Weekly chart of Oberoi Reality reaching near resistance of 1050 which was made in Nov'21. There can be 2 scenarios 1) Wait for pullback (if Nifty corrects) to 994-1000 zone which will give best R:R, 2) if close above 1050 then can enter for targets 1) 1142 2) 1189. SL any day closing below 964
In Monday's probable gap down, Divis lab should be available at good weekly support price of 3370-3463 price range. If anyone able to enter in this price range then targets 1) 3676 2) 3797. Weekly hammer candle also seen, keep eyes open for quick scalping of 3-5% gains.
Tata Consumer would have been an excellent pick for a swing but with Nations preparing for a probable Nuclear strike I wouldn't suggest going long at the moment.
This script looks excellent for a quick scalp. The first hour might see a correction but once the script starts moving, it's likely to gain a good upward momentum.
Remember - the first hour is crucial....
it can be possible to continue the trend after consolidation breakout in this scenario.
avoid if huge gap up happen, take if retest properly.
do your own study before taking any decision my analysis are for educational purpose.
In past 6 working days MOTHERSUMI almost gained 30%. Now expect a good retracement.
If MOTHERSUMI giving a gap up opening tomorrow, can expect a high volume of profit booking and obviously scalpers will also comes to market for shorting. That's why am expecting a high retracement !!!!
NIFTY TRADE SETUP FOR MONDAY
Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish.
if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. .
the market can be range-bound between 11110- 11180.
VEDL has seen a good day or two of range bound trading. I f VEDL crosses above 229.65 with volume tomorrow il buy for a scalp trade with targets of 231-231.50 and a stop of 228.30. i will trail my stops as and when these levels are reached till RSI turns downwards!