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JUBLFOOD: 3rd Time Lucky? Now this is an interesting chart wherein I have highlighted three theoretically bullish patterns. Highlight # 1 and 2 are both Bullish Harami pattern wherein #1 lacks the existence of a well-defined down trend. Comparatively #2 was better off with an erstwhile decent sized down trend. Did not play out that well as we do not notice any bounce back. Now we have another Bullish Harami pattern (Highlight # 3). And this time it has the punch of an Inside Bar as well which points out a definite sign of range contraction. Clubbing this set-up with the fact that the RSI indicator has corrected well enough and now at the edge of trend reversal does raise a case for a prospective support. First sign of a bounce back comes once the stock scales above the high of the “baby” candle at 2245 and a better confirmed move once the high of the “mother” candle at 2265 is breathed. 3rd time lucky for JUBLFOOD this week ahead? Trade Well. Trade Wise.
NSE:JUBLFOOD1!Long
by Abhijit_Paul
1
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -BANKNIFTY IS IN A STRONG UPTREND -PENNANT FORMATION ON HOURLY CHART -WAITING FOR A DECISIVE BREAK AFTER A GOOD CONSOLIDATION -V SHAPE RECOVERY VISIBLE IN DAILY CHART -INDEX IS FORMING A BASE ABOVE 24200 IS A STRONG SIGNAL FOR BETTER THINGS TO COME -EXPECT HIGHER IMPLIED VOLATILITY TILL NOV 4TH -WE ARE TRADING ABOVE 24200 FOR 4 DAYS NOW -YESTERDAY INDEX MADE AN INSIDE BAR -INDEX SUSTAINING ABOVE THIS LEVELS INDICATE STRENGTH -WORRIED ABOUT THE BANKNIFTY PREMIUM SHOULD COME DOWN FOR A GOOD SMOOTH RALLY -CRUCIAL SUPPORT COMES IN @24200 -CRUCIAL RESISTANCE COMES IN @24850-24870 -NO DASH TRADES TO DAY 24850-24870 -WAIT AND WATCH APPROACH IN INDEX BANKNIFTY FUTURES DASH TRADE -IF INDEX CROSSES ABOVE 24870 BUY@24875 STOP@24380 TARGET-1@25080 TARGET-2@25200 TARGET-3@25350 QTY=200 BANKNIFTY RESISTANCE FOR THE DAY 25200-24870-24740 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 24380-24200-23950 ( FUT ) !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!HAPPY TRADING!! !!PLEASE LEAVE LIKE!! !!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!
NSE:BANKNIFTY1!
by manavtechresearch
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -BANKNIFTY IS IN A STRONG UPTREND -V SHAPE RECOVERY VISIBLE IN HOURLY CHART -INDEX IS FORMING A BASE ABOVE 24200 IS A STRONG SIGNAL FOR BETTER THINGS TO COME -EXPECT HIGHER IMPLIED VOLATILITY TILL NOV 4TH -WE ARE TRADING ABOVE 24200 FOR 4 DAYS NOW -YESTERDAY INDEX MADE AN INSIDE BAR -INDEX SUSTAINING ABOVE THIS LEVELS INDICATE STRENGTH -ANY CORRECTION TOWARDS 242250-24150 IS A BUYING OPPORTUNITY -INDEX IS CREATING HIGH HIGHER AND HIGHR LOW FORMATION FOR 4 CONSECUTIVE DAYS -WORRIED ABOUT THE BANKNIFTY PREMIUM SHOULD COME DOWN FOR A GOOD SMOOTH RALLY -CRUCIAL SUPPORT COMES IN @24200 -CRUCIAL RESISTANCE COMES IN @24850-24870 -NO DASH TRADES TO DAY 24850-24870 -WAIT AND WATCH APPROACH IN INDEX BANKNIFTY FUTURES DASH TRADE -IF INDEX CROSSES ABOVE 24740 BUY@24750 STOP@24300 TARGET-1@24900 TARGET-2@25080 QTY=200 BANKNIFTY RESISTANCE FOR THE DAY 25200-24870-24740 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 24380-24200-23950 ( FUT ) SCREENSHOT
NSE:BANKNIFTY1!
by manavtechresearch
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -BANKNIFTY CROSSES 24200 FINALLY -AGAIN LIKE NIFTY INDEX INSIDE BAR PATTERN BREAKOUT FOLLOWED BY MARABUZO CANDLE -BUT UNLIKE NIFTY BANKNIFTY INDEX MANAGED TO TAKE OUT ITS PREVIOUS HIGH -I HAD EXPLAINED MANY TIMES BEFORE THAT I EXPECT BANKNIFTY TO OUTPERFORM NIFTY IN THE FUTURE -ONLY HURDLE IN THE INDEX IS THE HIGH PREMIUM -THOSE WHO FOLLOW ME KNOW THIS CAN BE A TRAP FOR THE WEAK HANDS IN THE MARKET -PREMIUM ARE SO HIGH THAT A SHARP 250-300 POINTS CANNOT BE RULED OUT IN THE INDEX -BUT THIS CORRECTION IS A BUYING OPPORTUNITY -I EXPECT THE INDEX TO TRADE ANOTHER 1000 POINTS ON THE UPSIDE -CRUCIAL SUPPORT NOW KICKS IN @24200 -CRUCIAL RESISTANCE COMES IN @24700 -WAIT AND WATCH APRROACH IN THE BANKNIFTY INDEX DASH TRADE IN BANKNIFTY FUTURES -IF BANKNIFTY CORRECT TO 24200 BANKNFITY FUTURES TRADE BUY@24210 STOP@23910 TARGET@24710 QTY=200 BANKNIFTY RESISTANCE FOR THE DAY 25200-24740-24380 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 24200-23950-23540 ( FUT ) SCREENSHOT !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!HAPPY TRADING!! !!PLEASE LEAVE LIKE!! !!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!
NSE:BANKNIFTY1!
by manavtechresearch
BANKNIFTY TRADE SETUP FOR THE DAYINDEX SUMMARY -BANKNIFTY LIKE NIFTY INDEX MADE A INSIDE BAR FORMATION ON FRIDAY -EXPECT SOME INITIAL PROFIT BOOKING IN HDFC BANK ON MONDAY OPENING OR A BURST OF A RALLY -IF HDFC BANK IS EXPECTED TO OPEN ABOVE 3% ON MONDAY WE WILL SEE A MOVE OF MINIMUM 300 POINTS -ON THE OTHER HAND I EXPECT HDFC BANK RESULTS TO RUB OFF ON OTHER PRIVATE BANKS -IF BANKNIFTY CONQUERS 24200 AND STARTS TO MOVE ABOVE 24225 WE WILL SEE A BURST OF 1000 POINTS ON THE INDEX -BANKNIFTY ON HOURLY CHART SAW A DOUBLE TOP FORMATION BREAKOUT -ITS TOUGH TO MAKE ANYTHING OF YESTERDAYS MOVE AS IT WAS A EXPIRY DAY -AS EXPECTED DUE HDFC BANK LONG-BUILT UP FOR COMING DAY INDEX STARTED SEEING SHORT COVERING -EXPECT SUPPORT ZONES TO HOLD THE MARKTET BETWEEN 22700-22930 -INDEX BOUNCED FROM THE ABOVE EXPECTED LEVELS -CRUCIAL SUPPORT COMES @23030 NOW -CRUCIAL RESISTANCE COMES@24200 -WAIT AND WATCH APPROACH FOR THE INDEX -WAIT FOR DASH LEVELS BANKNIFTY RESISTANCE FOR THE DAY 23200-23500-23725 (FUT) BANKNIFTY SUPPORT FOR THE DAY 22930-22800-22700 (FUT) BANKNIFTY FUTURES DASH TRADE -IF INDEX STARTS TO TRADE ABOVE 24200 THEN, BANKNIFTY FUTURES TRADE BUY@24225 STOP@24025 TARGET@24525 QTY=200 -IF INDEX STARTS TO TRADE BELOW 23200 THEN, BANKNIFTY FUTURES TRADE SHORT@23190 STOP@23350 TARGET@22940 QTY=200 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!HAPPY TRADING!! SCREENSHOT
NSE:BANKNIFTY1!
by manavtechresearch
NIFTY TRADE SETUP FOR THE DAYINDEX SUMMARY -SGX NIFTY INDICATING A 70 POINT GAP-UP -AFTER BIG BEAR ROAR ON WEEKLY EXPRIY DAY BULLS SHOWED SOME SIGN OF FIGHT ON FRIDAY -NIFTY ON FRIDAY CREATED A INSIDE BAR PATTERN ON DAILY CHART -INDICATING INDECISIVENESS IN THE MARKET -SUPPORT ZONE COMES BELOW 11625-11585 -FIBONACCI INDICATES 50% AND 61.8% RETRACEMENT LEVEL AT 11630-11540 ON HOURLY CHART -IF INDEX STARTS TO TRADE BELOW 11580 WILL BE EVERY NEGATIVE -ON THE OTHERSIDE FOR INDEX TO MOVE HIGHER WE NEED TO SEE A INITIAL MOVE ABOVE 11815-11855 -LIKE IN THE PAST I HAVE MENTIONED WHENEVER INDEX CLOSES ABOVE 11853 IT MANAGES TO CROSS ABOVE 12000 -IF INDEX MANAGES TO TAKE OUT PREVIOUS HIGH OF 12015 INDEX CAN RALLY TO 12075 -WAIT AND WATCH APPROACH ON THE INDEX -WAIT FOR THE INDEX TO CROSS LEVELS TO ACTIVATE DASH TRADES NIFTY RESISTANCE FOR THE DAY 11795-11815-11854 (FUT) NIFTY SUPPORT FOR THE DAY 11680-11630-11580 (FUT) NIFTY FUTURES DASH TRADES BULL SCENARIO -IF INDEX CROSSES ABOVE 11815 AGAIN BUY@11817 STOP@11795 TARGET@11850 QTY=450 BEAR SCENARIO -IF INDEX CROSSES BELOW 11675 SHORT@11670 STOP@11705 TARGET@11630 QTY=450 SCREENSHOT
NSE:NIFTY1!
by manavtechresearch
NIFTY TRADE SETUP FOR THE DAY -SORRY MEMBERS FOR NOT POSTING YE-SORRY MEMBERS FOR NOT POSTING YESTERDAY -I WAS BUSY IN SOME IMPORTANT PERSONAL WORK INDEX SUMMARY -SGX NIFTY IS INDICATING A 50 POINT GAP-DOWN -INDEX WAS DEFENDED BY THE HEAVYWEIGHTS LIKE RELIANCE AND INFY -OTHERWISE INDEX WOULD HAVE CORRECTED MORE -YESTERDAY NIFTY INDEX ON DAILY CHART HAD CREATED A PATTERN CALLED "INSIDE BAR" -IF MARKET BREAKS LOW OF PREVIOUS DAY WE MIGHT SEE FURTHER CORRECTION IN THE INDEX -CRUCIAL SUPPORT COMES @11850 -CRUCIAL RESISTANCE COMES @11980 -FOR TWO DAYS WE ARE CONSOLIDATING AND THAT IS GOOD -HEALTHY MARKETS CORRECT TIME TO TIME -MATTER WILL GET WORSE FOR NIFTY INDEX IF IT CROSSES BELOW 11625 -BUT I DON'T SEE THAT HAPPENING SOON -ON HOURLY CHART NIFTY INDEX HAS TAKEN STRONG SUPPORT ON ITS 20-EMA -WITH GAP-DOWN IT WILL BE TAKEN OUT QUESTION IS WILL WE SEE FRESH BUYING AGAIN -WAIT AND WATCH APPROACH -DASH TRADES BELOW NIFTY RESISTANCE FOR THE DAY 11915-11950-11980 (FUT) NIFTY SUPPORT FOR THE DAY 11890-11854-11815 (FUT) NIFTY FUTURES DASH TRADES BULL SCENARIO -IF INDEX CROSSES ABOVE 11915 AGAIN BUY@11916 STOP@11896 TARGET@11938 QTY=450 BEAR SCENARIO -IF INDEX CROSSES BELOW 11860 SHORT@11855 STOP@11885 TARGET@11820 QTY=450 SCREENSHOT !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!HAPPY TRADING!!
NSE:NIFTY1!
by manavtechresearch