Get started

Reversal

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.
NSE:DLFLong
by adarshmanojsingh
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 !
NSE:BHELLong
by anusuabose92
2
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. 
NSE:NIFTY1!
by Abhijit_Paul
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.
NSE:BAJAJCONLong
by deswingmaster
1
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.
NSE:SBICARDLong
by MarketsWithKR
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 :)
NSE:NIFTY
by MarketsWithKR
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.
NSE:LINCOLNLong
by MarketsWithKR