Bearish pennant pattern formed in Reliance 15 min timeframe. Go short once price breaks down and goes below~2408.65 level which appeared to be a good area of resistance and support First Target: ~ 2399.00 Second Target: ~2386.00 and so on This is just for educational purpose. Please do your own research before investing or trading Happy Days
Looking good on weekly charts with BO in trend and good support from fib levels
Very low inventory of stock, higher demand in ev segments, I m very bulish on this commodity For intraday my stoploss is 438 first target is 445 and then 455
In the Weekly Chart of IEX , we can see that, finally it has strong recovery by breaking the Trendline. Let it retest and then enter with SL and Targets. This can be a Buy at Bottom Opportunity. Enter with 1000 Qty and hold till 3 years like you hold Mutual funds.
In the Weekly Chart of GNFC , we can see that, it might respect the Range one last time and then show an up move. Expected momentum is shown in chart.
In the Weekly Chart of ZUARI , we can see that, it has multiple rejections at 165-170 levels. Enter on breaking Inverted Hammer Candle's High with Low as SL. Go very Long at least 6 months.
In the Weekly Chart of UCOBANK , we can see that, it has retested the small Triangle breakout and it is now ready for Strong up move. Expected momentum is shown in chart.
In the Weekly Chart of KOTAKBANK , we can see that, it has mad a Decision Making Candle. Possible momentums are shown in charts. If it breaks the Candle's high, this will called as W Pattern breakout. If it breaks down, it might test the lower levels again.
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...
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...
On a weekly chart, the stock emerging out of the base could be an ideal buy zone (65-68). Maintain a strict stop loss between 5-8% incase the trade goes wrong. PS: Not a buy/sell recommendation. Do consult your financial advisor.
It's look good and ready for breakout, add in your watchlist and keeping tracking
NSE: COALINDIA is closing with a bullish swing reversal 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 11% gain on...
Auto Ancillaries Industry Fiem Industries looking good. 500-600 pts ~30% upside potential. Fundamentals looks good. Disclosure: Educational. Not invested
Finolex Pipes Cmp 247 dated 1-9-2023 (2.12 pm) Weekly Chart (Positional Trade) 1. Rounding Pattern BO 245 2. RSI already done BO 3. Price Rise with Volume Rise Buy @ Cmp for tgt 275-300-315-330-350-365 SL 220 It is just a view, please trade at your own risk.
Looks like nifty is moving towards 18725, lets see if that happens
Nifty has been trading below the 20 ema and is taking support from 19250 levels. Market has lost around 200 points from this week high and is trading around the previous swing low. If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off. On the hourly charts, the market came for selling and...
Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000...