As the price tries to emerge out of the 25 week channel range consolidation with good weekly volume, can expect price to show strength and momentum in the near term. Initial target of 318. Further targets as per price action. However, the stock has good support at 226-215, below which one needs to be cautious. Always keep a stop loss of 5-8%. Note: Not a buy...
NIFTY50 trading area for next week can be 17650-18100 educational idea only
Banknifty Weekly Analysis : Bank Nifty is super strong when comparing with Nifty, closed above Daily 100 SMA which will act as good support in BNf. 41700 Demand zone will be the key support level towards upside 42200 and any close above 42200 next target will be 42500. Banknifty is only Buy on Dip for Targets 42500 / 43000
Nifty Weekly Analysis : Nifty expected to be in Range this week between 17900 & 17650 Demand and Supply Zone. We have Daily timeframe 100 SMA on the higher side and 200 EMA support on the lower side which will hold Nifty within this range. If any Breakout above 17900 Supply zone we can expect 18K. Any weakness and closes below 17650, then 17500 will be the...
Long on SRF Buy Signal Break Out Signal Long on SRF Buy Signal Break Out Signal Long on SRF Buy Signal Break Out Signal
Tejas Networks Ltd. looks good for a short/medium term trade basis price action. Good support along the trendline and weekly closing above the 40MA. Price might see some tightness in the range between 640-679. Wait for price to close above 679. However, can see good momentum above 680 with initial target of 716. Based on further price action will need to...
NSE:PIDILITIND Stocks to keep on the radar for upcoming sessions. 1. Pidilite 2. Axis Bank 3. OFSS 4. PEL 5. MFSL All stocks have a bearish bias and the analysis is explained in the video This is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep...
The price action of LTIM suggests that it is in consolidation for a couple of months. the supply and demand are now in a 10-12% range. the script had attempted fake-outs in the past as well which failed at trendline resistance areas. LTIM needs to give a close above this level for any decisive move Failure to close above 4800 makes it a strong resistance...
Hello Guys as we can see eth is struggling between 1750-1850$, also btc is unable to break above in single move. chart is indicating eth may test 1400$ area, bt lets pray eth will break above 1850$. Crypto community dont want to see another downfall in upcoming days. hope so somehow btc will break towards 30k.
Copper is ready for upward journey, medium term trand is looking bulish structure for next 2 or 3 months atleast it's very very low risk entry, smart money accumulated around 700 to 760 , so my conclusion is buy around 780 to 760 zone buy the dips of stoploss is 750 my first target🎯 is 812 then 840 @ ath
Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly...
Learning topic : Learn from your loss Be flexible in market movement do not attach to one setup only, Always take seriously your stoploss do not ignore your loss target. If your back testing movement is accurate for 70% then also real market movement can wipe your 30% and you can have a big loss which will make your funds to 00. When such situation comes where...
banknifty can remain in zone today, LEVELS AS FOLLOWS , 41800 - 41500
NiftyBank Demand & Supply Zones by One Hour Chart Analysis for Trading Banknifty Support Zones 1. 41435 - 41460 2. 41215 - 41245 3. 41025 - 41055 Banknifty Resistance Zones 1 .41660 - 41690 2. 41920 - 41970 3. 42245 - 42275
Dear All, So finally yesterday, we had witnessed a wonderful rally of 1000 points in Nifty from the level of 16800 in the last 7-8 trading days. As Nifty had finally made a closing of above 17800, yesterday . However, yesterday’s closing is somehow indicating us to be a little cautious here, as we can observe a hanging man formation on the day chart of...
Maruti Suzuki Cmp 8517 dated 6-4-2023 1. Triangle Pattern BO @ 8535 2. RSI reversal Buy above 8535 for target 8635-8710-8780-8875-8925 SL 8420 It is just a view, please trade at your own risk.
Clarification of setup 1. candle closure on 7th feb and 14th march 2023 seems there is good support near 2720 levels and can be assumed as double bottom setup. 2. divergence has occurred between price and RSI , indicating short term bullish pattern . 3 entry, t1 and t2 has been marked in chart. Note for everyone who came across this study: This chart is only...
NSE:ICICIBANK The stock is at important level There can be little problem in breaking the recent resistances .If it breaks it will test it new highs The has breakout of trend line Also the the stock is taking support from 200 MA