On a weekly timeframe the chart is religiously following its anchored VWAP since the march 2020 low.
It has been creating accumulation zones shown in the BLUE color boxes shifting UP
NSE:NATIONALUM
The stock is moving up after taking support at 67 -65 levels(indicated by dotted white lines). The stock had respected price levels between 77 - 85 many times (indicated by the white line) in the past.
Also, there is 200DMA around 85 levels
So looking for entries - above 85 (Should consider volume level along with it)
Short-term target -...
Another one of those Pharma companies which was in the wars over the past 1 year..the management has made many mis-steps and lost focus..leading to losses.
All the attention shifted to its biologic business.
THe RSI now had a divergence and the follow thru days show that there could be a bottoming out here.
The stoploss here is 290 and its deep..but this is a...
One of those successful retail stocks from 2020 which made a lot of noise and money for many people..but for those that entered late it was among the mosst hated ones.
The stock could've potentially bottomed out.
Also like Mark Minervini's 50/80 rule..this stock did significantly correct.
Long above 380 and double up above the 200EMA (395)..If like me you like...
5 Years #Multiyear #Breakout at #DLINKINDIA (D-Link India Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 533146 / NSE : DLINKINDIA
What Is a Rounding Bottom?
A #roundingbottom is a# chart #pattern used in #technical #analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of...
NIFTY ON 28-10-2022
Index remained range-bound throughout the session with the lower band shifting towards 17700. Despite weakness in all major indices except AUTO Index successfully defended 17700 as buying was observed in heavyweight RELIANCE which gained 3.09% during the session.
Index closed at 17786.80 making a Bullish candle on the daily chart.
Technical...
Levels:
Support: 7180-7160, 7120, 7000 (Solid Support, even in OI data)
Resistance: 7250-7275, 7300, 7400.
OI Data (16th Nov Expiry):
Highest OI Call in Crude per OI data: 7500
Highest OI Put in Crude per IO data: 6500
Nearest Major Resistance in Crude per OI data: 7300
Nearest Major Support in Crude per IO data: 7000
Trade setup:
1. Still by-and-large...
Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all.
The downtrend on the 1-hour chart slowed down yesterday after the...
The SnP chart is NOT Looking GREAT at this stage, wherein, Price is not able to hold even the minimum Barest requirement of the FIB. I had said sometime Last week that the SnP/DJIA/NIFTY would probably ALLIGN with Each other and Move upwards..... NOT ANYMORE. This will not happen if price stays below the Bare Minimum. Infact...... I am unsure which way Indices MAY...
Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25.
After all the interventions and...
Trading EUR AUSSIE will be profitable if you're looking for buy, both H4 and D1 came with our ascending trend channel where respected severally, we expect that to keep Trading till reaching our D point where is our major resistance.
In our trend channel the Bullish flag has been formed and broken by aggressive bulls, this shows power has been shifted to bulls...
BANKNIFTY Intraday Trade Setup For 26 Sep 2022
Buy-Above 39650
Sl-39535
T-39820 40000 40300
Sell-Below 39410
Sl-39525
T- 39250 39151 38960
BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that...
NIFTY Intraday Trade Setup For 26 Sep 2022
Buy-Above 17375
Sl-17320
T-17500 17600
Sell-Below 17290
Sl-17340
T-17225 17150 17045
NIFTY has closed on a negative sentiment on Friday with 1.7% cut. Index has given a continuation of Dark Cloud cover formed on 15 Sep. After Activation it has given more than 450 points fall. (17770-17295). Last day we planned to short...
This isn't buying recommendation... I'm just validating / sharing my analysis with community of traders.
Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;)
Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
SUMMARY
-look at the week chart of sbin
-once a weekly close above 550 is achieved
-positional trade opens up for 600-620-650 zone
-banknifty breakout and will test new all-time high
-diwali target again in sbin 620-650
-will update target
-540 call option oi has seen 1.5m in short-covering
-base is shifting higher
DISCLAIMER
*my views are not trade...
Key highlights:
⚡️ Consolidating in the weekly demand zone for the last 4 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range...
Key highlights:
⚡️ Consolidating in the weekly demand zone for the last 3 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 15 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 490 zone. If the price manages to push above the range...
