Reversal
Rising Wedge in TCSRising Wedge pattern is formed in Daily chart of TCS.
one can try long position to catch range movement...else wait for trend reversal and might take a consolidation on nearest demand zone.
DLF 10 YEARS BREAKOUT [ COMMING OUT OF HIBERNATION]DLF Has given a big breakout after almost 10 years of consolidation.. Though the breakout happened earlier it got failed because of covid second wave. It has formed a big base at the bottom and usually the more bigger the base , the bigger is the upward move. Its like constructing a building , the bigger the base below the ground the stronger and taller is the building. Real estate sector is in boom. There are few reasons behind it. First of all RERA Act has reduced a lot of uncertainty and fraud in the sector.
The owner of the land are looking for bigger developers . Developers now have to open a escrow account for all transaction and make particular compliance certificates for
environmental, fire , legal etc. Skilled and educated people are now working and are being employed , where as earlier all unskilled people where working. The real estate sector is at almost rock bottom, so valuations are good. This sector can take time to move but looks really good both fundamentally and technically.
The Stock can take time to move Bearing the fact that there have been problem in this sector and company. But the targets are very high.
Edelweiss Financial Services Triangular Pattern BreakoutEdelweiss Financial Services has been in a sharp downtrend since long. Now it seems a reversal can happen. Triangular breakout and bottom seems to be capped. Rakesh Jhunjhunwala has increased his stake in it. Its peers have been performing like motilal oswal, IIFL Finance. So this can also show a re rating. Looks like a good buy.
ADANITRANS : Reversal possible Based on Strategy#2, reversal can be possible from Zone line.
Good risk reward possible here. Next day after no lower circuit can be good entry
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ETHUSD GO UP BUYNow we looking to the market got pullback to push the market to up ,so take a buy trade,GOOD LUCK
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.’TAKE A TRADE, SIT BACK AND RELAX
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Candle Pattern Formation In BHEL , Possible Reversal !The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle, makes the sellers nervous and then we may see a reversal and up move after the bullish harami candle. The buyers come back into action once they see a bullish harami post a downtrend. The bullish haram in BHEL has formed near a crucial support or demand zone , this gives a double confirmation of a possible up move and we see on today's daily chart that price has moved up confirming the reversal !
XAUUSD GO DOWN SELLnow looking to the market get reversal on 1920 take a sell trade,GOOD LUCK
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SELL -1920
SELL 1783
TAKE A TRADE,SIT BACK AND RELAX
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Mentorship InstaView 30 June’21: Banks & Financial Disappoint
Nifty View: What could have been a firm positive close above 15,850 for the benchmark Nifty turned around as we noticed sharp selling within the banking and financial stocks that weighed the index down 129 points from intraday highs to close near 15,750. On daily charts, we have an “Outside Bar” with the short term trend on the verge of a reversal. Yes, short term charts are oversold, which can lead to a bounce back, but from here on today’s high of 15,875 will act as important resistance. Price weakness is likely to persist if this level is not taken out on the upside. On the downside, we have few levels to watch for of which the first one is at the previous swing low of (15,650-15,700). Strategically, we should not change our bullish bias, but keeping in mind the nature of the reversal which we observed today, it’s better to be a little cautious and be choosy in terms of picking our long trades.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
PARALLEL CHANNEL + BULLISH HARAMI POWER !BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was done by me only for educational purpose, feel free to share your views/feedback.
SBI Card is approaching the zone—upside potential of 15%+?NSE:SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level.
A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away.
Price action in this stock tends to be a little choppy, so best to be alert.
Bulls vs Bears: Nifty & Banknifty analysis + top stocks + levels#Nifty and #Banknifty saw a very interesting close to the week.
After painting a grim picture in the first half, they saw a V-shaped recovery which propelled price up to p.close. So unless you were looking at the charts and #priceaction, the EOD closing would show a flat day.
The indices have still formed an LH-LL formation, which isn't suitable for bulls. This might mean that unless we are able to see strong momentum resuming or an external trigger, we could see a little weakness.
Yesterday, the basis hinted at a negative bias. Today, it appears to be flat.
Wait for the weekly analysis video for more!
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660 ---15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640 --- 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
l&TFH LONG Trend line support The Stock took support at trendline and 0.5% retracement level so wait for any reversal and took the position or else wait for a breakdown
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Globus Spirits Reversing at SupportGlobus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.
Lincoln Pharma reversing?NSE:LINCOLN retraced till 23.6% FIB level and appears to be taking support now. RSI has also bounced up from 40 and is now above 50, aka in the bullish bias zone.
Interestingly, the support zone is right at a previous high.
Risk is limited as a failure to hold the 23.6% level or the previous high can negate the view. The pharma index, NSE:CNXPHARMA , saw good support today and RSI has bounced up from 60 which might indicate that the sector is readying for the next leg of its bull run.
Bata Candlestick Interpretation Candlestick Interpretation
After a downtrend ; Bullish Hammer , Bullish Engulfing , Inside bar , accumulation zone are formed as a act of Fibonacci retracement in Daily chart.
Which gave a nice 11.8% profit with 3% stoploss.
INDUSTOWER Reversing from Support?INDUSTOWER was hovering around its old trendline support for the last few sessions and has finally given a decent upside move. Is it reversing from this support? Perhaps. Time to start building long position. Further longs can be added once we get a retracement followed by continuation.
Hero Motor Corp Reversed By taking support on long-term moving average hero motor corp reversed. RSI, MACD and are not suggesting much of a bullish move so taking confirmation above 3050 is a must for any long-term position.
Hudco is showing signs of reversal With positive volumes and RSI & MACD Giving positive signal. Good upward move can be expected in hudo.
M&M FIN 15% Upside - Bullish Can Go LongM&M Fin can show 10-15% upside in coming weeks, all levels maintained in chart. Buy above 165 only if daily candle closes above that. Target-1 : 190, Target-2 : 200.
We are not SEBI registered analyst or advisor please consult your financial advisor first before taking any position, Thank you!
