Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 468 and keeping a stop loss of 400 , look for the target of 600-800 in the coming weeks and months.
Buy: CMP
Stop loss : 400
Targets:
Tgt 1: 600
Tgt 2: 800
Theory:
The Cup with Handle is a bullish continuation pattern that...
Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 7154 and keeping a stop loss of 6500 , look for the target of 9000 in the coming weeks and months.
Buy: CMP
Stop loss : 6500
Targets:
Tgt 1: 8200
Tgt 2: 9000
Theory:
The Cup with Handle is a bullish continuation pattern that...
Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 930 and keeping a stop loss of 840 , look for the target of 1000/1100in the coming weeks and months.
Buy: CMP
Stop loss : 840
Targets:
Tgt 1: 1000
Tgt 2: 1100
Theory:
The Cup with Handle is a bullish continuation pattern that...
Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months.
Buy: CMP
Stop loss : 1675
Targets:
Tgt 1: 2900-3000
Theory:
The Cup with Handle is a bullish continuation pattern that...
Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 980 and keeping a stop loss of 927 , look for the target of 1100-1120 in the coming weeks.
Buy: CMP i.e. 980
Stop loss : 927
Tgt: 1100
Theory:
The Cup with Handle is a bullish continuation pattern that marks a...
Script strong breakout from the resistance of 1645 in the weekly down trend channel. And also monthly good retracement. HIghly possible to breakout from the monthly downtrend channel. Day closing also with strong bullish.
According to my analysis of NZDCAD, I have observed that there has been a break in the minor trend and it appears that the currency pair may fall from the resistance area that I have marked on the chart for the FIB retracement. Additionally, upon retrace, it seems that NZDCAD may reach the higher time frame's previous high.
Based on my strong analysis, I believe...
Zomato Breaches Crucial Fibonacci Retracement Level
Zomato has today breached the crucial 0.618 Fibonacci retracement level, a significant technical indicator. If Zomato can sustain and hold this breakdown, the next level to watch out for is Rs. 161.45. However, it is important to note that at this projected level, the valuation of Zomato would be approximately...
BankNifty Analysis
BankNifty was a total support and resistance play today. Unline Nifty, BankNifty did not retest yesterday’s swing high instead it started falling right from the open. We were at the 43566 support level till 10.20 after which it got broken. By 11.45 we broke the next support level at 43404 & that is when I changed my stance from neutral to...
EURUSD hovers near the highest level in 14 weeks, recently picking up bids to reverse the previous day’s pullback from the 61.8% Fibonacci retracement of the July-October downside, also known as the Gold Fibonacci ratio. Apart from the key Fibonacci ratio surrounding 1.0965, the overbought conditions of the RSI (14) line also challenge the Euro buyers. It should,...
Welcome to this analysis
Stock had a dream listing and a very strong 2 years bull trend. Post that it saw a sharp retracement.
Now, it appears to once again attempting another rally after making a double bottom in the weekly time frame.
Range for short term 725-690 for medium term 900-650
Happy Investing
BankNifty Analysis
The real reason why Nifty50 reversed course today - BANKNIFTY. Yesterday we discussed how it took out the swing high set on wednesday. You wont believe that we took out yesterday’s swing high today even after opening with deep cuts.
In the opening minutes, we dropped to 43504 well below the first support of 43566. I really thought the support...
Nifty has completed the retracement till the .5 & .618 fib levels of previous down leg(which also started after a similar retracement) There may be one more down leg remaining before the market finally decides to move up. The candles in this retracement have been not completely strong and have left some gaps on the downside, so the possibility of a another down...
A nice "M" pattern formation on the weekly charts for banknifty is a nice bearish trend for the markets.
Banknifty may retest the neck line of the pattern and continue the bearish move after the retracement.
Currently, it is taking resistance from 50% fib level and there are chance of retracing 61.8% fib level.
On the daily chart, three doji candle are showing...
Minor resistance around 8930 . A sustained movement above 8930 can give a solid upside movement. Support around 8880 and a zone of strong support around 8833-8844, 8785-8810 and 8720-8740. Trade can be planned around these support levels and preferable to take on retracement. NO major upside resistance.
On the Weekly chart, Bandhan Bank took support at 61.8% on Fib retracement.
Now, if sustain at the current level and break 246, then will continue the Long trend.
Buy Above 246, SL 214
NOTE:- Please maintain good Risk to Reward, as per your risk appetite.
