Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
I will avoid the short case. Fundamental Reason.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
1) Bearish Divergence on double top--- volatility divergence on Bollinger band also -- inside bar candle
2)Difficult to give same volume growth in next quarter+
3) SL -1767
Risk
1) bull run stock- will face resistance in falling more than 5-6% as significant money is hiding in it
DALMIABHA can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar after pin bar.
MACD also confirms an up trend and facing up and also above zero line.
Risk Reward 1:2.
Nifty 50 index In the Last Trading session month of March, opened negative by taking cues from weakness of Global market and after its consolidation it fell down towards 10100 zones. It formed a Bearish candle on the daily scale followed by a Doji which indicates that selling pressure is being witnessed at higher levels.
Now after long Holiday if it sustains Only...
In the Last Trading session month of March Nifty 50 index opened negative by taking cues from weakness of Global market and after its consolidation it fell down towards 10100 zones. It formed a Bearish candle on the daily scale followed by a Doji which indicates that selling pressure is being witnessed at higher levels.
Now after long Holiday if it sustains Only...
Today Fortis Heath has formed a Inside Bar in a Falling Market with Huge Volumes.
It looks like Fortis Health has build a Base at 142.15 levels or so.
Yesterday it checked those levels where it has found support on 5 times earlier.
Hence it is a strong support & expected to hold.
We can buy at 150 levels and look initially for targets of 155/160/164.
I suggest...
Daily chart of banknifty shows an inside bar formation. On breaking 21274, price will move towards 21400. Banknifty is buy above 21200 with the stoploss of 21150. Targets are 21300 and 21400.
As posted earlier
BANKNIFTY: 20252 strong resistance 20500 , support 19980
Currently BN is trading with in an inside bar, we may move side way with in 19980 _20462.
It was given a bullish scenario in the past on crossing the TL at 19980
for a target 20430 _20560, which actually was a pivot, volatility and Trend Line confluence level ,
which worked well for a...
BANKNIFTY: 20214 strong resistance 20500 , support 19980
Currently BN is trading with in an inside bar, we may move side way with in 19980 _20462.
It was given a bullish scenario in the past on crossing the TL at 19980
for a target 20430 _20560, which actually was a pivot, volatility and Trend Line confluence level ,
which worked well for a target up to 20462. But...
