On daily charts, we observe
• Hanging man candlestick. Under normal conditions, a 150 point tail would have been significant candle, but given the way markets have moved in the last 2 months, we need further observations
• While it has formed Hanging Man candlestick, it has also managed to close significantly above 20 day EMA. If Nifty has to go down it has to...
As Banknifty and NIfty wont provide any vol/tick information we need to have special scripts to generate required data in easy to understand and take decision to buy / sell.
These Breadth indicator tools for Nifty and Bank NIfty will help in understanding the index stocks movements
Incase if interested kindly follow me and request for access.
Together we can...
Apollo Hospital Sell below 1260 for a target of 1215. This is the 4th time it has reached the resistance level. Resistance has become weak as this is the 4th time it is testing it. This time it will break as the NIFTY trend is also negative.
PVR stock is bearish on 30 min candle. Tomorrow it will give opportunity to short below 998 for the target of 980, 970 with stoploss 1013.
Sell below- 998
targets- 980, 970
time period- INTRADAY 04-may-2020.
Note- Valid only if tomorrow open price will below previous day closing price and trade below 1000...
Happy Sunday! Hope you all are ready for tomorrow :)
As we all know, the lockdown is extended till 17th May 2020, and this is going to put all the plans on hold for aviation sector. Additionally, looking at the Indigo chart pattern, I find it bearish as it isn't breaking 1080 target from long time now.
Here are my targets:
If it breaks 981...
NZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING...
This stock has corrected badly from higher levels and from last few trading sessions have not managed well to close in green,even it broke 2400 levels which it breached last time on sept21,2019 and closed below it.Even volume profile suggests it has closed below its point of control.Most likely to break 2000 levels ..sell it