Nifty Monthly chart Analysis - ready for new highPrice pattern or Price action reading using SMA
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Bullish flag pattern breakout in PIRAMAL ENTERPRISESPIRAMAL ENTERPRISES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 760+.
✅Can Go short in this stock by placing a stop loss below 712-.
Triangle pattern breakout in APOLLO HOSPITALSAPOLLO HOSPITALS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5270+.
✅Can Go short in this stock by placing a stop loss below 4301-.
Bharti airtel is about to boom for buying Bharti airtel has given a beautiful breakout of the recent trend line .... and is looking bullish
#Mangalore Refinery Breakout !Stock is again near to breakout level and today burst with good volume, follow chart for proper entry and exit.
Delta Corp ChartBuy at 205
for positional Target 220
SL 200
If downfall continue ,
can retest level of support 1 & support 2.
Banknifty: Brace yourself for 43000.BankNifty is poised to potentially achieve a new high above the 43000 level. Our analysis indicates that it has been consistently making higher highs, while failing to establish a new low, indicating a trending market for the past few days. We have observed heavy put writings on levels below 42900, suggesting that a little bullish momentum could still provide opportunities to enter on retracement around the 42860 to 42920 range.
Currently, I am holding at 42800 and am already in profit. I will be closely monitoring the 42921 to 42938 range, where a double top formation could signal a potential reversal. However, for this scenario to materialize, we will need to break below the 42781 level to confirm a bearish outlook.
closely observing the market to see how it unfolds.
Buying recommendation of BAJAJ FINANCEBajaj Finance has given a breakout of recent swing after 208 days...
Rising wedge pattern reversal in DIXON TECHONOLOGIESDIXON TECHONOLOGIES
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3125+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2770-.
Bullish pennant pattern reversal in MARICOMARICO
Key highlights: 💡⚡
📊On 1Week Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 520+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 890+.
BATA INDIAStock is trading above 20 and 50 Ema for the first time after last November. Other footwear companies are also in top gear like Liberty shoes , metro , relaxo
Looking good above 1495 fr target 1530
Sl 1455
Tsl 1470
Asian PaintIf upmove continue tomorrow than
Buy at CMP (above 2885)
Tgt 2900 , 2925
Sl 2850
Tsl 2865
Adani enterprisesStock is range bound to bearish on multiple Time Frame
Sell below 1800
Tgt 1685
Sl 1826
Century Tex & IndustriesBuy near 635-640
Tgt 665 ,685
Sl 620
Above 700 More upside possible for 725 ,740
Tata Consumer Chart Tata Consumer
Tata Consumer is making Lows Highs
and shifting it's support base upwards .
Now to continue upmove it should stay above 690 next week
otherwise more downside possible .
690 is now work as major level .
If hold above 690 in next week than buy
above 701 for 725 ,SL 690
If go below 690 in next week than sell below
685 for tgt 650 , Sl 700
Small SL entry in Bandhan Bank. Targets 222, 236, 247.Bandhanbank is displaying an Inverted Head & Shoulder pattern and is currently experiencing a constant upward trend with the formation of a rising wedge in some time frames. As per my analysis, buying on dips in this stock could be a favorable decision. However, it is recommended to wait for a small correction before initiating the trade.
It is advisable to place a small stop loss to mitigate risk. The potential targets for this trade are 222, 236, and 247, and traders can trail their stop losses according to their risk management strategies. It is crucial to monitor the stock closely around the 222-226 levels. I recommend avoiding holding this trade below 206.
As always, I would like to remind traders to exercise their discretion and make their trading decisions based on their own risk management principles.
HINDUSTAN AERONAUTICS LTD (HAL)Two scenarios possible in the stock HAL , a possible downmove towards 2660-2670 levels which is a major support zones
Scenario 1 : A possible bottom formation at support zones of 2660-70 and stock can resume its uptrend and also towards 3000 levels
Scenario 2 : A breakdown of support zones 2660 levels will confirm a double top formation in the stock and can fall towards 2500-2350 levels
ACCACC Near Good zones to go short
Cmp 1758
resistance @ 1774-1784
sl can be put above 1800
only for skilled traders
Shilpamed breakout #shilpamed
Added 40% qty at 270
Sl is wide , 250.
So safe can enter on retest
#vr
Nifty Levels for Dt. 19.04.23 :Nifty is looking bearish and can face resistance on upside .
sell nifty below 17620 and buy nifty above 17750 .
Support - 17620, 17500
Resistance - 17850, 18000
Disclaimer : Posts are for educational purposes only ; not any buy or sell recommendations..
Please consult your financial advisor for initiating any trades
ITC Stock LevelsITC is facing resistance at 400 .
It need to cross 400 levels for furthur upmove .
Big Breakout expected above 400 levels.
HDFC STOCK BIG BREAKOUT.Great BO with bullish candle now HDFC stock is consolidating for a while . This happens when expected for a big move calm before the storm. Stock is forming the flag pattern. Can take entry after the BO of the pattern with Good risk to reward trade.Keep the stock in your watch list. This is for your educational purpose only.
Pre-market Analysis Nifty Bank Nifty 13 April 2023Market Recap:
Nifty advanced 0.51% to close at 17812.40
Bank Nifty advanced 0.46% to close at 41557.95
India VIX advanced 2.48% to close at 12.27
