HCL Tech will try to break its resistanceHCL Tech is likely to break its Resistance and show a strong upside move. With a major support of 895, downside movement is less probable. RSI and Stochastics also indicate the upside momentum. A strong buy after the breakout is expected. Place stop loss at 890.
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#Amarajabat cash : Positive Candle expected tommorw if holds 810#AmarajaBat cash
11.04.2021
Strong support 810-812..
If holds will make a reversal...
Strong buy above 830.10
stoploss 820
Target 848-850/865
Cmp 816
HindPetro Bullish above 240 moving on to 267 - 330 levelsHind petro has been trying to break 235-240 since last Feb 20. Stock has been taking support around 208-210 levels and makes strong comeback.
With oil marketing companies riding on higher fuel prices especially diesel closing in on petrol with fuel demand and consumption steadily shooting up this stock can ride upto immediate target on 267-270 levels before moving towards 325-330 levels.
A weekly close above 240 levels can see good upside and strong buy in the stock.
ADX and +DMI along with -DMI indicates change of trend while MACD is creeping in +ve territory. Keep an eye petroleum companies especially oil marketing companies.
Happy trading!
BHARTIARTL - Strong BUY for more than 20% potential returnNSE:BHARTIARTL has gotten BUY rating from 6 various brokers for 600+ target, which is 20% potential return.
The stock has shown a breakout with higher volumes today, which can be a good entry point.
MACD is bullish.
EMA20 is greater than EMA50 indicating in bullish trend.
The RR Ratio is also greater than 4, which is very favorable for the trade.
Banknifty - Weekly Analysis (18 Dec - 24 Dec)Since, this is a holiday season, the volumes are going to dry up and we should not expect any wild moves and there is a high probability that the market might be sideways the following week.
However, nobody, I mean nobody, even if you are Warren Buffet, nobody knows what is going to happen tomorrow.
My strong buying level is above 30950, but it should break after spending some time in the channel which is forming a wedge pattern in 1H time frame and it is not a bullish sign.
My strong selling level is below 30350 and I will be more aggressive towards selling side because the market is already overstretched.
If there is pattern breakout/breakdown, my short intraday targets would be 30920 level towards upside and 30400 level towards downside.
A note for my dear followers -
1. Please keep your charts clean.
2. Don't underestimate yourself after seeing complex analysis by the people around you. Believe me, even they don't know what they are doing.
3. Use 1 or 2 indicators at max and stick to them.
4. Journal your trades.
5. Trust your own analysis
6. Preserve your Capital
I want my followers to trust themselves before trusting others.
Cheers.
Reliance is Strong Buy.It has reversed taking the support of 200 EMA and retraced after 0.50% Fibo Retracement and holding the levels at 0.68% and formed Doji, Bullish Inverted Hammer and Red Bullish Hammer as Profit booking was done on Diwali. It’s a Strong Buy for at-least 2090 as 2100 levels will act as a resistance due to huge options selling. It’s unstoppable after 2100.
Britannia, Selling Divergence on 15 mins chart!Britannia strong selling divergence on 15 minutes chart (Blue candle). Gave Rs. 143 per share! Trading presently at mid Jun’20 levels. Strong buying with huge volumes only can make the stock bounce back … !
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This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
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Two possible outcomes2h candlestick patter is strictly following wedge lines as its dynamic s&r. the support band within had been breached and thus could act as a fresh level for a re-bounce. shall it get breached again, twice tested dynamic support could possibly cause a re-bounce and thus an uptrend. dynamic resistance acting as upper edge of wedge is in no position to as as one and this depending upon volume, it can go upto 800 levels.
1-day MACD line shows strong buy signal opposing to 2h MACD trend showing strong sell. markets may move down for a while before it regains an uptrend momentum
LT looking for a Breakout soon ? Go Long above 921 ?Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line.
During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there.
Keeping this in mind and the present levels LT looks good for Long trade setup above 921 for targets of 10,20,30,40 points.
In long position assuming that it breaks the Green Trend line as we are entering before crossover so that might be a possible risk.
ALSO,
As we know supports are nothing but just psychological levels which might act or not so in case, in any case if seller get active and tries to break the support zone of 895-900 we will ride along them and enter short position with targets of 10,20,40, 60 + points.
Thanks!