Search in ideas for "SUPPORTANDRESISTANCE"
BankexPrice is testing 60 k for few days and it is moving in a small range. Price is bullish as long as it sustains above 60000.
Buy above 60120 with the stop loss of 60020 for the targets 60200, 60280, 60400, 60480 and 60620.
Sell below 59880 with the stop loss of 59980 for the targets 59800, 59720, 59600 and 59520.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Short Call !!!The overbought market needs some trigger to make profit booking and shade it weightage for further long. In such scenario, I bring you a stock which is downside potential of around 17%. It has given a massive breakout in last 1 month. The current level is 192.2. If it crosses below 190, It is not going to get any support till the level of 160. So, go short at 190 for the target of 160.
Shorting August future with hedging by buying out of the money call will be the best preferred trade for this counter.
The stock name is Samvardhana Motherson International.
Happy Trading.
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SbinPrice was consolidating in a narrow range. Price was facing resistance at 887 - 889 zone.
Buy above 882 with the stop loss of 877 for the targets 887, 892 and 898.
Sell below 871 with the stop loss of 876 for the targets 866, 861 and 856.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Resistance Breakout - YUKENPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance Breakout - TALBROAUTOPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance breakout - SHOPERSTOPPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Mighty Nifty - July 4Price consolidated in the range of 24210 to 24310 today and did not give good trading opportunities today.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 24320.
Stop Loss : 24280.
Targets : 24360, 24400, 24440 and 24480.
Sell below : 24250.
Stop Loss : 24290.
Targets : 24210, 24180, 24140 and 24100.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bank NiftyPrice has taken support from 52000, but still it has to gain strength to move up.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 52120.
Stop Loss : 52020.
Targets : 52200, 52280, 52400, 52480 and 52560.
Sell below : 51900.
Stop Loss : 51980.
Targets : 51820 ,51760, 51640, 51560 and 51480.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.