STATE BANK OF INDIA WEEKLY BREAKOUTState bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter
Sbin
ADANI PORTS Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
TATA STEELWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBIN - Ichimoku Bullish BreakoutStock Name - State Bank Of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross the key psychological Level of 500.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
HDFCWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Nifty Weekly Outlook for the Expiry Week ( Jun27th - July01 )Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 27 – July 01 )
Last Weekly Nifty witness resistance @ 15722 , while the pivot @ 15454 was held almost throughout the week.
Technically for this week on the daily charts minor support on the downside for Nifty50 index lies at 15546 levels,
whereas minor resistance on the upside is capped around 16104 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15333/15201 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16314/16447 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16609 suggests long term trend is Bearish .
Range for the week is seen from 15387 on downside and 16104 on upside.
Weekly Chart Suggest closing below 15454 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16317
RESISTANCE 3: 16104
RESISTANCE 2: 15891
RESISTANCE 1: 15759
WEEKLY PIVOT LEVELS: 15546
SUPPORT 1: 15333
SUPPORT 2: 15201
SUPPORT 3: 14988
SUPPORT 4: 14775
All above views for education purpose only.
Regards,
MD .
SBI This is a rise or not ?NSE: SBIN
If Breaks Then The Targets could be Taken at 472.55
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and \shoulder
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
Made By MAYANKTECHRESEARCHING
Nifty Spot Weekly Outlook for Jun20 -Jun 24thFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 20 – June 24 )
Last Weekly Nifty witness selling pressure below 16057 , while the pivot for the week @ 16327 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 15185 levels,
whereas minor resistance on the upside is capped around 15722 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15019/14751 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 15888/16157 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16673 suggests long term trend is Bearish .
Range for the week is seen from 14751 on downside and 15888 on upside.
Weekly Chart Suggest closing below 15100 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16425
RESISTANCE 3: 16157
RESISTANCE 2: 15888
RESISTANCE 1: 15722
WEEKLY PIVOT LEVELS: 15454
SUPPORT 1: 15185
SUPPORT 2: 15019
SUPPORT 3: 14751
SUPPORT 4: 14482
All above views for education purpose only.
Regards,
MD .