Canara Bank#CANBK
Bullish Harami followed by Bullish Engulfing, showing strength as the Bulls taking control.
Fib retracement from 50%
Target: 245
SL : 208 DCB
Search in ideas for "dcb"
Just follow the Price Action!NIFTY after good recovery from lows would be entering tough Resistance-Support zones. We may witness sideways market for a few days. 17613-17760 is what NIFTY needs to clear for a Bullish Bias (DCB). Short term support at 17375.
4 digits soonA close above 850 on DCB can pull the stock above 1000.
Cup and handle pattern is observed here.
Brooks LabCMP - 120.60 (Breakout & Retest done)
SL - 97(DCB)
Target - 126, 132, 142, 154, 189, 244, 301, 336
Reversed after correcting 36% from the top.
TATA STEEL - SUPPORT HOLDINGHave taken support in Previous level ,
Expecting to reach its first target of 1240
SL Below 1050 DCB
In No Trade Zone!BN is in tight consolidation and may give huge movement soon. Wait for BO or BD. Bullish bias above 38000 DCB and Bearish bias below 35700 DCB. Targets as mentioned.
banknifty weekly fib level support at 0.50% retracement levels Bank nifty technical view
weekly swing low 30405 swing high 41829. we can draw fib retracement level 0.50% is 36122.but weely close is 36197.near 0.50% fib level candle denotes doji.coming days bounce back zone weekly golden ratio 0.618% levels is 34700 zone.below WCB 34700 IS fresh selling level.otherwise we expect 36800 DCB target 37900 to 38200 levels.option writers favour zone is 35300 to 36800.keep radar zone selling near 37900 - 38200(reversal confirmation) buying zone 34700(reversal confirmation)both setup invalid below or above weekly close breakout
Ruchira papersCMP - 81
SL below 70 (DCB)
Shown very good results
Promoters buying from open market
Target - 90, 120, 140+
Talbros Auto- Cup n Handle breakout on weekly chartsWeekly close abv 360 to trigger a much bigger rally for time frame 1-3 months. Min tgt size of handle 360+(360-240)=480. MAx tgt size of cup 360+(360-60)=660(time frame can be 2-4 mth). Keep a Stop below 300 DCB.
Entry only on WCB abv 360 as markets are too volatile.
Tranch 1 buying >360 WCB
Tranch 2 buying on DCB>480
As on daily charts ADX is missing, so buy gradually
Mayank
Meghmani finechemCMP - 701.05
SL - 648(DCB)
Target - 800, 850, 900+
Corrected 37% from the high
Change in trend (Reversal)
Promoters buying from open market
Ahlucont - Weekly breakoutWeekly Breakout chart
Been consolidating for 5 yrs
Need bit of patience if entering , As it is an Weekly Breakout.
Can Enter with the SL of 408 DCB .
Big SL so shud add less Quantity . Can add more if it retest the support and moves up again
KEEP RADAR ON LAURUS LAB TECHNICAL VIEW DCB 523Laurus lab
keep radar on 523DCB.key point 508.target 538,555,572 upto supply zone
option buyers favour sustaining above 522 or below 492.These two level are important,Attaining this level we wait reversal or breakout then deceide buy ce or pe.momentum zone above 522DCB or 492 DCB. key point 508.
tommorrow we keen watch trend continue or reversal.
35400 is an Important Support!#NIFTYBANK, looking comparatively weaker than #NIFTY50. Took 200MA support and rose. Now 35400 is an important support. If that's saved on DCB, we'd again rise back to 38000 Dec expiry. If not, expect another 800-1200 points fall before consolidation. Picture should be clear in coming days.
#NIFTY, took TL support and rose. #NIFTY, took TL support and rose. Now we've multiple supports in coming days. Technically, a good time to initiate buying. I'd start worrying only when we breach and sustain below 16000 DCB (around 200MA)
So those who are worried, can start having some respite.
TATA MOTORS - FLAG PATTERNLooks like a proper flag pattern
Triangle breakout / Pennant Breakout
Expecting the first target 550 soon , May move higher too
with SL of below 470 on DCB .
Nifty50 trend analysis.As per the analysis of the November series expiry of Nifty futures. Level 17588 is a strong resistance for NIFTY Index. Fresh buying on closing above 17588(DCB) with 17588 as stop loss for long positions.
MFLBuy between 690-680 with SL 648(DCB)
target can be 800, 850, 900+
Fundamentally very strong.
Right at the support level.
Recently announce capex expansion.
Swing and Intraday trade : Resistance breakoutbuy above 170 for swing and Intraday
keep stoploss of 155 DCB(breakout candle low) for Swing
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
