Sharemarket
Asian paint to take long entryAfter continuous falling today on the hourly chart we have seen a bullish Engulfing candle at the support level. This indicates a high probability that stock can turn up from the current level. long entry can be taken @ 3012 for the next 100-150 points. SL can be placed below the support level. This is for your educational purpose only.
#NBCC #StockMarketNBCC
On daily chart give falling wedge BO
and now trading at weekly resistance level
Buy above 33 for short term targets of 34.5 to 36
Partial booking at 34.5 levels; but if sustain above 36 then add further for 5-8%
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
Can Bank Nifty continue its sell off on 6th July?Key levels in Bank Nifty for Tomorrow:
34300
33800
33300
1)33800 & 34300 will act as a resistance from now on.
2)If market opens flat tomorrow and forms any negative pattern or candle at 33800 levels BNF can be shorted with a small SL.
3)If market opens gap down and opens around 33300 RSI might go to oversold levels for sometime and we can see some correction. In this situation we should look for sell on rise scenario.
4)As 33300 looks like a trend line support and If market stays here for long it will break it eventually.
5)Unless Market breaks 34300 levels ,market is sell on rise mode. Above 34300 ,look for price action and bullish candle sticks patterns before taking the trade.
6)Avoid taking trades If they are far away from support and resistance . Either our stoploss will become far or it will hit our stoploss in any direction. So please be careful while trading
*** Above suggestions are clearly for educational purposes not any kind of Buy/Sell suggestion.
* Feel free to share your thoughts.
EOD chart analysis bank nifty 26-5-22expiry day
Hi,
In this short video made for easily understand the price action concept of market condition.
Hope you all got new dimension or new way to analyze the market.
If you want to more analysis from daily basis just like this video and share your thoughts in comment section.
SomanyCera to take long entryLong entry can be taken in somany after the BO of the TL. High probability trade. At the support level, the bullish engulfing candle has been seen. RSI also forms +ve divergence. Entry can be taken between 625-640 with SL of 588 for the target price of 730-755. This is for your educational purpose only.
PIDILIT INDIA to take long entryWe have chosen to go long in this bearish for Pidilite India. Long above 2340 TGT 2400-2425-2450 with SL of 2300. The bullish candle has been seen during closing hours and reversal has also been seen during closing candles of the day. RSI also reversing. In this bearish market once the stock move from the buying range to keep safe please trail the SL. This is for your educational purpose only.
Bitcoin is not at the good set-up to invest o longtermOne set of wave1-2-3-4-5 has completed, Correction for these 5 waves in progress
Looks wave A completed in 5 waves, this indicates that it is undergoing Zig-zag correction.
Currently Wave B is progress, so buying now for long term would hurt a lot