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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
BEARISH ON US COFFEEBearish clues: - Coffee price have bounced off bearish channel resistance - The hourly uptrend line has been broke - Candlestick shows indecision at the top and the strength of the sellers Objective: Coffee could decrease to the 148.000 US level, which corresponds to a strong support zone, and then maybe to the 145.000 US level, which corresponds to the bearish oblique support of the bearish channel. Feel free to share, comment and give your opinion if it is constructive ;) DISCLAIMER: This is not investment advice
ICEUS:KC1!Short
by ViclreTrade
Swing Opportunity in Jubilant FoodGo Long above 3192.1, for a Target of 3312.9 with SL 3071.3 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 0.382 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level. 3. In addition to this the stock gave a Trendline breakout. 4. Also a Bullish candlestick pattern (Bullish Engulfing) is formed around 0.382 Fibonacci level.
NSE:JUBLFOODLong
by Nimish_Ghagare
Nifty: Spending whole day between levels predicted in last postNifty - earlier we had discussed the importance of 15628 and 15735 and Nifty made a low of 15635 and high of 15737 that day. - In our previous post we had given levels of 15804 - 1840 levels for today That is exactly where we have seen Nifty spend the whole day today. - on a 15 minute chart - First candle, Nifty closed at 15807 and (3 points above 15804) - last candle closed at 15838 (2 points below 15840) Need we say anything more... Charts have a lot to tell you... are you willing to listen? Going forward, Nifty 15742 should be held on to. On the upside, further movement towards 15915 / 16020 can be expected only on sustaining above 15865 We were able to capture Nifty movement with the help of Technical Analysis and Derivatives Strategy. 🙂 Our strategy update We had suggested selling Nifty 15700 Put option for 15 July expiry 15700 Put (suggested selling at 120) closing price today: 52 Profit of 68 points so far. Continue to hold Happy trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
2
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241. Confirmations: Morning star candlestick pattern : Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend. Breakout : Symmetric triangle pattern breakout with a Large bullish candle. Volume : Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA. MACD : MACD crossing above zero is considered bullish. MACD histogram showing positive strength. Histogram bars are increasing. RSI : RSI is above 60. Its a good sign for a bullish trend with a good strength. Here I have considered target from resistance line near 241. Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
NSE:ABFRLLong
by AmeyKajarekar
Swing Opportunity in Kotak BankGo Long above 1777.3 for Targets of 1823.3, 1869.3, 1915.3, 1961.3, and 2007.3 with SL 1731.3 Reason to go Long : 1. The stock is forming a bullish chart pattern, Inverted Head & Shoulder. 2. 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. 3. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.382 Fibonacci level.
NSE:KOTAKBANKLong
by Nimish_Ghagare
Swing Opportunity in Hdfc LtdGo Long above 2524.3 for Targets of 2597.6, 2670.9, and 2744.2 with SL 2451 Reason to go Long : 1. The stock formed a bullish chart pattern, Cup & Handle pattern. 2. 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. 3. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.618 Fibonacci level.
HLong
by Nimish_Ghagare
2
Swing Opportunity in HavellsGo Long above 985.05, for a Target of 1012.1, and 1039.15 with SL 4312. 05 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 Demand Zone (marked with a green rectangle) around 0.618 Fibonacci level from which the stock is taking support and moving up.
NSE:HAVELLSLong
by Nimish_Ghagare
Swing Opportunity in Bank of IndiaGo Long above 82.1 for Targets of 91.1 and 100.1, with SL 73.1 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 candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level. 3. In addition to this, the stock is forming a symmetrical chart pattern and can give upside movement if the upper trendline breaks.
NSE:BANKINDIALong
by Nimish_Ghagare
Swing Opportunity in HindalcoGo Long above 397.6 for Targets of 413.85 and 430.1, with SL 381.35 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 Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level. 3. Also there is a Demand Zone (marked with a green rectangle ) around 0.382 Fibonacci level from which the stock is taking support and moving up. 4. In addition to this the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.382 Fibonacci level. 5. Also there is a high chance that stock can give a trendline breakout.
NSE:HINDALCOLong
by Nimish_Ghagare
Swing Opportunity in LarsenGo Long above 1519.6 for Targets of 1561.2, and 1602.8 with SL 1478 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 Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level. 3. The stock was facing resistance from the trendline earlier and now after giving breakout, the trendline is acting as a support.
NSE:LTLong
by Nimish_Ghagare
Swing Opportunity in Union BankGo Long above 35.55 for a Target of 36.9 with SL 34.2 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 the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.618 Fibonacci level. 4. In addition to this there is a Trendline providing support to the stock (marked with green color). Our Target is placed just below the Trendline providing resistance to the stock (marked with red color). 5. If the stock gives a breakout then we can expect higher targets and the gap can also get filled.
NSE:UNIONBANKLong
by Nimish_Ghagare
Swing / Positional Opportunity in Mahindra and Mahindra FinanceGo Long above 161.1 for Targets of 169.6, 178.1, 186.6, 195.1, 203.6, and 212.1 with SL 152.6 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. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed around 0.618 Fibonacci level. 3. Also there is a demand/ supply zone (marked with a green rectangle ) around 0.618 Fibonacci level. 4. In addition to this we can see there was a huge volume in today's (20 May 2021) trading session as compared to previous sessions.
NSE:M&MFINLong
by Nimish_Ghagare
3
Swing or Positional Opportunity in Hcl TechnologiesGo Long above 912.1 for Targets of 927.7, 943.25, 958.85, 974.5, 990.15, 1005.65, and 1021.25 with SL 896.5 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 Demand Zone (marked with a green rectangle ) around 0.618 Fibonacci level from which the stock is taking support and moving up. 4. Also the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.618 Fibonacci level.
NSE:HCLTECHLong
by Nimish_Ghagare
2
Swing opportunity in Bharat Dynamics LimitedGo Long above 336.85 for targets of 347.75, 358.5, and above, with SL 326 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. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout. 3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
NSE:BDLLong
by Nimish_Ghagare
Swing Opportunity in Piramal Enterprise Go Long above 1715.9 for targets of 1777.4, 1838.85, and above with SL 1654.5 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. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level. 3. Also there is a demand/ supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
NSE:PELLong
by Nimish_Ghagare
Coal India: Channel Trade potentialCoal India Closing Price 129 Observation - Stock is trading in a blue channel - currently at lower end of the channel - we observe a Bullish Harami candlestick pattern at lower end of the channel - convergence of 50 day EMA and 200 day EMA around 140 - 136-142 is a crucial band for the stock - important for the stock to give a weekly close above the red dash trendline to increase the probability of up movement View Target for the current set up:- Short term 136 / 142 Medium term 160 Long term 196-220 Stop Loss Short term Close below 125 Medium term Weekly Close below 119 At current levels, and based on the other technical indicators and pattern, the stock provides a good risk::reward ratio to go long F&O strategy Sell 29 April 2021 125 Put option Buy 29 April 2021 120 Put option The strategy provides roughly 13% of reward potential on Margin requirement till 29 April 2021 Take care & safe trading...!!! Disclaimer : - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:COALINDIALong
by indiamarketoutlook
1