Technically Reliance is bearish forming head & shoulder pattern even it go below 200DMA 50DMA AND 20DMA has became resistance. Good for investment ye very good when prices near 1750 try to accumulate and average the price but right now short it below support zone within 2-3 day it will break the support because market is nin overbout and world sentiment is negative.
If opens below 756 , I believe its shorting opportunity. Channel already broken, waiting for the Support to break for confirmation. I am still learning Technicals, so please do your own analysis and let me know your thoughts in the comments below.
PVR Trade Line Brack-Out On 1H Frame 10-may, Possibly Short Poisson for the intraday base on my analysis.
ICICI Bank short @ 624- 627 for Target 620- 616- 612- 608+ SL above 630 (15 min candle closing basis) Adjust fut levels as per cash levels
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
It looks like Bandhan Bank will seek lower levels in the near term. From January it started falling from an intermediate high of around 420 levels to 300 levels. Then it consolidated in the band of 320 – 360 for about 10 weeks. Now it has resumed its downward movement. It has broken an important long-term support trend line, in spite of Bank Nifty being strong...
ADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
BANDHAN BANK has broken crucial level of 300 and similar to AU SMALL FINANCE BANK Q4 results is so poor, expecting a major fall. Disclaimer: This is my personal view, please consult your financial advisor before taking any trade.
Upcoming Result will Decide but due pandemic Bull run will be affected. Short term bull run may be possible if results are good.
Triangle Target is 30 point both side from the point of breakout / breakdown
💥buy @ 140-45 range💥 sl below 135 trgt 160-180-200++🎯🎯 🔹expecting a movement in plastic sector 🔹good q3 published 🔹forming ascending triangle 🔹with small stop loss we can book high reward in this trade 🔹after hitting it's high it come down,means profit booking happened so we can see a good ride again. 🍂about the company🍂 Kanpur Plastipack is engaged in...
🍂BPCL again😋🍂 🍁our second entry in BPCL First entry @380, trgt 480 done. 🍂🍂 buy@ 410-18 range trgt 480-550 long 700-800-1000+(long target based on growth) 🍂🍂 ✔expecting good upmovemnt in the stock ✔respecting symmetrical triangle & ascending triangle ✔trend reversed @ weekly support area
Even if people think that tomorrow being SNL event Doge can make new highs I am thinking the opposite...Don't go with crowd.. If daily candle closes below redline we can see a bearish move back to 40 cents zone... I am not saying it can't make new highs but saying it may take a pullback to 40 cents then move upwards.. This is my view...plz do ur own analysis...
Few takeaways from my analysis on MOIL LTD. 1.Inverse head& shoulder pattern breakout: stock broke out of the pattern(neckline resistance) after long consolidation period. 2.Volume spurt: breakout supported by decent volume, indicating bullishness. 3.Moving averages : stock trading above 20MA And 50MA on weekly chart, Also trading above 50MA and 200MA on...
confirmation of evening star with high @628.5 which will be going to act strong resistance for a while so with SL at resistance shorting will be good till gap up not much great
Just wait for a while and watch how it going to act on box most likely to break upper band, but respect to the lower line will open the door for 3800+ with sl of wick of bounce back , 3496 to 3540 will be acting a major resistance so be on the short side near resistance till no clear one-directional rally Intraday level (Short ) LTP 3436 sl 3447/3475 target...
The defensive sector is showing signs of bearish Divergence, look out for moves and the downside and short sell it accordingly, it is already near ATH.