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Swing Opportunity in AU Small Finance BankGo Long above 1128.4 for Targets of 1195.8, 1263.2, and 1330.6 with SL 1061 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level. 3. A bullish candlestick pattern ( Bullish Engulfing ) marked with the orange color is formed around 0.618 Fibonacci level. 4. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up. 5. In addition to this the stock is forming an ascending channel pattern.
NSE:AUBANKLong
by Nimish_Ghagare
Swing Opportunity in DR Reddys LabsGo Long above 4699.1 for Targets of 4861.2, 5023.3, and 5185.4 with SL 4537 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from around 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level. 3. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock. 4. There is a trendline (marked with green color), which is providing resistance to the stock so we have placed our final target just below it.
NSE:DRREDDYLong
by Nimish_Ghagare
Swing Opportunity in Federal BankGo Long above 80.6 for Targets of 83.05, and 85.5 with SL 78.15 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish candlestick pattern ( Bullish Hammer ) marked with the orange color is formed around 0.618 Fibonacci level. 3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up. 4. The stock may go up to the trendline where it may face resistance.
NSE:FEDERALBNKLong
by Nimish_Ghagare
Technical Analysis: Bearish marubozu keeps AUDUSD seller hopefulDespite recently bouncing off a monthly low, AUDUSD remains pressured around 20-DMA during early Wednesday. The risk-barometer pair dropped the most in a week while flashing a bearish candlestick on the daily chart. The anticipated declines also gain support from the absence of the oversold RSI conditions. However, July’s low of 0.7288 acts as a trigger for the fresh fall. Following that, 23.6% Fibonacci retracement level near 0.7225 and 0.7155 could offer intermediate halts during the south-run targeting the yearly low near 0.7105. Alternatively, 50% and 61.8% Fibonacci retracements of the pair’s late June to August 20 downside, respectively near 0.7360 and 0.7420, can guard the quote’s rebound. Also challenging AUDUSD bulls is the monthly high near 0.7480. Should the Aussie pair rises past 0.7420, odds of its rally towards the July month’s peak near the 0.7600 level can’t be ruled out.
Short
by MTradingGlobal
Amara Raja Battery - Potential Long Amara Raja Battery - Bullish Strategy Stok has corrected from almost 300 points and it seems that it has completed Time and Price wise Correction. Risk Reward is Looking Favorable and one can Bet on this. Price is on important weekly support and formed Hammer Candlestick Pattern of its Demand/Support Zone. Aggressive Traders can Buy on current levels Buy Price = 675-685, SL = 660, Targets 730 - 760 ** ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE THIS IDEA IS PURELY FOR EDUCATIONAL PURPOSE **
ALong
by kiranmali
Swing Opportunity in DCB BankGo Long above 88.65 for Targets of 93.75, 98.85, and 103.95 with SL 83.55 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level. 3. A bullish candlestick pattern (Bullish Engulfing) marked with the orange color is formed around 0.618 Fibonacci level. 4. Also there is a strong demand zone (marked with green color), from which the stock initially faced resistance but now is taking support and moving up. 5. The stock may go up to the trendline where it may face resistance.
NSE:DCBBANKLong
by Nimish_Ghagare
Inside Bar and Symmetrical TriangleThe stock is continuously in uptrend and consolidating within Inside Bar from past six months. In weekly time frame, symmetrical triangle breakout observed in chart and if high wick of inside bar surpass by the stock, it will be a great opportunity to execute trade. Point to understand: 1. Inside Bar : candlestick patterns form within the bounds of prior highs and lows , generally use for intraday/short term trade but in HDFC bank stock price is range bound within inside candle for more than 180 days means support & resistance are high and low of one weekly candle ,quite significant candle for price action. 2.Symmetrical Triangle : simple pattern and most effective pattern depicts continuation of trend, forms a triangle-like shape also known as pendant with multiple and resistance. In chart stock as given pattern breakout (highlighted in circle). Advice: Triangle pattern breakout (+) inside bar breakout = LONG TRADE Note: Consult your financial advisor before trading or investing.
NSE:HDFCBANK
by Indieconomic
1
Swing Opportunity in Union BankGo Long above 35.1 for Targets of 36.05 and 37 with SL 34.15 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. A bullish candlestick pattern (Bullish Hammer) and (Bullish Harami) marked with the orange color is formed around 0.5 Fibonacci level. 4. Also there is a support zone (marked with purple color), from which the stock is taking support and moving up. 5. The stock can go up to the trendline where it may face resistance.
NSE:UNIONBANKLong
by Nimish_Ghagare
Swing Opportunity in Bandhan BankGo Long above 300.55 for Targets of 308.8, 317.05, 325.3, 333.55, and 341.8 with SL 292.3 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. A bullish candlestick pattern (Bullish Inverted Hammer), marked with the orange color is formed around 0.5 Fibonacci level. 4. Also there is a strong demand zone (marked with purple color), from which the stock is taking support and moving up. 5. The stock can go up to the trendline where it may face resistance.
NSE:BANDHANBNKLong
by Nimish_Ghagare
Important levels for SONACOMS(POC) if on 12th aug 2021 market opens in a positive(ABOVE POC) then taking the conformation of bullish trend by candlestick we can see a easy rally towards target 1 ,2,3 if market opens on a flat note avoid taking trade if market opens in bearish side seeing bearish conformation we can see our target #1 and #2 Disclaimer :- Trading is very risky please analyze the stock by your own and take the trade on your risk. Levels which are provided above are just for a simple idea about the stock and for educational purpose.
NSE:SONACOMS
by ABHI_71001
Swing Opportunity in GMR InfraGo Long above 29.45 for Targets of 31.2 and 32.95 with SL 27.7 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. In addition to this, a Bullish Candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level. 4. Also there is a Demand Zone (marked with purple color), as the stock was facing resistance from this zone and after the breakout, it is providing support to the stock.
NSE:GMRAIRPORTLong
by Nimish_Ghagare
Swing Opportunity in Bharti AirtelGo Long above 542 for Targets of 565, 588, and 611 with SL 519 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level. 2. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.382 Fibonacci level. 3. Also there is a trendline that is providing support to the stock and today it formed Bullish Engulfing.
NSE:BHARTIARTLLong
by Nimish_Ghagare
Swing Opportunity in Strides PharmaGo Long above 780, Targets of 828.45, 876.9, and 925.35 with SL 731.55 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.618 Fibonacci level. 3. Also there is a strong demand zone as this level is acting as a support to the stock.
NSE:STARLong
by Nimish_Ghagare
Swing Opportunity in TCSGo Long above 3204.55, Target 3276.7, and 3348.85 with SL 3132.4 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.618 Fibonacci level. 3. Also there is a strong support zone (marked with purple color).
NSE:TCSLong
by Nimish_Ghagare