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.
✅ Naukri Key highlights: 💡⚡ ✅ On 1Day Time Frame Stock Showing Reversal of Inverted head and shoulder Pattern. ✅ Strong Doji Candlestick Form on this timeframe. ✅It can give movement upto reversal target of 3860+. ✅ Can Go Short in this stock by placing stop loss Below 3540 or last swing Low. ✅ After breakout this can give risk:reward upto 1:2+.
Attached: Sensex Daily Chart as of 19th June 2023 The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart Observe: - A well defined trend line with multiple touch points - Presence of a Bearish RSI Divergence - Daily MACD already in Sell...
BEPL - Fundamentals- ZERO DEBT COMPANY Study - 1. Reversal from previous support levels 2. Reversal from Double top formation target near 101 3. Bonus Declared 4. Monopoly business of ABS material products Conclusion - Retest near 138-144 may be seen *Targets on charts are* T1- 171.45 T2- 210 Stop Loss - Near 120-125 Zone This chart is only for education...
Detailed Analysis has been posted in my YouTube channel. Do follow and subscribe if you like the analysis . I expect the market to be Bullish tomorrow. Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
RELIANCE FUT is in the making of 3 candle reversal pattern on daily charts, although its not confirmed yet. Its a conditional buy only after confirming breaking above above 2502.50. If it breaks above said level then its a buy with mentioned stoploss & targets.
Jubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value. The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels. However, this is a very...
2 major resistances of trendline and levels of 566. breakout can leads to reversal of trend and more upside move.
- We Might see reversal at 210 level and expecting it to go up lets see what happens. Note - Only of educational Purpose
"Delivery Idea 15-05-23 ALKEM (CMP: 3424.95) Buy Above: 3420 SL Below: 3375 Target: 3620"
UPL | Looks good buy with risk reward CMP : 667 SL : 590
DELHIVERY is forming HH and HL. Also Selling volume is reduced at lower levels. Expecting a volume spike in coming days. You can keep eye on it. One can add in the marked zone between 340-360. Stop loss will be close below the rising trendline
METROPOLIS healthcare has given a breakout from falling wedge pattern. This can be accumulated between the range 1290 to 1320. Safe traders can keep the Stoploss at 1230. It will be good buying idea if sustains above the falling trendline.
BASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon. Stock might face resistance at 2650 and 2800 levels. Kindly trade as per your own analysis since this idea is shared only for educational purpose.
GBPUSD look like a reversal from here Analysis your view on this Education purpose
Dabur showing support+bullish engulfing +breakout retracement go for buy above high of last candle for1:2 triple confirmation trade
Havells can short for atleast 1:2 on low breakout of doji,stock at resistanceas & high volume on doji candle with doji high above as sl
Tata Chem is looking hot for short term which can fetch good returns on the investments. Take your own bet