look for price action in smaller time frame for good entry.
Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend). . Reason to buy: 1) Triangle breakout. 2) Taking support on previous breakout levels. . Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels. . Calculate your RR ratio and take the trade.
Keep an eye on M&M it has given a suspected breakout from parallel channel and retracing back to original level. If this isn't a breakout hen their is a chance of upward momentum in upcoming days. . Reason to Buy: 1) Possible breakout from parallel channel formed in daily time frame. 2) Holding higher levels. . Safest entry point would be at 659.90 levels or...
Retacement after the strong breakout. Now we can see a Pullback from Demand zone if see any bullish candle pattern on demand zone
Retracment after a strong breakout. Now we can see a Pullback from demand zone
Yesterday cipla broke out from its range today it retested and started moving as expected. . Reason to Buy : 1) Broke out from triangle pattern with good volume. 2) Good price action in one hour time frame(Triangle breakout as well). . Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
After an All-time high breakout stock retraced to the near demand-supply zone. Now we can see a pullback from here.
Axis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend. . Reason to short: 1) Major Breakout in daily time frame as well. 2) Multiple Retracement ends up in downwards momentum (M-Pattern Formation: Showing down trend as well). . RR ratio should be calculated and trade should be taken accordingly.