So here is an analysis of another index 'SENSEX'. Let us understand price action of SENSEX in detail! (OPEN THE CHART FOR BETTER UNDERSTANDING) Firstly, if you have a look at the second last (green) candle here, it is clear that this candle was not able to sustain above a major resistance line (yellow line). Secondly, today the price shot up the major resistance...
Nifty is showing weak on Charts and there will be sell view below 15600. Target 15400 in next weeks expiry.
Looking at the daily chart of BHEL, you can see a simple price action pattern which is explained below. (OPEN CHART FOR DETAILED EXPLANATION) Firstly, it is visible that BHEL has given a brilliant bull trend from December'20. Presiding the uptrend, an accumulation phase can be seen and then a breakout form that phase caused the uptrend. Now, according to price...
Simple analysis for Lupin! It has been consolidating between 1175 and 1246 from the beginning of this month. A break above can be traded for fibonacci pivot targets, and a break below the consolidation range can be traded as a short position for a target of 50 EMA. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea...
Reliance is forming shooting star after a great uptrend, this means that stock can take a uturn soon. Shorting opportunity for a target of 2100 in 20-25 days.
One of my fav scrips. Stock is giving a good opportunity to buy. Follow us on Tgram. Tgram: Stocks 101
Hindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200...
Chart is self explanatory. Visit Tgram for more such ideas. Tgram: Stocks 101
Ashok Leyland forming triangle pattern. Add it your watch list, once break out done take the trade accordingly
An inverted Cup and Flag Formation can be seen in the daily chart. RSI trendline suggests that it may fall in upcoming days. MACD is showing momentum, but still in negative zone. (OPEN THE CHART FOR DETAILED VIEW) AU SMALL FINANCE BANK looks weak if it breaks below the flag formation. Thanks FOLLOW IF YOU LIKE IT!!
There is a chance of market to move up. Buy now Target1: 130 Target2: 180 If you like the post Hit the like 👍 button Follow the page For any feed bay comment below
So, get ready for booking profits as this short trade is superbly set and is supported by RBI's bubble in equity market news
BankNifty formed a double top with bearish divergence Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800 Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270 Happy Trading !!!
Nice level for some profit booking moves. Trendline resistance also present
NZDCAD Sell @ 0.8825 SL 0.8865 TP 0.8725 Use proper money management
USDCAD Sell @ 1.2123 SL 1.2150 TP 1.2020 Use proper money management
NSE:ADANIPORTS On 1H TF, it is in an ascending channel. a trendline resistance and support has formed. Likely to break the support. Short only if breaks channel. Long on breaking the trendline resitance