DLF RANGEBREAKDOWN SUMMARY:-
*below 200-dma
*one can wait for entry below 353
*head and shoulder formation break
*below the trading zone of 363-423
*below demand zone of 360-363
DLF FUT
SHORT@353(WAIT FOR IT)
STOP@365
TARGET@332-325-318
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*shorts are active and shared in the channel early
*early analysis through link channel
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Search in ideas for "MANA"
BAJFIN DOUBLE TOP BREAKDOWNSUMMARY:-
*again avoid a single day action candle we will witness a head and shoulder formation break in daily chart
*in hourly time frame we can see double top formation breakdown
*after initial selloff it re-tested the breakdown zone and came down again
*one can wait to go short at higher levels near the breakdown line of 6900
*or one can initiate fresh shorts at current market price
*target on the downside can be expected near 6660-6600-6500
*if 6500 is broken we will test 6200 very quickly
*rising inflation, interest rates, bond yields and oil prices not good for financials
*keeping aside the ongoing war situation
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*shorts are active already check out the channel link
*early analysis through link channel
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HDFC LOOKING WEAK KEEP AN EYESUMMARY:-
*stock on radar is hdfc
*hdfc is breaking below a multi-week support
*daily close below 2365 is more than enough to confirm a downside move
*levels will be updates for now on watchlist
!!ICICI BANK IN SCARY WATER!!INTRADAY AND CONDIITIONAL CARRY
*icici bank trading below 780 not a good sign
*780-818 has been the trading range
*downside extension
ICICI BANK FUT
SHORT@780
STOP@790
TARGET@772-766-760
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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CANBK ENTERING A BULLISH ZONE SUMMARY:
*stock after posting good results has entered into a good trading range
*if you have a look at the week chart a move towards 280-290 is open
*range expansion is seen on weekly chart
*one can enter longs in the zone of 252-247
*its positional trade avoiding the volatility of budget expect canara bank to hit 287-290 in feb contract
CANBK FEB FUT
BUY@250-252
STOP@237(DEEP DUE TO VOLATILE EVENT AHEAD)
TARGET@267-276-288
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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SBIN LOOKING TO BREAK OUT OF ROUNDING BOTTOMSUMMARY*
-stock is looking to breakout of its rounding formation
-stock in futures is seeing good building and more over today it is sustaining above 541-543 zone
-since morning good oi building is seen
-please note for safe traders a daily close above 545 is your signal to go long
-risk traders can enter now and stay long
SBIN FUT
BUY@545
STOP@530
TARGET@575-600-620
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
*longs suggested already at lower levels in channel
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DLF LOOKING GOOD FOR DOWNSIDE SUMMARY:-
*dlf is looking good for downside
*range trading in stock
*momentum towards downside
*good risk-reward trade
DLF FUT
SHORT@389.5
STOP@397
TARGET@377-370-364
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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HDFC LOOKING BULLISH SUMMARY:
*stock is looking for a reversal
*there is a morning star doji pattern formation visible on the chart
*good risk-reward trade
*stock has been beaten down recently so good entry point
HDFC SPOT
BUY@2550
STOP@2480
TARGET@2610-2645-2690
(TARGET CAN BE REVISED)
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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INDUSIND BANK DOUBLE BOTTOM BREAKOUT ON CARDSUMMARY:
*stock is breaking out of double bottom formation and symmetrical triangle pattern
*upside can be adjusted
*for now a momentum trade
INDUSIND BANK
BUY@948
STOP@928
TARGET@969
(FURTHER TARGETS:-994/1020)
POSITIONAL TARGET WILL BE CLEAR IF CLOSE ABOVE 1000 IS ACHIEVED
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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ICICI BANK BUILDING LONGS SUMMARY:-
*after posting stellar numbers it is the only stock which is holding the fort for the markets
*once market starts to recover icici bank shall lead from the front based on relative outperformance
*the stock is taking support on its to 20-ema near 792-795
*on the upside 820-818 is acting as strong resistance
*we are going there but its getting rejected
*once a close is achieved then expect the stock to race to level of 840-850
*can go to new all time high also
*stock also gave a double bottom breakout and has given a throwback pattern move
*now when swing high of 836 breaks a extension of the recent move from 836-796 to 876 will be seen and more
ICICI BANK FEB FUT
BUY@810
STOP@793
TARGET@820-830-840
(WILL REVISE TARGETS UPWARDS FOR POSITIONAL TRADERS LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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NIFTY DOUBLE BOTTOM BREAKOUT ON THE CARDS SUMMARY:-
*index has created double bottom on hourly chart
*hourly close above 17350 will be first sign to go long
*it doubles from the breakout zone
*used heikin ashi pattern to remove the gap
*lets keep it simple
*16850 is the jan low that will be our stop for longs
NIFTY FEB FUT
BUY@17350(SAFE TRADERS WAIT FOR 10:15 AND A CLOSE ABOVE 17340 IN SPOT)
STOP@17150(FOR PATTERN TRADERS)
TARGET@17570-17730-17920
(WILL ADJUST TARGET LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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NIFTY POSITIONAL TRADE ADDED AGAIN SUMMARY:-
*index had excess longs in the system
*they were taken to cleaners today
*market oversold due to expiry and shakeout move
*17630-17580 was previously acted as strong resistance for market
*classic case of resistance turned support
*trade with strict stoploss
*its my personal view and market has yet given any sign of reversal
*may later adjust trade to feb contract
NIFTY JAN FUT
BUY@17720
STOP@17580
TARGET@17920-18050-18170
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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DLF BREAKOUT OUT OF BEARISH CHANNEL SUMMARY:-
*stock has broken above 400 and is sustaining
*recent news action will cause a re-rating in the stock
*RSI is looking to break above 60 looking to show strong momentum
*targets can be revised higher based on action
*bearish channel break in the stock is indicating stock is gearing for new all-time high
DLF FUT
BUY@408-410
STOP@395
TARGET@420-427-435
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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STOCK IS BREAKING OUT OF CONSOLIDATION SUMMARY:-
*stock after a huge move last year was consolidation in the zone of 1775-1545
*from past few days we are seeing some good action on price and volume
*break of consolidation zone will ensure 1900-2000 levels on the stock in coming time
*also a visible ascending triangle pattern breakout can be seen in stock
ADANI FUT TRADE
BUY@1780(ABOVE)
STOP@1700
TARGET@1830-1880-1920
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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BANKNIFTY GEARING UP SUMMARY:-
*banknifty is breakout of a bearish trendline on weekly as well as daily chart
*possible move towards 37500-37000 cannot be ruled out
*close above 200-ema will give us more and more confidence to stay long
*nifty is expect to go to new all time high
*banknifty once above 36k (close) will force short-covering
BANKNIFTY FUT TRADE
BUY@36075(ABOVE ONLY)
STOP@35600
TARGET@36425-36700-37000
*target will be adjusted more according to market situation
*falling dollar/inr and oversold market condition is indicating short-covering
*if stocks like hdfc bank and icici bank rally we can expect fii buying action
POSSIBLE DOUBLE BOTTOM BREAKOUT IN ICICI BANK SUMMARY:-
*stock seems to be breaking out of its consolidation zone
*a close above 770 on daily chart will give us double bottom breakout
*wait and watch on icici bank till now and the break is achieved
*usually doubles from breakout
ICICI BANK JAN FUT
BUY@770
STOP@750
TARGET@800-820-845
*targets will be revised as per closing basis
*we have result season coming soon
*its a positional trade
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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IEX LOOKING TO BREAKDOWN PATTERN ALERT***SUMMARY:-
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
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TATA MOTORS POSSIBLE DESCENDING TRIANGLE BREAKDOWN???SUMMARY:-
*stock is constantly rejecting its 20-ema
*upon that the stock is seeing rejection from its bearish trendline
*on the downside there is a visible support at 445 level
*twice market bounced from 445 and moved higher
*if we notice the bounce is getting weaker and weaker creating lower high each time
*this clearly marks an example of descending triangle pattern
*so there is a huge risk reward trade in tata motors available
*one can go short now with a stop above 20-ema and bearish trendline on closing basis
TATA MOTORS JAN FUT
SHORT@471
STOP@479
TARGET@461-455-449
(IF A CLOSE BELOW 445-440 IS ACHEIVED ON CLOSING BASIS THEN STAY SHORT FOR 410-415 LEVELS)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
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