GRASIM Fut made cup & handle pattern on hourly charts with good OI build up & good consolidation after breakout. Very Good Risk:Reward Ratio 1:7+ Not to be missed. Could be bought with mentioned stoploss & target.
BAJAJFINSERVE fut broke above inverted head & shoulder pattern on 30 min TF with decent OI. Could be bought with mentioned stoploss & target.
hul fut is trading in very small range of 2512-2533 from past 5 trading sessions with closing above vwap on daily basis, also shortcovering started in 2520 ce. With all these data suggests more upside if hul breaks past 2533. Conditional buy above 2533 with mentioned stoploss & target.
KOTAKBANK fut breaking multiple resistance zone of 1798-1800 with good OI on an hourly TF. Could be bought with mentioned stoploss & target.
voltas fut broke above upper bollinger band on WEEKLY tf as well as maintaing trading & closing above VWAP levels on daily basis with decent OI. Risk:Reward is 1:4 very much in favour of bulls. Could be bought & hold for Sept series with mentioned stoploss & target.
TF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level:...
Bajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks...
KPITTECH chart is forming a rising triangle after a good retracement. Rising triangles are theoretically supposed to breakout to the upside and continue the price higher but practically you'll find many examples where it breaks down below the rising trendline. on the upside, the price is getting rejected on horizontal resistance and forming hammers/spinning tops....
Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel...
NSE KoltePatil stock overwhelmed today, and it hiked +34.10 ( +12.30% ). Technically, the A B C correction of the Elliott Wave is over. We can expect impulsive moves ahead. Today's volume spike and breakout of EMA 100 indicate bulls are stepping in. The uptrend can extend up to 322 - 340 - 350+ target price for intraday traders. Further information I...
Dr. Reddys Labs Fut closed at a crucial level. It has to take a U-Turn from the current closing price. Otherwise, speculators will keep selling. And according to TA, we will see the target of 3780 - 3720 levels soon.
Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it. But you must note the second resistance of 36871 ....
FX:GBPUSD Hi Traders, Welcome to Trade of the Day Please be keep in mind that trading is all about risk management. As any wave can be cancelled also. So always take 1-2 % of your capital per trade and also do partial profit booking I will indicate when you need to trail SL. With Neowave and these three pillars of risk management you can certainly beat...
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
A breakaway gap occurs when the price gaps above resistance or gaps below support. Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns. Breakaway gaps often occur early in a trend and show conviction in the new trend direction. How To Trade A Breakaway Gap? The market moved...
KSB has broken out os a bullish Saucer Pattern, can rally to 1220 in the short term.stop loss can be placed below 1030.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
IDFCFIRSTB -------------------------- 1. BREAK ABOVE THE MONTHLY RESISTANCE 55.20 AND RETESTED THE SUPPORT AT 47. ANALYSIS -------------------------- WE CAN BUY AT CMP. ALREADY THERE WAS SOME CORRECTION IN THE DAILY CHART TARGET: 67 AND 79 STOP LOSS: 46 (CLEAR STOP LOSS) OR 53 (WITH LESS RISK) Please like the idea and follow me if you find this...