Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
Disclaimer -: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
It might look like an ascending triangle but ascending triangle are continuation pattern which normally forms in prior established bull trend. BPCL doesn't have prior established bull trend for this large ascending triangle. Nonetheless, this is a kind of bullish pattern as lower lows are being formed on the lower end of PF, substantiating the slope. EMAs have...
Formerly formed rounding bottom + throwback and then double bottom (intermediate) shows signal of strength. The only confirmation, waiting for is volume expansion after all time high breakout. Nonetheless bullishness is apparent NSE:HCLTECH
Double Top Pattern 1. Double Top Pattern is a Trend Reversal Pattern. 2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend. 3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique. 4. Target would have been the Height of the Double Top Pattern or...
KSCL is taking 200 EMA support on daily time frame. If rebounced it's next target would be as marked near 6% upside for timeframe of 5-10 days. If it continues with good volume it can cross it's next marked target which is 16% from current levels with a time frame of 15-20 days and then depending on volumes. Also there are rumours that company is going to announce...
A lot has happened in the past few days. Let's Discuss. Russia came out with a vaccine around 10th & 11th Aug'20 & Gold fell by good points. The relationship between the Gold & Equity Market is inversely proportional. which means when equity markets don't perform well over a few quarters investors start pulling out their money from equities and start investing...
NSE:BAJFINANCE broke the resistance level (blue line) and now it's the support level. 2,710 is an immediate resistance, once this level breaks, 2,750 is followed after it. Nonetheless, it is heading towards 3,000+ levels. Expect 3,000 in JULY.
Conjuncture As Coronavirus seem to have reached in the EU what looks to be so far its "propagation ceiling", the US is being rapidly contaminated with the virus; their extremely precarious healthcare system worsening the spread by making it increasingly harder for people to get tested. The US spread, being late of a week or two behind the EU, still has lots of...
As can be seen the price has recently price has moved above the cloud and has become stronger than nifty. The flat kijun is a concern. Nonetheless the issue can be added on dips.
Technicals : Price is close to the trendline that has held since 2009. So far from a technical standpoint, we have no reason to assume that history will not repeat itself. Previous week's candle shows incredible volume (week with the fourth highest volume since inception). Nonetheless, the price failed to move lower. Large limit buy orders seem to be accumulating...
Scrip is gearing up with MACD momentum to reach to target price and beyond Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum 2) Rebound from support levels where resistance has become support now Aiming towards TP and beyond thereon after entry confirmation...
Scrip has been able to find resistance at core support levels and break trendline with good volume however, would wait to enter post confirmation ensuring it isnt false breakout Would prefer to increase stake after the scrip manages to move out of consolidation channel Aiming for TP - 99, 120, 130 in LONG TERM Nonetheless, One cannot invest for very long...
GTL INFRA PENNY STOCK RECMNDTN BASED ON SUDDEN RAISE IN STOCK BUYING VOLUME As it is of low value please be cautious and only invest from a part of your profits Dont invest more from your capital as there is significant risk as you can see the profits when it raises or when the value increases ENTRY = ANYWHERE STOPLOSS = NONE TARGETS= AS LONG AS YOU CAN BE IN...
BANK NIFTY Bull Call Spread for Election Result Expiry BUY 4 Lots BANK NIFTY 05 JUN 49000 CE BUY 1 Lot BANK NIFTY 05 JUN 50000 CE SELL 4 Lots BANK NIFTY 05 JUN 49500 CE Margin Required : 84,409 Max Profit : Unlimited Max Loss : 24,675 (29%) Break Even at Expiry : 49,411 Target 1 : 50543 (3%) Projected Profit 13,400 (15%) Target 2 : 50943 (4%) Projected...
Banknifty closed just below the SR of 48603 and for the same reason, I am going neutral. Unlike Nifty, BN has few SR zones nearby hence the decision to go neutral instead of bearish. Although we fell 640pts ~ 1.3%, none of the 63mts candles closed distinctly below 48603 which is a sign of worry for the Bears, Meanwhile, the drop seen in ICICI will be considered...
At press time, the Waves crypto was trading close to 3.88 USD, reporting a swift intraday loss of nearly 0.81%. The Waves price traced 20 day EMA and bounced back higher indicating a buyers presence at the lower levels. The Waves crypto trades sideways above the exponential moving average of 20 days. The last couple of sessions have noticed a fight between the...
The Coreum price is volatile with major ups and downs in the short term. The price is moving in a multimonth range value and exhibits a sideways trend outlook. At the time of writing, the COREUM crypto was trading close to $0.155 recording a positive intraday development of nearly 1.43%. The daily chart witnesses a tug of war between the bulls and bears with...