Bandhan Bank is moving upThe Bandhan bank is looking good at this level and sustaining well above the resistance zone. keep on the radar.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Stockfortomarrow
Maruti is gearing upThe chart pattern of MARUTI is looking wonderful at this point and if two candles survive above the trendline it can be a trending stock.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
LINDEINDIA : STOCK WITH QUICK MOVEMENT IN NEXT FEW DAYSLinde India Limited is an India-based industrial gases company. The Company operates through two segments: Gases and Related Products and Project Engineering Division (PED). Hindering Around 52 Week High, we may see a new 52 Weeks high if uptrend continues. The Entry level is 3868 , but we have to ensure that the stock retests the support @ 3867.75.
We may see stock reaching its first @ 4015.65 and second @ 4092.85 very quickly . However, resistance could be seen at the third level @ 4203.75 , and if we see break out at this level , we may certainly see a new 52 weeks High.
Lets keep a watch if the stocks makes a new support at 3867.75
HDFC Life Insurance Company Ltd :There is Still some more to dipHDFC Life Insurance Company Ltd is an India-based life insurance company. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, and health. There seems to be a Break down Coming in Daily Time Frame. A Good Stock to keep a watch on. All the indicators are implying a downfall. The Entry Level , Targets and Stop Loss are as mentioned on the chart. For Aggressive Traders, It is already a time to take entry as the Stock is stuck in a RANGE , and 6 days are over. Hence we may see a NR7 break down immediately.
Good Luck !!!
boost my Idea if you like it.
ASIAN PAINTS LTD: INTRADAY SETUP FOR WEEKMy Intraday Set up for Asian Paint for next few days.
As discussed previously , the stock has just seen the reversal trend in upward direction , we must thus wait for opportunities to buy.
On 15 min chart , the stock is currently in range as detailed in chart. Once the breakout is seen , we have the opportunity to enter the trade. The entry trigger will be the price action @ 2852.20 , leading us to various targets as detailed in chart. Each targets is preceded by some resistance . Hence , conservative traders may exit and re-enter the trade once the resistance is broken out.
The technical indicators at current level are as under :
CMP : 2825.55
MA50 : 2822.08
MA200 : 2801.62 ( Cross Over)
RSI : 57.894 crossing over
ADX(14) : 17.682 ( No Directional Strength - In range )
ATR (14) : 5.18 ( Less Volatile )
One must enter the trade only after the Breakout , and conservative traders shall wait for price action. Good Luck !!!
Suggestions are welcome .
AMBUJA CEMENT INTRADAY SET FOR 21.02.2023So , here I share with you the strategy for Intraday Trading for AMBUJA CEMENT . On daily time frame the Stock with CMP as 352.45 has already entered the reversal pattern and has potential to go trend up till 595. On lower time frame , i.e. 15 Mins , the stock is in range. If Stock Breaks this range , as detailed in the chart , we can enter the trade with different entry levels and targets.
Remember , the Chart has just entered the uptrend and thus we shall only look for the opportunities to buy.
Our First Condition to enter the trade is Break out @ 356.75
Technical Indicators on 15 mins candle :
CMP : 352.45
MA50 : 350.07
MA200 : 352.31 ( Making Golden Cross Over)
RSI : 55.62
ADX(14) : 24.26 ( Directional Strength )
ATR (14) : 2.6 ( High Volatile )
To understand Market Structure at daily frame, please refer to the link.
Share your Views and boost my idea if you agree :)
LONG #APOLLOTYRE @240-250 RETEST ZHON Apollotyre making good price action pattern in weekly time frame NSE:APOLLOTYRE
This stock making (DOUBAL BOTTOM)pattern and break the trandline resistance lavel of 235.stock also break the supply zhon of 240-248 with big green candel with high volume.
today stock gatting retast to resistance brcome support zhon,PEMA(21,34,55) its turn to flat to sloping upside its best singh for long this stock.
my lavels are enter to this stock
BUY = 240-250
TATGET = 280-300
STOP LOSS = 223
Jyothi Lab: Rounding Bottom breakout after an year's resistance Reasons for being bullish on Jyothi Lab:
Rounding bottom breakout. The bottom is created over last one year.
The same level is tested this time thrice, since last one year. So long term resistance level breakout.
Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
Friday's candle totally engulfs the Thursday's bearish candle.
Simple Trade Setup | INFYOSYS | 13-12-2021 [ INTRADAY ]NSE:INFY
Observations:
1) On 1day time frame, we can see that it is trading above 21DMA.
21DMA is placed at 1740.80 level. Which will work as support.
Immdiate resistance is at 1760 level range.
Please refer below chart : 1day Time Frame.
2)Also on 1 day time frame, we can see that it is trading in triangle pattern.
Breakout on upper side will make it bullish.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BHEL | 13-09-2021NSE:BHEL
Observations:
1) On Daily Time Frame, we can see that it is failing to close above 56 level. Which is a critical resistance Zone.
Also it has taken good reversal from 200DMA and now it is trading in between 21DMA and 50DMA.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading in Ascending channel pattern.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
P.S: Trade with Strick SL.
Simple Trade Setup | ACC | 13-09-2021NSE:ACC
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | DIXON | 08-09-2021NSE:DIXON
Observations:
1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle.
Please refer below chart : Daily time frame.
Today volume also increased compare to yesterday and it was above "21Volume Moving Averange (21VMA)".
Please refer below image.
2) Also on 1hr time frame it made rounding bottom pattern along with double bottom.
Please refer below chart : 1hr time frame.
3) On Daily time frame it has made V bottom pattern. And in last 4 days it breakout the neck line of it and it tested today from 4200 level and gave good upmove.
Now next neckline/resitance to watch is 4350. Any sustainable breakout of 4350 level will give good upmove.
Please refer below chart : daily frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | COLPAL | 08-09-2021NSE:COLPAL
Observations:
1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle.
Only one negative thing is that it couldn't closed above yesterday's high.
Please refer below chart : Daily time frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup| PI Industries | 30-08-2021NSE:PIIND
Observations:
1) On Daily time frame it has been taking support from 21DMA and trading above 21DMA and now it is near to it's critical resistance level of 3200. On breaout of it, there will be good up move, but if it faces resistance from it then it will be again down move.
Please refer below chart : daily time frame.
2) On 1 hour time we can see that it has been taking support from the parallel channel. It shows that it will remain in up trend at this moment.
Please refer below chart : 1 hour time frame.
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Simple Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | BHEL | 27-08-2021NSE:BHEL
Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.