Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend.
Looks good to accumulate for long term until 2300 is not broken.
This time it can target for another ATH.
For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.
Showing two charts side-by-side - both 1H.
Left side: A clear Darvas Box breakout with good volume (more than average) and RSI is upticking above 60.
Right side: Alligator is wake up. The price line cut through the alligator. Lips - Teeth and Jaws are perfectly placed for an upmove.
SL: 1380. T can be 1430.
Alternatively 1400 Jan-25 CE at 30 with 20 as SL.
In all parameters, NSE:JUBLFOOD is in downtrend. However, one contra trade is looking for risk-worthy due to:
1. A (almost) Marubozu candle formation after a prolonged downtrend in daily chart.
2. Accorded by RSI +ve divergence
3. Per Ichimoku strategy:
a. Price is crossing the T (Tenkan) line
b. K (Kijun) line is becoming flat, means going to...
Today NSE:GNFC is a high volume top gainer, even in this mundane market.
The 4H chart shows interesting formation:
High Volume. More than double the average.
A down trendline broken
The alligator is waking up.
Trade: Go Long with SL of 560 for a target of 600+. CMP: 575.
The FASP for Bajaj Finance is listed for 22-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard...
NSE:SPECIALITY is showing an interesting multi-timeframe breakout:
In Daily timeframe, it is showing a clear breakout of falling trendline.
Volume is high
RSI shoot up from 50 to 71
Interestingly in the hourly chart also the pole-and-flag patten breakout happened with volume buildup.
BSE:HINDWAREAP is showing multi-timeframe breakout.
In daily chart it's a cup and handle pattern with volume and momentum
In hourly chart it's a rounding bottom patten.
Trade:
BUY above 422, SL: 418, T: 425/428
SELL below 420, SL: 424, T: 417/414
NSE:TALBROAUTO shows a rectangular breakout with a volume spike and the RSI is also shooting up in overbought zone.
Trade: BUY above 554, SL: 548, T: 560/565
SELL below 544, SL: 549, T: 540/534
IDFCFIRSTB has an Evening Star Pattern at the top of an uptrend.
Also the volume is decreasing.
And the RSI is moving downwards from overbought region.
Trade:
BUY above 64, SL: 61, T: 66/68
SELL below 60, SL: 63, T: 57/55
GUSGAS seems will follow it's pattern.
First it will fall to the trendline and then will rise.
RSI also conforms the same.
Trade:
BUY above 533, SL: 528, T: 536/540
SELL below 529, SL: 533, T: 526/522
PNB is at the exact support level, is getting support.
Now the beauty is: the RSI is also exactly matching the price behavior (the uptrendline).
Trade:
BUY above 60, SL: 58, T: 61.5/63
SELL below 58, SL: 60, T: 56.50/54
SBIN is at a trendline in hourly chart. So both side movement is possible.
Also the RSI is showing a +ve divergence.
Trade:
BUY above 620, SL: 615, T: 626/632
SELL below 612, SL: 617, T: 606/600
NMDC is about to breakout a long term resistance and a uptrendline.
And a rounding bottom (saucer pattern) also.
Only the volume needs to pick up.
Trade:
Buy: Above 125, SL: 121, T: 128/131
Sell: Below 121, SL: 124, T: 117/114
