NIFTY 50 BROKE THE RESISTANCE - 18264
doing retest
bullish
target 1 18478
target 2 18700
ready for upside
Search in ideas for "SUPPORTANDRESISTANCE"
Asianpaints : Horizontal resistance breakoutAsianpaints : Horizontal resistance breakout
Buy above 2987
Targets: 3023/3041
SL: 2970
Disclaimer: Im not SEBI registered, Contact financial advisor before any investment.
Panic Shakeout before Breaking All time highSmart money which can move prices at will are seen using this panic shakeout tactic to get rid of weak hands.
There are many stocks which are showing this pattern.
Following are few points that I have observed in this strategy are:
1. Stock price is near all time high level.
2. There is result or news coming at the same time.
3. Dramatic drop of price is seen till near 50ema.
4. In small and steady move stock start moving up and makes a new lifetime high with big candle or a gap.
So unless you have deep conviction on the company it will become difficult to hold through shock.
I am posting few charts here
In case you find such chart do add them in comments.
Bank Nifty - May 10Buy above 43260 with the stop loss of 43180 for the targets 43320, 43400 and 43480. Sell below 43080 with the stop loss of 43160 for the targets 43000, 42920, 42840 and 42760. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Mighty Nifty - May 9Buy above 18260 with the stop loss of 18220 for the targets 18300, 18340 and 18360. Sell below 18160 with the stop loss of 18200 for the targets 18120, 18080 and 18040. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Bank Nifty - May 9Buy above 43360 with the stop loss of 43280 for the targets 43440, 43520, 43600 and 43720. Sell below 43200 with the stop loss of 43280 for the targets 43120, 43060, 42980 and 42860. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Mighty Nifty - May 8Price have to test the support zone 18000 - 18040. Buy above 18040 with the stop loss of 18000 for the targets 18080, 18120 and 18140. Sell below 17960 with the stop loss of 18000 for the targets 17920, 17880 and 17840. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Bank Nifty - May 8Buy above 42540 with the stop loss of 42440 for the targets 42620, 42800, 42880 and 42960. Sell below 42350 with the stop loss of 42450 for the targets 42260, 42180, 42080 and 41960. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Uflex Long - Weekly ChartsStock has Taken Support around 350 Levels.
Clear Upmove till 510-512.
Second Target 555
Sl 375
Weekly Closing Basis
ITCStill has some fuel to move up as long as price stays above 418. Buy above 424 with the stop loss of 418 for the targets 430, 438 and 446. This is not a recommendation to buy/sell. Do your own analysis.
Britannia near strong support zoneArea around 4288 is a strong support zone
On 4 hourly chart it indicates breakout and currently at retest
First target is 4277
Later higher targets can be set depending on candle
stoploss is 4228.7
Nifty strategy for 2nd MAYFor Educational purpose only,
On Friday, the market was bullish & have given a breakout of 18000 level (major resistance). After that the market has made a big green candle showing the bullish momentum. Tomorrow between the levels of 18070 & 17980, market will be sideways to buy on dip AND between the levels of 17980 & 17888 there will be no trading zone, shorting can only be done after the breakdown of 17888 level.
Market opening near 18550;
1. If dow futures are -ve & falling and there is higher call writing in the zones of 18050 & 18000 then the levels of 17980 & 17888 can be tested.
2. If dow futures are +ve & rising and there is higher put writng in the zones of 18100 & 18150 then the levels of 18120 & 18161 can be tested.
Breakout of 18070 level;
If dow futures are +ve & rising and there is higher put writng in the zones of 18100 & 18200 then the levels of 18161 & 18253 can be tested.
Breakdown of 17888 level;
If dow futures are -ve & falling and there is higher call writing in the zones of 17850 & 17800 then the levels of 17840 & 17800 can be tested.
Mighty Nifty - April 28Buy above 17940 with the stop loss of 17900 for the targets 17980, 18020 and 18040. Sell below 17820 with the stop loss of 17860 for the targets 17780 and 17740. This is my pre market analysis and my trading journal . Not a suggestion to buy or sell.
Bank Nifty - Expiry Day April 27Buy above 42900 with the stop loss of 42800 for the targets 43000, 43120, 43240 and 43400. Sell below 42680 with the stop loss of 42780 for the targets 42580, 41500 and 41380. Expected expiry day range is 42500 to 43400. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Mighty Nifty - Expiry day April 27Buy above 17820 with the stop loss of 17780 for the targets 17860, 17900 and 17940. Sell below 17720 with the stop loss of 17760 for the targets 17680 and 17640. Expected expiry day range is 17600 to 17950. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Bank Nifty - April 26Buy above 42640 with the stop loss of 42560 for the targets 427200, 42800 and 42880. Sell below 42480 with the stop loss of 42560 for the targets 42400, 41320 and 41240. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Mighty Nifty - April 26Range has formed within 17760 to 17820. Buy above 17820 with the stop loss of 17780 for the targets 17860, 17890 and 17920. Sell below 17700 with the stop loss of 17740 for the targets 17660 and 17620. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Finnifty - April 25Trend deciding zone is 18980 - 19020. Price have to sustain above it to be bullish. Buy above 19020 with the stop loss of 18980 for the targets 19060, 19100 and 19140. Sell below 18940 with the stop loss of 18980 for the targets 18900, 18860 and 18820.
Crudeoil long setup and short re entry levelsCrudeoil has reversed for a pullback. But on higher time frame, still looks bearish
Bank Nifty - April 18Buy above 42380 with the stop loss of 42300 for the targets 42460, 42540, 42660. Sell below 42180 with the stop loss of 42260 for the targets 42100, 42020, 41880 and 41800. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Mighty Nifty - April 18It was a surprise to see the price recovering very fast on monday. Buy above 17720 with the stop loss of 17680 for the targets 17760 and 17800. Sell below 17620 with the stop loss of 17650 for the targets 17590 and 17550. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
