BULLISH FLAG BREAKOUT ON WEEKLY CHARTSVSSL has given a bullish flag breakout on weekly charts. Breakout is supported by volumes. Length of pole is 244. Breakout at 280. So target comes to 524/-. SL can kept below 260/-.
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J&K Bank - Breakout on weekly chartsJ&K Bank - Buying levels marked on the charts. Can see for 48-50 levels in short term
Bank Nifty 34,400 levels on charts In this we will discuss the bank nifty levels for tomorrow, 27 June and understand how to take trades and what to do when the market opens Gap Up. Do watch the video till the end and follow my levels.
This is bank nifty chart on the One hour time frame. Friends, if you notice that Bank nifty has closed at 33,700 levels on Friday. Now this is a crucial Gap Resistance levels for tomorrow.
So as per my analysis, I can see a clear Gap up of 300 points in bank nifty tomorrow and we might open above 34,000 levels. Happy naa, yes we will open Gap up on Monday. Will this gap up sustain or not after opening is the issue?
In the past also the gap ups have been sold out.
If we sustain this gap up tomorrow, then we will hit 34,400 levels.
This is a strong zone of resistance for bank nifty as it’s a Gap resistance which is marked on the chart by red horizontal line. I will try to close my long trades here at 34,400 levels and wait for any bearish trade entry if we fail to break 34,400 levels on the daily time frame.
My tomorrow trade plan in bank nifty will be, considering that if we sustain the gap up open after market open, then I will go long in bank nifty futures at 33,930 levels and keep a target of 34,400 levels with stop loss at 33,810 levels. I will maintain a bullish outlook for bank nifty tomorrow till we hit 34,400 levels on charts.
Maruti: A Buy on Inverted H & S on weekly chartsMaruti Suzuki India is about to breakout from base line on weekly charts. Forming a strong inverted head and shoulders pattern. A strong break could well lead it to 11000 over next 3 to 4 weeks time. If will face very strong resistance in 10000 zone where it had made the last all time high. The interent strength of the company and patience of investors will pay off good returns. Happy Investing!
Cyient 900 looks like coming soon on the chartsCyient - 900 looks like coming soon on the charts. It has broken the trendline and taken support too
EURUSD bears take a breather with eyes on 1.0760A one-month-old horizontal area probes EURUSD bears amid oversold RSI conditions, portraying a corrective pullback towards the late March low near 1.0945. However, a convergence of the 50-SMA and 100-SMA, as well as bearish MACD signals, can challenge sellers afterward. In a case where the SMA confluence fails to stop buyers, 1.1120 and the last monthly peak surrounding 1.1185 will act as validation points before giving reins to the bulls.
On the contrary, fresh selling should wait for a clear downside break of the aforementioned horizontal support around 1.0885-80. Following that, the yearly low near 1.0800 will be quick to return to the charts. Though, the 61.8% FE of February-March moves near 1.0760 could test the EURUSD bears afterward. If at all the pair refrains from bouncing off the 61.8% FE level, the year 2020 bottom surrounding 1.0635 will be in focus.
banknifty set to breach 50EMA on weekly chartsBanknifty is looking strong on the weekly charts. It has taken support of 100EMA and closed just below 50EMA. PCR is above 1 probably indicating that the fears are behind and bankning stocks are set to rebound. Another indication is that FIIs sold for just 177cr. Crude bounced back and is currently trading at 103USD, much much lower than the doomsday predictions of 200USD/barrel. Not everything is fine, VIX is still rising and stayed above 25.6. Issues are yet to be resolved. But the fear seems to have been factored in. What do you think?
Reliance charts Reliance looks bullish from here
above 2395 it will touch 2420,2450 in coming days.
also formed ascending triangle on charts.
sharing views for educational purpose only.
Nifty medium term analysis based on Weekly ChartsNifty is trading at support levels on weekly charts.
1. If Nifty breaks & closes below the trendline support may indicate loss of upward momentum (from Dec'20).
2. If Nifty breaks & closes below previous swing low of 17613 on weekly basis (previous swing low), it will confirm down trend with targets of around 16000-16200 levels
3. If Nifty closes above previous swing high of 18605 on weekly basis (previous swing high), it is likely to make new All Time Highs (ATH) around 20,000 Levels.
SECURKLOUD- FLAG AND POLE BREAKOUT-WEEKLY CHARTSSECURKLOUD- FLAG AND POLE BREAKOUT-WEEKLY CHARTS.
POLE SIZE Rs 95, breakout level 130+95=tgt 225, ]
Weekly resistance at 205, so tgt range 205-225.
Likely time duration 5-6 weeks. Strong ADX,
SL 104 WCB.
BOLLINGER BLAST WITH GOOD VOLUMES
#dcw 50MA>200MA on weekly charts with volume. Rounding bottom formation weekly charts.
Ascending Triangle BO on daily chart.
MA crossover.
Increasing Volume.
For educational purpose. Trade at your on risk.
Rounding bottom on daily/4hourly charts. Buy NMDC FUT 192-194. TGT 200/205. Invalid below 187 on DCB. Good rounding bottom breakout on daily/4hrly charts
Bajaj Finance breakout seen on Daily/Weekly/Monthly charts
Bajaj Finance can be clearly seen to be giving breakout in the Daily, Weekly and Monthly Charts.
The pattern seen is Inverted Head and Shoulder.
Looks a good buy for Medium term.
Symmetrical Triangle formation on Daily ChartsApollo Tubes has formed a symmetrical triangle pattern on the daily charts. Looks bearish for a downward break.
Bajaj Finance waiting Breakout on Daily chartsThis stock has formed an inverted HNS pattern on daily charts. As the last highest swing is very close to the spot price, we should wait for it to cross the high.
Buy Indiabulls Housing finance on Weekly ChartsBuy Indiabulls Housing finance on Weekly Charts.
INVERSE FLAG PATTERN
Let it break upper or lower range as shown in image.
Birla Soft, Strong on charts. Birla Soft is very good and strong fundamentally.
On charts its looking ready for good moves.
But market sentiments are important.
Will initiate trade once resistance are broken with good volumes.
Keep watching.
R1=272
R2=284.
##Always do self analysis before you trade. Profit is yours and so is your loss. ##
Infosys Cup & Handle on daily chartsInfosys is on the verge of the breakout in anticipation of Q4/ Annual results. It has formed a classic cup & handle pattern on daily charts. NSE:INFY
Solar Industry is giving multiyear breakout on weekly chartsSolar Industry is giving multiyear breakout on weekly charts.
Inverted Head and shoulder in NCC limited on weekly charts.Clear head and shoulder in NCC ltd on weekly charts with master candle breakout having good volumes.
Breakout on weekly charts Kesoram, slow moving mule of a stock is showing signs of life on it weekly charts. Can be studied with a minimum of 3 months trading outlook and a target of 86 a good place to place a positional closing basis stop loss 59.
