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ADANI ENT FLAG BREAKOUT ON CARDS SUMMARY *stock after major break of 1900 went on to make a new lifetime high of 2400+ *stock recently after results corrected till levels of 1900 the breakout zone *and now is back to continue its bull run *bullish flag is a continuation pattern *if holds through then adani ent is moving towards a new all time high TRADE SETUP *safe trades can enter when stock closes above 2250 on closing basis *since there are two patterns visible *2250 and above is safe to enter *2140 below 2150 will be our buffer stop *target on the upside initial is 2390 for short-term *once we cross and close above 2400 we will raise target towards 2500 *and according to extension of pattern a move towards 2600-2700 cannot be ruled out TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:ADANIENT1!Long
by manavtechresearch
HDFC RECTANGLE FORMATION BREAKOUT ON THE CARDS SUMMARY:- -stock has continuous support@2120 -with a rejection zone of 2280-2250 -once a close and breakout above 2280 is achieved -a target towards 2400-2430 will open up -stock is consolidating and trading in the range of 2120-2280 -since rectangle is an continutation pattern -it should break in the direction of the previous trend which is a breakdown -if such move is established then a move towards 2000 cannnot be ruled out -but on the daily chart stock seems to form a triple pattern -which is a reversal pattern bias is more towards a breakout on upside -in each case trade must be executed after breakout TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
HLong
by manavtechresearch
!!BANKNIFTY MAJOR TRENDLINE TEST!!WEEKLY UPDATE!!-index is witnessing short-covering after a major sell off -it seems like in shorter time frame the index may have made a double bottom -financials were the worst hit due to rise in dollar index,rising oil prices and rising bond yields -they share inverse correlation -last week on friday i had explained that a DXY has created a gravestone dojin on monthly chart -a close below 103 on monthly chart will confimr it for that we need to wait out -earlier i had also explained a note how BANK OF AMERICA had explained that inflation and bond yields had topped out -on the worst side we have already factored a rate hike in june by both fed and rbi -if you pay attention to my updates i have mentioned how a top in dollar/inr and banknifty bottom works -earlier i had also mentioned how INDIA will decouple from rest of the world -on the other side the measures by govt will help curb inflation -this is lead to added boost for the markets today LEVELS TO WATCH -a two hourly close above 34850 -if does we will have a trendline break which started from 38780 -a short term sharp bounce towards 34600-36200 will be witnessed -a smooth move later towards 37700-38200-38500 can be seen -eventually breaking higher DXY-USD/INR-US10Y-WTI CRUDE TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:BANKNIFTYLong
by manavtechresearch
NIFTY WEEKLY UPDATESUMMARY: -dxy cooling down to 101.5 -shooting star candle formation on monthly chart -US10Y@2.74% -wall street showing some sort of strength -now data last week was not good nor bad -is the sharp fall in usa market factored the worst or the worse is yet to come -question rises whether today nifty will break above its trading range of 15750-16420 -if does will it sustain or not -as a technical analyst i will choose the charts what do the chart say? -on daily chart nifty has broken and closed above 20-dma -vix indicator which was threatening to break above 25 level is now down to 21.5 -which is a very good sign -if in the initial hour nifty sustains above 16470 and vix corrects further -we will have a clear cut rally towards 16650-16670 as there is a gap that needs to be closed -if we take the range action then as discussed in previous conversation also -a range of 15750-16420 -gives a target of at least 16850-17000 -why 16850 as 16850 has taken multiple support and resistance -and we have seen in the past that whenever market closes above 16850 we do actually move towards 17430-17550 BANKNIFTY HAD GIVEN A RANGE BREAK TRADE CONTINUING THE TRADE PLEASE CHECK THE LINK BELOW FOR FURTHER UPDATE monthly chart of external factors daily chart of nifty TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:NIFTYLong
by manavtechresearch
BAJFINANCE ASCENDING SUMMARY:- *stock has broken from ascending triangle pattern *holding above 6000 *will look at previous resistance turned support level of 5950 as support zone *on upside stock can make a move for 6200-6250 *for early updates check the signature box below TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:BAJFINANCE1!Long
by manavtechresearch
1
INDHOTEL FUT TRIPLE TOP BREAKDOWNSUMMARY:- *stock is breaking below crucial support *it has broken the pattern on downside *it opens up target for 205-200-195 *it can even go lower but range break is achieved *sell on rise is advise for indhotels TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:INDHOTELShort
by manavtechresearch
NIFTY INDEX WEEKLY UPDATE-like discussed on friday index has decoupled with rest of the world -index has stopped falling below 15750-15700 zone -where we are witnessing big fall over the world -plus govt action over the weekend to control inflation and provide support to economy will provide moral support -as we had previously feared a india vix of more than 25 would be deadly has brought under control -fii huge short-covering on since thursday and retial going exteremly bearish on friday will hepl us see higher levels -fall in dxy,crude prices and measured control over inflation would put minds to ease -on the charts we can see a clear triple bottom on smaller time-frame -a breakout is on the cards on the index LEVELS TO WATCH -safe traders can enter nifty only if a hourly close above 16400 is achieved -if it does then 16480-16500 is a sharp target -a gap close target of 16650-16675 is then imminent -remembers this upmove might just get exhausted near 16850-16900 multiple support and resistance were witnessed here two hourly chart TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:NIFTY
by manavtechresearch
ADANI ENT ASCENDING TRIANGLE BREAKOUT SUMMARY:- -stock has broken out of its pattern -after the inital sell off from 2400-2000 level -stock has constantly seen higher lows from 2010-2035-2100 -were as the supply line is flat@2220 -we saw on friday the pattern witnessing a breakout on the upside -but still a safe longside must be added above 2230 only -target on the upside will be 2330-2380 TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:ADANIENTLong
by manavtechresearch
1
ITC WEEKLY BULLISH FLAG PATTERN BREAKOUT IS VISIBLE SUMMARY:- -stocks tends to have sharp ralies in the direction of the brekaout -it is a continutation pattern -delivery volumes and open interest data also support -rising volumes after brekaout actually help support pattern -itc has actually broken above 273 on weekly basis that is a good sign -273 was acting as a major hurdle for the stock -since we have achieved a close on both weekly and daily chart -itc will now use 273 as support -once we break above 276 we should see 282-283 in short while -once we have achieved a close above 285 we will move towards 291-295 zone -since 300 will act as crucial resistance for the stock -a close above 300 simply means a move towards 320-330 zone -it will be very interesting to see what happens in the resistance zone of 320-330 -we have seen two top island reversal pattern in the zone from were stock has fall 40%-to-70% -difference in itc future and spot price is due to discount in of dividend weekly chart spot and futures TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:ITC1!Long
by manavtechresearch
WIPRO IS BOTTOM MADE?summary:- *wipro has corrected 30% from the top *stop has made ugly bottom is the zone of 480-460 *and finally trying to break the curse *a major trendline break is inevitable *but with a stop below morning low i am adding longs for positional target *my trade will be a 1:3 risk-reward trade WIPRO SPOT TRADE BUY@478 STOP@465 TARGET@508-515-525 (EXPECTING IT IN JUNE) *spot targets are for june/july *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below
NSE:WIPROLong
by manavtechresearch
2
AXIS BANK BIG RISK REWARD TRADE SUMMARY:- *stock is trading in a weekly trading range *buy in the range of 660-650 *stop below 635 *target on the upside is huge starting from 730-770-800 *stock has been bashed after good results *time to accumulate axis bank jumbo trade in options AXIS BANK 720 JUNE CE BUY@21 STOP@13 TARGET@35-45-54 AXIS BANK SPOT TRADE BUY@655-665 STOP@635 TARGET@730-760-790 *spot targets are for june/july *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below
NSE:AXISBANK1!Long
by manavtechresearch
LICHSHGFIN BREAKING OUT OF FALLING WEDGE PATTERNSUMMARY:- *stock is breaking out of falling wedge pattern *also stock is on the verge of breaking its 200-ema *stock can see massive short-covering above 400 LICHSGFIN CASH BUY@391-393 STOP@383 TARGET@407-414-421 *if stock breaks back into pattern then pattern has failed *so risk reward ratio is good *week chart indicates big moves above 420 NOTE: *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below
NSE:LICHSGFIN1!Long
by manavtechresearch
BANKNIFTY GEARING FOR SHORT-COVERING SUMMARY:- *banknifty is test the crucial resistance of 36630-36650 *the line is marked with pink *multiple time it has acted as support and resistance *whenever breakout/breakdown has happened from this range we have seen big moves *expected move is of 1500/2000 points *this is my personal view *breakout on the cards expect short-covering *inverted head and shoulders break on the cards BANKNIFTY APR FUT BUY@36670 STOP@36270 TARGET@37000-37350-37750 *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below
NSE:BANKNIFTYLong
by manavtechresearch
EYES ON AXIS BANK -the stock is entering into what might be a simple dash towards 750-770 -in the past it has been observed that whenever stock moves above 707 -it manages to surpass 750/770 -initially we need a close above 696 -once achieved one can execute positional longs -enter @696-700 -enter a stop below 675 -intial target will be 712-715 -positional target will be 745-755-762 -minor supply zone between 710-715 -since it seems we are in a strong bullish market the stock will take off -wait and observe let the true parameters set in then execute your trades
NSE:AXISBANKLong
by manavtechresearch
1
BAJAJFINSV DEC FUT BREKAOUT OF ASCENDING TRIANGLE PATTERN -BAJAJFINSV AFTER FEW DAYS OF CONSOLIDATION IS BREKAOUT OUT OF A ASCENDING TRIANGLE PATTERN -STOCK LOOKS GOOD ON THE UPSIDE -NEEDS TO SUSTAINS ABOUT 9000 -IF MANAGES TO DO ON DAILY CHART (CLOSES ABOVE) -WE CAN EXPECT EVEN HIGHER TARGETS -I WOULD SUGGEST TO RIDE THE TRADE WITH OPTIONS - FUTURES AS PER YOUR OWN RISK BUY@8970 STOP@8850 TARGET-1@9200 TARGET-2@9400 TARGET-3@9500 QTY=125 =TRADE ALREADY ACTIVE =OPTION TRADE ALSO ACTIVE
NSE:BAJAJFINSV1!Long
by manavtechresearch
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -BANKNIFTY YESTERDAY MOVED IN A SINGLE DIRECTION -WITH MIINOR SIDEWAYS ACTION INDEX CLOSED AT THE HIGHEST LEVEL -AS EXPECTED BANKNIFTY MOVED IN OUR TRADING CHANNEL(1-HOUR CHART) -BASED ON THE CHANNEL ANALYSIS BANKNIFTY CAN MOVE TILL 30K-31K -REMEMBER NIFTY IS UP BY 8% FROM PREVIOUS ALL TIME HIGH -BANKNIFTY INDEX IS STILL TO BREACH ITS PREVIOUS ALL TIME HIGH -SO LONG LEGS ARE STRONG IN BANKNIFTY -BANKNIFTY IS GEARING FOR HIGHER LEVELS -TRADING INSIDE THE NEW BULLISH CHANNEL ON HOURLY CHART -CONFIRMED IN LOWER TIME-FRAME ALSO -COMING TO LEVELS 29350-29600 IS THE SUPPLY ZONE FOR NOW -IT WAS TAKEN OUT YESTERDAY SO IT ACTS AS RESISTANCE TURNED SUPPORT -EXPECT 30000 AS A CRUCIAL RESISTANCE -ONCE TAKEN OUT AND IF INDEX MANAGES TO SUSTAIN ABOVE IT -WE CAN SEE HEAVY SHORT COVERING PROPELLING THE INDEX BY 750-1500 POINTS -MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE -SO DONOT OVER TRADE BANKNIFTY RESISTANCE FOR THE DAY 29780-30000-30580( FUT ) BANKNIFTY SUPPORT FOR THE DAY 29000-29300-29660( 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