Nifty Intraday Trade Setup | 30th June 2021Nifty opened the flat and we saw a sell-off in the morning which took Nifty to it's support zone of 15750, after consolidation it tried to test the 15800 levels but again saw the rejection and closed near 15750. If we open with a gap-up, look for the selling opportunity as we are not seeing strong buying at upper levels, and sellers are active. In the case of a gap-down, follow the price action.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 15800
Sell Below - 15720
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Reasons for strong buy
1. Harmonic pattern BAT formation
2. MACD Bullish hidden divergence
3. Ascending channel & Falling wedge at the moment
CMP - 1483
BUY above 1483
Target 1 - 1493/1499
Target 2 - 1514 /1527
Stoploss - 1472
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JINDAL STEEL TO STEAL THE SHOW ⚙️⚡Reasons for strong buy
1. Elliot motive wave 5 formation ahead
2. MACD Bullish hidden divergence
3. Darvas box breakout ahead
CMP - 396
BUY above 412
Early Target - 432
Swing Target 1 - 432 /445 /500
Target 2 - 546/560
Stoploss - 380
Elliot motive wave rules
1.wave 3 shouldn't be the shortest amont wave 1,3,5
2. wave 4 should not overlap with wave 1
3. wave 2 should not break below wave 1
Check these successful trades & approach on Britannia , Mothersumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , HindZINC given below
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Completely a bullish trend. Only buyProfit growth
91.5 %
Debt = 0
Stock p/e < industry p/e
Good cash flow as well as good promoter holding.
Strong buy recommendation..
Make sure to do fundamental analysis by your self as well before investing.
HAVELLS - STRONG BUY FOR SHORT TERM BUY HAVELLS ENTRY: 1010-1030 SL: 995 T1:1130 T2:1230
For details pls refer the chart ( trend analysis + fib retracement ) - Stock has retraced well post its result. now it time to show +ve for result.
Note: Not a Sebi Registered or certified Analyst. It is just my analysis as well as Opinion and for my records. Not a recommendation or promise
1670-1690 is a strong buy zoneWhy am I so confident of 1670-90 zone..,
the same zone gave support 5 times earlier and it is the 6th visit to same zone..,
It is the zone from where 400 dollar or 25 percent upside rally started..,
And it is the zone of inverted head and shoulder breakout,,
Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top)
Buy the dips and keep accumulating..,
Stop on closure below 1670.., Below 1670.., 1530-60 zone possible..,