Good Morning Traders,
Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some...
1. Trend - Bullish
2. Trend Reversal - Probable Double Bottom
3. Early Entry - Before break of neck line
4. TSL can be Aggressive SL for aggressive traders else 34029 level would be a proper room to cover up the volatility
1. Stock is penny, but chart shows strength
2. Risk to reward is 1:80 for long term
3. Only difficut part is holding period, but still worth the reward if this bull run continues for few more years
4. Small risk can be a worthwhile in such strong chart
Stock is recovery face . One can take early entry bcoz I think it may give sipke as u can see volume contraction. Safe trader can wait for healthy green candle. It's for education only.
Hey Pivster's ★
Found out one interesting query in a public forum and thought to provide the explanation through a chart so that it can be documented for reference in future.
Chart is actually self-explanatory as marked and constructed accordingly 🫶
◉ Query:
"During uptrends prices make lower highs whereas RSI makes lower lows..this is called positive...
CIPLA
Positive -
-- A good reversal seen from 200 EMA Support
-- Company is in growth condition as per research
-- A tweezers top pattern seen at support level
Negative -
Low volume spikes in reversal
Support - 852
Upside movement til - 1083, above 1000 & Above 1083 approx 1200
This chart is only for educational purpose
Hello friends,
Today i am posting #hdfcbank next month expiry trade.
Since last 2 weeks market is bearish so now it should hold for bound back or hold here because Hdfc is taking support near 1600 - 1680 around so it would be good chance to take trade on bullish side this week.
If it cross and close above 1600 then it will take good move up side. so keep this...
Hii All...
Greetings....
Today I'm sharing with you Daily Charts of Nifty Pvt. Bank, we can see a very clear Head & Shoulder Pattern which has already Formed.
Head & Shoulder Pattern is Trend Reversal pattern.
I'm currently having bearish view in Nifty Pvt. banks.
However on closing basis if upper resistance is breached. The we can consider Failure of Head...
It is currently a risky positional trade but the stock is looking strong near support trendline.
A bear trap has been formed near the same.
Levels are mentioned on chart. Risk reward is favouring the trade.
My strategy TVC:GOLD for today
After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States.
Gold prices continue to face...
Hikal is standing on a strong support trendline.
Stock can reverse from CMP. SL and target on the chart.
Not a recommendation but a reversal idea shared for educational purposes
Dhani is a stock which has crashed in the past few years and I am not a big fan of trading in such stocks.
However, the stock is looking technically attractive for minimum target of 60 and above.
Reason:-Trendlune breakout with higher high, higher low formation wit a positive RSI divergence
Try to enter at around 35 with an SL below 26 DCB.
This is an high...
TECHNICAL ANALYSIS :
THREE DRIVES HARMONIC PATTERN -
Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon
DOJI PATTERN -
Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend
HAMMER PATTERN -
Also a hammer pattern is formed which again...
-- What company do - The company provides solution in Low Voltage, Medium Voltage and Industrial Automation (Source -Finology)
-- Time Frame - Daily
-- Study - Volume analysis on seller circuit day and prediction of the next day
Stock after announcing flat results had 2 seller circuit, in which retailers try to exit because before few days of...
Pharma sector stocks have given a good bullish momentum in the past few months.
If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation.
Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!
Indigo paints had a bumper listing during its IPO with 100% premium over issue price.
However, since its listing, it has been in a downtrend and has corrected to an attractive valuation.
The stock has already broken the downtrend and is now looking strong for a new upmove.
The targets and SL are given in the chart. One can enter at CMP if his/her outlook is of a...
Banknifty has broken its structure, that means price is getting into a retracement.
Now on intraday its most likely to sell on rise.
Wait for support to break and turn it into resistance or if gap up then short near resistance.
There is also a probability that market can trap buyers by retesting a recent high and then fall sharply.
