Breakout or Breakdown ? Will the stock give a breakout this time
HDFC Bank : At a very crucial support level. Below this level the stock will turn bearish. If it takes support then it may try to break the 1725 level again.
Support from fibo levels for multiple time and now support with 200 EMA
NSE:ICICIPRULI ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business. ICICIPRULI forms bullish hammer on 6 sept,2023 and gave closing above hammer...
In the Weekly Chart of TCS , we can see that, it might give W breakout next week . TCS alone can bring momentum in NIFTY IT Sector. Enter on W breakout and book profits as per Risk ratio. Expected momentum is shown in chart.
In the Weekly Chart of INFY , we can see that, it has shown a slow and very strong recovery. Last 4 weeks has been Bullish. Next week can be a halt or retest candle. Expected momentum is shown in chart.
In the Weekly Chart of HINDUNILVR , we can see that, it has multiple rejections at 2700-2730 levels. It has now created a Halt Candle. We might see a W pattern breakout in it. If it breaks, enter on breaking its high with low as SL.
In the Weekly Chart of MARICO , we can see that, last 3 weeks has been bullish. Next week can be a halt or retest candle. Expected momentum is shown in chart.
In the Weekly Chart of HDFCBANK , we can see that, it has taken an up move from 1560 Support Trendline. Expected momentum is shown in chart. I expect it to be around 1900-2000 b year end.
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the...
NSE: BLUESTARCO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
GMDC has given a strong weekly close above the descending TL (Blue ) and also trading above 10 weeks close. Can expect a move up to 186 and 228. SL 135-137
Ready to move NIFTY BANK Bullish HH HL Pattern Flag Pattern
SBICARD if sustain above 850 for the day, then take Long position. Buy 850-855, SL 825-830. NOTE: Please maintain good Risk to Rewards, as per your risk appetite.
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...