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"TRIPLE BOTTOM ON THE CARDS FOR RELIANCE"SUMMARY FOR RELIANCE -stock has formed multiple tops and bottoms on weekly chart -a break in a falling trendline is possible -wait for a confirmation -we are about to enter the supply zone -a weekly close above the supply zone will lead to re-rating in the stock "WEEKLY CLOSE ABOVE 2240 IN FUTURES /SPOT IS IMPORTANT FOR NEXT EXTENSION" "WAIT FOR A CONFIMRATION" "YOU CAN BUY ON A THROWBACK" RELIANCE JUNE FUT BUY@2240-2245(WAIT FOR A CLOSE ABOVE 2240) STOP@2175 TARGET-1@2343 TARGET-2@2425 TARGET-3@2478 QTY="YOUR CHOICE' NOTE:- -MANAGE RISK -DO NOT OVERTRADE -DO YOUR OWN RESEARCH
NSE:RELIANCELong
by manavtechresearch
1
RELIANCE TRENDLINE BREAK ON DAILY CHART -stock created a consolidation base near its 200-ema -after consolidating for months the stock has managed to break above 2020 after a long-time -i am using yesterdays low as a stop for shor-term trade and 20-ema as for a positional trade -note that if stock closes above 2050 on daily chart then the stock opens up for a rally towards 2150-2175 -one can neter long near 2015-2020 -enter a stop below 1995 for short-term trade -enter a stop below 1970 for a long-term trade -initial short-term target is 2040-2050 -positional long target is set @2120-2150-2175 -one can wait for a confirmation for positional trade in reliance -wait for a close above 2050 on daily chart
NSE:RELIANCELong
by manavtechresearch
ITC WEEKLY CHART SEEMS BULLISH -after the stock broke out of a symmetrical pattern on weekly chart -we saw a pullback and retest of the breakout level -this confirmns the pattern -after retest the stock did manage to consolidate and go sideways -last week stock finally decide to absorb the bad news and move forward -we can see good potential upside -buy above 215-218 -enter a stop below 209 -intitial short term target is 223-2225 -swing target can be between 230-232-234
NSE:ITCLong
by manavtechresearch
BAJFIN SYMMETRICAL TRIANGLE BREAKOUT NEGATIVE FOR SHORT-TERM-stock all most closed below the levels of 5000(fut) -throught the day after the pattern breakout the stock consolidated -see continuation on the downside -stock on daily chart also managed to close below its 20-ema -fresh leg of upside starts above 5115 only -on the downside initial target can be 4940 -only hurdle comes in is at the 200-ema on hourly chart -once sustains below 4930 then we can expect 4880-4830-4779
NSE:BAJFINANCEShort
by manavtechresearch
BANDHAN BANK BULLISH FLAG PATTERN BREAKOUT BANDHAN BANK DEC FUT BUY@414-415 STOP@397 TARGET-1@428 TARGET-2@439 TARGET-3@446 QTY=1800 BANDHAN BANK 440 CALL OPTION TRADE BUY@12 STOP@8 TARGET-1@16 TARGET-2@19 TARGET-3@23 QTY=1800 -STOCK IS BREAKING FROM ITS BULLISH FLAG PATTERN -HOURLY CHART TIME-FRAME -UPSIDE POTENTIAL IS EVEN HIGHER -WEEKLY CHART THERE IS SYMMETRICAL TRIANGLE BREAKOUT -SUGGEST PRICE ACTION ABOVE 500 IN COMING MONTHS -MANAGE YOUR RISK -POSITIONAL TRADE TARGETS GET HIGHER ONCE A CLOSE ABOVE 440 IS ACHIEVED
NSE:BANDHANBNK1!Long
by manavtechresearch
HCLTECH (FUT/OPT) POTENTIAL ON THE UPSIDE IS LOOKING GOOD -STOCK ON HOURLY CHART AS MANAGED TO BREAK-OUT OF ITS BEARISH TRENDLINE -ON DAILY CHART ALSO STOCKS IS LOOKING TO BREAKOUT FROM ITS DESECENDING TRENDLINE -A CLOSE ABOVE 860 ON DAILY CLOSING BASIS IS ENOUGH FOR CONFIRMATION -IF THAT HAPPENS POTENTIAL ON THE UPSIDE IS TO TEST ITS RECENT HIGH OF 900-912 -ITS A HIGH BETA STOCK SO CAN EXPECT VOLATILTY -IF THAT IS THE CASE ONE CAN RIDE THE VOLATILITY THROUGH OPTIONS POTENTIAL TRADE HCLTECH FUTURES BUY@860 STOP@845 TARGET-1@880 TARGET-2@895 TARGET-3@910 QTY=700 HCLTECH 900 CALL OPTION BUY@18 STOP@8 TARGET-1@25 TARGET-2@32 TARGET-2@39 QTY=700
NSE:HCLTECH1!Long
by manavtechresearch
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP -TILL NOW NO POINT OF REVERSAL SEEN -ALSO MANAGED TO CLOSE AT THE HIGHEST POINT ON THE INDEX -CRUCIAL SUPPORT COMES IN @12680 -CRUCIAL RESISTANCE COMES IN @13000 -NO DASH TRADES AVAILABLE -NO POINT OF REVERSAL SEEN SO WAIT IT OUT -BUYING AT HIGHER LEVELS NOT SUGGESTED RESISTANCE FOR THE DAY (FUT) 12750-12800-13000 SUPPORT FOR THE DAY (FUT) 11680-12543-12448 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:NIFTY1!
by manavtechresearch
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP -TILL NOW NO POINT OF REVERSAL SEEN -YESTERDAY A SHARP 100 POINT DIP WAS BROUGHT SO HEAVILY THAT IT TOOK THE MORNING HIGH -ALSO MANAGED TO CLOSE AT THE HIGHEST POINT ON THE INDEX -CRUCIAL SUPPORT COMES IN @12523 -CRUCIAL RESISTANCE COMES IN @12800-13000 -NO DASH TRADES AVAILABLE -NO POINT OF REVERSAL SEEN SO WAIT IT OUT -BUYING AT HIGHER LEVELS NOT SUGGESTED RESISTANCE FOR THE DAY (FUT) 12800-13000 SUPPORT FOR THE DAY (FUT) 12523-12425 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:NIFTY1!
by manavtechresearch
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS SHOWING A 20 POINT NEGATIVE START -YESTERDAY MARKET TESTED THE NEW EMERGING TRENDLINE AND BOUNCED BACK HARD -IT JUST VALIDATED OUR TRENDLINE AS MORE REVERSAL FROM THE TRENDLINE THE STRONGER THE TREND -INDEX CAPTURED ITS CRUCIAL LEVELS OF 11815 AND 11855 AGAIN YESTERDAY -I HAVE POINTED THIS OUT QUIET A FEW TIMES THAT WHENEVER CLOSES ABOVE 11850 IT USUALLY CROSSES ABOVE 11980-12000 -YESTERDAY HEAVY DISCOUNT IN PREMIUM FUTURES WAS BROUGHT BY THE MARKET -NIFTY YESTERDAY MANAGED TO BOUNCE BACK FROM THE LOWS TO AND ABSORB THE SELLING PRESSURE -NOW CRUCIAL SUPPORT COMES IN @11785 -CRUCIAL RESISTANCE COMES IN @11948 -SUPPORT ZONE COMES IN @111585-11625 -INDEX YESTERDAY GAVE US GOOD 30 POINTS ON OUR DASH TRADE -DASH LEVELS ARE AVAILABLE -WAIT AND WATCH APPROACH SCALP TRADE WITH DASH LEVELS BULL SCENARIO -IF MARKET CROSSES ABOVE 11915 NIFTY FUTURES TRADE BUY@11916 STOP@11890 TARGET@11946 QTY=300 -IF INDEX CROSSES BELOW 11785 NIFTY FUTURES TRADE SHORT@11784 STOP@11816 TARGET@11724 QTY=300 RESISTANCE FOR THE DAY (FUT) 11915-11855-11815 SUPPORT FOR THE DAY (FUT) 11785-11815-11855 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:NIFTY1!
by manavtechresearch
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS SHOWING A 50 POINT POSITIVE START -YESTERDAY WE SAW NIFTY TESTING ITS 20-EMA AFTER A VERY LONG-TIME -INDEX BROKE THE CRUCIAL SUPPORT OF 11815 AND TESTED 11700 ON THE LOWERSIDE -BRUTAL SELL-OFF IN USA AND EUROPEAN MARKETS DUE TO RISE IN COVID CASES WAS FACTORED BY THE MARKETS -NIFTY YESTERDAY MANAGED TO BOUNCE BACK FROM THE LOWS TO AND ABSORB THE SELLING PRESSURE -USA MARKETS SOLD OFF IN THE NIGHT BUT SGX IS POSITIVE DUE TO INDIAN MARKET ABSORBING THE SELLING PRESSURE -MARKET IS STILL TRADING INSIDE THE RANGE OF 300-POINT DOWNFALL BAR -NEW TRENDLINE SUPPORT AS EMERGED ON DAILY CHART QUESTION IS WHETHER IT PROVIDES SUPPORT -COMING TO MARKETS LEVELS -NOW CRUCIAL SUPPORT COMES IN @11660 -CRUCIAL RESISTANCE COMES IN @11855 -SUPPORT ZONE COMES IN @111585-11625 -INDEX YESTERDAY GAVE US GOOD 80-100 POINTS ON OUR DASH TRADE -MEW LEVELS ARE AVAILABLE -WAIT AND WATCH APPROACH SCALP TRADE WITH DASH LEVELS BULL SCENARIO -IF MARKET CROSSES ABOVE 11855 NIFTY FUTURES TRADE BUY@11856 STOP@11810 TARGET@11910 QTY=300 -IF INDEX CROSSES BELOW 11670 NIFTY FUTURES TRADE SHORT@11665 STOP@11705 TARGET@11625 QTY=300 RESISTANCE FOR THE DAY (FUT) 11915-11855-11815 SUPPORT FOR THE DAY (FUT) 11670-11715-11775 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:NIFTY1!
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
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS INDICATING A GAP-UP OF 30 POINTS -ACCORDING THE LTP PRICE GAP-UP IS INDICATING 50 POINT GAP-UP -NIFTY YESTERDAY BROKE PREVIOUS HIGH OF 11794 AND TESTED 11900 -DUE TO EXPIRY WE SAW SOME REVERSE ACTION FROM THE TOP -I WON'T GO WITH A SINGLE DAY CANDLE WHICH INDICATES "LONG-LEG DOJI" -BUT THE BREAKOUT LEVEL OF 11794 WAS TESTED AND INDEX BOUNCED BACK -LIKE EXPLAINED YESTERDAAY INDX NEEDS TO CLOSE ABOVE 11850 -WHEN THAT HAPPEN INDEX IN THE PAST HAS MANAGED TO TEST LEVELS OF 12000-12050 -CRUCIAL SUPPORT @11760 -CRUCIAL RESISTANCE @11915 -NOW WE WILL SEE MAJOR HURDLES ABOVE 11915 -SUPPLLY ZONES :-11945/11975 -GOOD SHORT OPPORTUNITY BELOWE 11800 IF CROSSES TODAY -DON'T TRADE AGGRESSIVE WE HAVE RBI POLICY TODAY -IT CAN DISTURB THE LEVELS SCALP TRADE WITH DASH LEVELS BULL SCENARIO -IF MARKET CROSSES ABOVE 11914 NIFTY FUTURES TRADE BUY@11915 STOP@11886 TARGET@11944 QTY=300 RESISTANCE FOR THE DAY (FUT) 11850-11880-11915 SUPPORT FOR THE DAY (FUT) 11830-11795-11763 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:NIFTY1!
by manavtechresearch
3
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX IS INDICATING A 25 POINT GAP-UP -TRUMP STATEMENT ON STIMULUS CAUSED A SHARP DIP IN US MARKET -BUT TODAY ASIAN MARKETS ARE HOLDING THEIR OWN FOR NOW -GOING BY THE PRICE ACTION NIFTY IS READYING ITSELF TO TAKE OUT PREVIOUS HIGH -MARKET CLOSING AT THE HIGHEST INDICATES POSITIVE MOMENTUM TO FOLLOW -NOW SINCE THE BIGGEST HURDLE OF 11625 TAKEN OUT -IT WILL ACT AS CRUCIAL SUPPORT -NEW SUPPORT ZONE IS FROM 11585-11625 -UNTIL MARKET SUSTAINS ABOVE THIS LEVEL WE WILL MAKE AN ATTMEPT TO TAKE OUT 11800 -NOW COMING TO RESISTANCE LEVEL PREVIOUS SWING HIGH OF 11794 WILL BE A MINOR RESISTANCE -CRUCIAL RESISTANCE COMES AT 11854 -PLEASE NOTE IT HAS BEEN SEEN IN THE PAST THAT WHEN MARKET CROSSES ABOVE 11850 AND CLOSES ABOVE IT -INDEX DOES MANAGE TO TOUCH 12000-12050 -NOT LOOKING TO SHORT -LOOKING FOR BUY ON DIPS SCALP TRADE WITH DASH LEVELS BULL SCENARIO -IF MARKET CROSSES ABOVE 11794 NIFTY FUTURES TRADE BUY@11795 STOP@11755 TARGET@11845 QTY=300 RESISTANCE FOR THE DAY (FUT) 11555-11585-11625 SUPPORT FOR THE DAY (FUT) 11490-11450-11425 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:NIFTY1!
by manavtechresearch
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYBANKNIFTY INDINDEX SUMMARY -BANKNIFTY HAS BROKE ITS RANGE FROM 21130-21720 -WE HAD DISCUSSED IT BEFORE -HOW IT ALSO MANAGED TO BREAK ITS TRENDLINE -SET UP LOOKS WEAK ON THE CHARTS -WE GOT THE RANGE TARGET ON BANKNIFTY -WE ALSO SAW THE THE DASH FROM 21950-21660 -ITS MONTHLY EXPIRY WEEK EXPECT HUGE VOLATILITY -NOW WHAT ARE WE GOING DOWN OR IS THERE ANY SIGN OF REVERSAL? -BANKNIFTY HAS CRUCIAL SUPPORT @21000 -IT IIS A 3-MONTH SUPPPORT WHICH I DO NOT EXPECT TO BE BROKEN -ON THE UPSIDE RESISTANCE COMES IN AT 21666-21950 -ONLY ISSUE HDFC BANK/ICICI BANK BOTH HAVE BROKEN SUPPORT TRENDLINE -I WILL BUY ABOVE 21950 ONLY!! -I WILL GO SHORT BELOW 21125 IT CAN DASH TOWARDS 20900 -BUT IF MARKET CLOSES BELOW 21000 IN THIS EXPIRY I CAN ASSURE YOU WE WILL SEE ANOTHER CRACK OF 2000 POINTS -ITS ABOUT WAITING IT OUT FOR NOW -WATI FOR THE LEVELS TO BREACH MENTIONED ABOVE BANKNIFTY RESISTANCE FOR THE DAY 21950-21666-21450 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 21150-21050-20900 ( 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:BANKNIFTY
by manavtechresearch
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS INDICATING A NEGATIVE START OF 40 POINTS -SENTIMENT IS WEAK FOR THE MARKETS -INDEX TOOK A DEEP DIVE ON FRIDAY BUT TOOK SUPPORT AT 20-EMA -IF INDEX STARTS TO TRADE BELOW 20-EMA IT WILL NOT BE GOOD FOR THE MARKET -ON HOURLY CHART IT MANAGED TO COME BACK TO ITS TRENDLINE AFTER A BREAK -BUT IT WILL BE BROKEN IN THE OPEN IT REMAINS TO BE SEEN IF IT MOVES ABOVE AGAIN -ON FRIDAY INDEX TRAPPED LONGS AFTER A FALSE BREAKOUT -SO I EXPECT FRESH BUYING ABOVE 11600 ONLY -ON THE BREAK OF 11440 MARKET CAN DASH TO 11380-11353-11325 -NOW LOT OF YOU ARE ASKING WHAT IS A DASH? -PLEASE UNDERSTAND ALGO TRADES AND ALGO LEVELS MATTER FRIDAY IS A EXAMPLE -WAIT AND WATCH APPROACH IN THE INDEX -ITS THE LAST WEEK OF THIS TRADING MONTH RESISTANCE FOR THE DAY (FUT) 11555-11585-11631 SUPPORT FOR THE DAY (FUT) 11325-11355-11425 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:NIFTY
by manavtechresearch
1
TWO INSIDE-BARS IN BAJAJ-FINSERV SEPT FUTSUMMARY -FOR SOME REASON THE STOCK IS LOOKING WEAK -STOCK RECENTLY BROKE ITS 2-MONTH TRADING RANGE -ALTHOUGH IT MANAGED TO MAKE A SMALL-COMEBACK IN THE RANGE -SETUP LOOKS WEAK -TWO INDECISIVE CANDLES SUGGGEST A MOVE IS COMING -IF LOW OF 6050 IS BREACH I EXPECT A DASH TOWARDS 5980-5820 -ON THE UPSIDE IF BREAK HAPPENS ABOVE 6250 I EXPLECT A DASH TOWARDS 6350-6425 -WAIT FOR PRICE ACTION -BREAK IS GOING TO HAPPEN IN FEW DAYS EITHER ON THE DOWNSIDE OR UPSIDE -ACTION LEANING MORE TOWARDS DOWNSIDE -THE RANGE OF 2-MONTHS IS ALMOST 600 POINTS -IF THE RANGE IS BROKEN DECISIVELY THEN I EXPECT A FALL TOWARDS 5500-5600 SCREENSHOT OF HOURLY TIME-FRAME SCREENSHOT OF DAILY TIME-FRAME
NSE:BAJAJFINSV1!Short
by manavtechresearch