Bandhan bank is at Weekly BO level.On all Charts bandhan bank is on bullish trend. Since last 5 weeks stock is making higher highs on weekly trend. Also on daily TF the stock is forming higher highs except small pull backs. stock is in uptrend & trading above the 50 EMA level. Now above the level of 380 stock can be taken for long entry for the target price of 425. After the 435 we can see more strength in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Sharemarket
Bharti Airtel again at break out level.Bharti Airtel is Trading in the zone since the last one month. Now once again the buying opportunity in the share . As marked on the charts we can see the formation of cup & handle pattern along with the price moving above the 50 & 20 EMA levels. So we take take the long entry above the level of 575 for the target of 590. Now the stock facing the major resist. at the area of 592 to 595. if stock able to cross this level than only we can see the lift time high of the stock. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
BPCL stock to be taken for long One more buying opportunity in BPCL stock once again. so in next trading session once the trend line broken try to take the long entry with +ve candle above the level of 376 for the target price of 395. if stock able to cross the resist. area of 392 than we can see the 400 levels in the stock very soon. So add the stock in your watch list to see the price action movement.Try to identify these kind of levels. Also if we follow support & Resistance consistently we can become profitable trader in the market.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
M_M Finance on bullish trendNow on daily chart M_M Finance chart has started to build up the uptrend. For past many days the stock in on sideways movement & currently trading above the 50 EMA Level & at weekly BO level. long entry can be taken above the 210 level for the target price of 230 as marked on the charts. So add the stock in your watch list to see the price action movement . A small pull back is expected but it will gain the momentum & touch the target.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Biocon Stock to take the short entry.In Daily chart we have seen the shooting star candle at the Resist.level to take the short entry. Short entry can be taken below the level of 400 as we can see strong support at this level. Let's wait to BD this level. After 395 once stock move below the 20 EMA level then we can see the 390 level in the stock. So add the stock in your watch list to see the further price action movement in the share.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Grasim stock in bullish modeClearly, We have seen the daily chart of Grasim is in uptrend & trading in the range since past few days. Trading is the range means something going to BO or BD at certain level. This stock is hitting the Resist.zone @ level of 630 again & again with the support of 50 EMA level. So possibility that the stock will ready for the BO from the area. So long entry can be taken above the 633 level in next trading session with the target price of 645 to 652. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Tech mahindra stock to be taken for long entry.Tech Mahindra stock to be taken for long entry after the trend line BO @ level of 575. Now the stock is on daily trend above the 50 EMA. Target level as marked in the chart @ level of 590 to 600. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Bharat forge share on uptrendCleary very bullish Bharat forge is on very bullish mode & stock in uptrend. The same is at daily BO level of 338 . We can take the long entry for the text level of 346 to 350 . The stock is kept on moving. . Resist can be seen @ 352. so Add the stock in your watch list
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Bharti airtel wait to break the triangle pattern for intraday.Tomorrow let's wait to break the triangle pattern to take the trade as shown in the charts. Add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
ACC short Entry please check ACC can be taken for short entry ..... As per marked levels..
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
HDFC life share on bullish modeClearly, We have seen daily BO given by the HDFC Life share. In this sideways market only a few stocks are able to get the good performance. so after deep analysis we have got the stock. so we can take the long entry above 548 & till the target price of 572 with SL of 541. Stock is on bullish trend on TFs & forming higher highs. Also the neckline of double pattern has been broken on the charts which is again the sign of bullishness. so add the stock in your watch list to see the further price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
ACC LTD on bullish trendClearly on all TFs ACC stock is gaining the momentum & trading above the 50 EMA level. Also RSI level is indicating towards uptrend.So in next trading session in any pull back at lower side but above the level of 1280-1285 try to take long entry for the target price of 1308. Next major resist. level for the stock is 1320. Once this level crossed & stock able to sustain well then it will touch the price level of 1352. So all type of traders & investors can add the stock in your watch list .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
HDFC bank at Daily BO level @ 1082Clearly, We have seen on the daily chart of HDFC bank is at break out level. Stock is on bullish mode & trading above the 50 EMA level. Also we can seen the W pattern forming on the chart. Once the stock able to break the upper resist. level as shown in the chart & able to sustain than we can see the target price of 1124-1130 .So add the stock in your watch list to see the price action movement . Although buy signal has been triggered above 1063. But now long entry can be taken above the 1082 level too.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Adani Port on bearish TrendWe have seen clearly Adani port break down has been given just now from the channel pattern. Now the stock is trading below the 50 EMA . So from this level @ 341.8 this can be taken for short entry till near support of 335. If beyond this stock move we can see more weakness in the stock. So add the stock in your watch list & see the simple price action strategy.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
BPCL stock to be taken for long On daily chart we have seen stock in the uptrend & forming the cup & handle pattern. Now long entry can be taken for the next level for 425. This stock may face the minor resist. level @ 403. After this stock can touch the level of 425. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Today Banknifty trade taken knowledge sharing for all.Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. Banknifty trade is taken on one hour chart... Please note these points for future reference.
After taking below multi level confirmations we have executed the trade: When all below points are in our favour so this is called the high probability trade.
1) RSI given bearish signal on chart.
2) Negative Rejected candle seen below the resistance level of 22555.
3) Well supported by the 2nd negative Rejected candle with lower low.
4) On 3rd Candle trend line has been broken.
5) On 4th candle Shooting star candle has been seen .
6) On 5th candle we have taken the trade. Here we are very confident to take trade after a shooting star candle has been seen.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Reliance is back in bullish Trend to make new ATH?As we saw yesterday Reliance took a dip to 1564 region which was Target 1 and bounced exactly form support to break the previous ATH of 1620 and made a new high of 1626.70, which brings back reliance in a bullish trend. As on 16/06/2020 if reliance opens in positive and holds up to previous days gains, Buy Reliance above 1627 with SL of 1623 with a long term target of 1735. If Reliance fails to hold 1600-1595 Short Reliance below 1590 region with SL of 1595 will be the targets will be downside region supports mentioned in the chart.
Grasim industries share have started uptrend.On daily chart Grasim industries share is going to be ready for another breakout @ level of 633. Stock can be taken for the level of 700. but before going to 700 stock will be tested the minor resistance level @ 650 & 670. on daily chart cup & handle formation has been completed . So add the stock in your watch list. Entry will be taken as per marked trend lines.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Requesting everyone to spent time on learning to sharpen your skills in the market.
Possitional call on ICICI BankNSE:ICICIBANK is making a perfect W pattern on multiple time frames. Its an a positional call holding on 5 to 15 days.
Its forming a double bottom reversal pattern. Its breaking a neck line almost we can expected move on 95.25 points at the level of 437.05.
Long above 345 to 350 levels
Stop loss 322.65
Targets 1 - 389
Targets 2 - 408.10
Targets 3 - 437.05
Idea Mid Term BuyIdea share price has been following trend within trend with ascending triangle. Hope it will touch level Rs 20 to 30. then sudden down or range bound possible.
Short term target Rs 10 to 12
Mid term target Rs 20 to 30
Duration 20 to 90 Days
Disclaimer: Stock Market Is Subject To Market Risk. Buy Sell Is Your Choice.
Cheers!
Vikas Gupta