Trend Reversal1)From many days banknifty was correcting it's price.
2)Now that hourly resistance of 37000 is breaked.
3)We can expect a bullish trend if market moves out of this range.
Reversal
Dilip Buildcon LimitedReversal from demand zone in Dilip Buildcon Limited . Also there is bullish MACD crossover.
Axis Bank LimitedReversal from demand zone in Axis Bank Limited. Also there is bullish MACD crossover.
Hester Biosciences LimitedReversal from support zone in Hester Biosciences Limited. Also there is bullish MACD crossover.
Everest Industries LimitedReversal from support zone in Everest Industries Limited. also there is bullish MACD crossover.
Aegis Logistics LimitedReversal from support zone in Aegis Logistics Limited, volume is also seen increasing, RS line also shows strength.
Note: Time frame is weekly in this chart
HDFC Asset Management Company LtdWedge pattern in HDFC Asset Management Company Ltd and reversal started from support line with increasing volume.
Deepak Nitrite LimitedReversal from support zone in Deepak Nitrite Limited. volume is also increasing
Hindustan Uniliver on support WatchoutHindustan Uniliver on support Watchout
can hit stoplosses of many peoples and can give reversal,
Reversal possible from here
My personal Target is minimum 20% upside from here.
Trade on your analysis.
Happy Trading!
MCX Swing TradeNSE:MCX Swing Trade
Current Price : 1713
This Script perfect support on its trendline
I expect it will bounce back from its support line and try to brake the triangle formation
Target : 1880+
Stop loss : 1678
This is only for education purpose.
Follow for more update.
NiftyToday, the Nifty is trading near its best support zone of 17000/17280, with a good reversal candle...
BANKNIFTYNifty bank has been trading in an upward channel since April.
Nifty bank tried to break the resistance trend line but failed in the breakout.
BNF provided a volume breakdown yesterday...
Banknifty's best reversal zone is 36000–36400 (I am expecting a reversal at these levels).
NTPC TREND REVERSAL TO BULLISHNTPC found TREND REVERSAL on yearly chart daily time frame. green candle seen at 50 SMA Support after correction last few days whereas 20 SMA , 200 DMA at support level and also rising pattern .
Histogram also seen bullish trend reversal form.
BUY NTPC @ 138.10 ( above of previous day green candle high )
TARGET 142-145-150
stop loss 130 ( bellow previous support green candle low )
This analysis purely basis on technical indicators please take call after own study at own risk .!!
WISH U Happy Trading !!
UPL POSITIONAL VIEW - GOOD RISK REWARDBUY UPL AT CMP
TARGETS - 770, 830, 865++
SL BELOW 700 ON CLOSING BASIS
Disclaimer: All charts for educational purpose. Please consult your financial advisor before investing.
SHORT TERM deepak nitratestock bounce lots of time from support trendline so we expecting good move from deepak nitrate
educational purpose only
AMARAJA BATTERY | Risky Long SetupUnusual pullback after a long term downtrend in stock indicating weakness in present trend. Momentum of counter trend pullback is stronger than usual with MACD making fresh high since the last 9 months period. Price is also trading in a Channel right now and bounce from lower levels is visible here. A long trade can be made here with strict "stoploss" of 678 or conservative traders can use break of channel as a stoploss. First target should be around 740 and second target is Channel's upper band.
