Pre-Market Analysis Report for 21/03/2023Market Recap:
Nifty declined 0.65% to close at 16988.40
Bank Nifty declined 0.60% to close at 39361.95
India VIX advanced 8.40% to close at 16.01
Stocktrading
Wedge pattern reversal in BPCLBPCL
Key highlights: 💡
✅On 1M Time Frame Stock Showing Reversal of wedge Pattern .
✅ It can give movement upto the Reversal target of above 484+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 770+
#exide india looking good 17-03INTRADAY CALLS
🔹🔹🔹🔹🔹🔹🔹
BUY EXIDEIND 177.5CE AT 3.40
SL 3.20
TRG TRAIL 👍
it looks good for multi support technique
#HDFC Looking good for today 15 mar 23#hdfc... ✅▶️
⛳️⛳️⛳️⛳️⛳️⛳️⛳️⛳️⛳️
Intraday as well as swing trade
🔷All levels given in charts ...
we provide stock as well as option level over their
🔷 IF good potential seen then we work in options also
🔷 if activate then possible a huge movement Keep eye on this ...
🔷We take trade only when it activates...
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
Possible to give good target
👍👍👍👍👍👍👍👍👍
TRADING FACTS
Double bottom pattern reversal in METROPOLISMETROPOLIS
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of double Bottom Pattern .
✅ It can give movement upto the Reversal target of above 1370+.
✅Can Go Long in this stock by placing a stop loss below 1190+.
A positional Long in BioconNSE:BIOCON
Hello everyone!
I noticed a trade in Biocon
Biocon is taking support at a long term trendline with a divergence in RSI
and stock is already corrected as well so I will prefer to buy in Biocon as a 1-year investment perspective.
My target will be 300 rs in biocon.
Let's see what happened.
Hope for the best!!
for more connections
follows us at insta handle @dhanrajmoney
Falling wedge pattern breakout in TITANTITAN
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2545+.
✅Can Go Long in this stock by placing a stop loss below 2330-.
✅breakout this can give risk:reward upto 1:3+.
Double top pattern reversal in ABBABB
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of double top Pattern .
✅ It can give movement upto the Reversal target of below 2655-.
✅Can Go Long in this stock by placing a stop loss above 3460+.
PVR: HEAD AND SHOULDERAfter breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in the region of 1420.
As per the conventional chart pattern stock is also forming a Head and shoulder pattern whose neckline is in the region of 1620-1590. A breakout below the neckline should add more credence to the pattern. The measured target for the pattern is coming in the region of 1200.
Stock is also trading below its 200 EMA and currently facing a resistance on the upper boundary of the parallel channel drawn from the Aug'22 high of 2214 and connecting the Dec'22 high of 1925.
Trading strategy:
Sell 1655-1660 keeping SL of 1770 look for the downside targets of :
Tgt1: 1440-1420
Tgt2: 1350
Tgt3: 1245
Ascending broadening wedge Pattern in BERGEPAINTBERGEPAINT
Key highlights: 💡
✅On 30Min Time Frame Stock Showing Reversal of Ascending broadening wedge Pattern .
✅ It can give movement upto the Reversal target of above 593+..
✅Can Go Long in this stock by placing a stop loss below 580-.
ITD Cementation to take for long entryITD cementation stock respecting the TL resistance. If this stock is able to BO the TL then a good move can be expected in the stock. Long after the BO for the first target of 125 then 145. Keep trail SL once touched the fist target. Keep the stock in your watch list. This is for your educational purpose only.
Wedge pattern reversal in DABURDABUR
Key highlights: 💡
✅On 1Hr Time Frame Stock Showing Reversal of wedge Pattern .
✅ It can give movement upto the Reversal target of above 540+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 558+ .
AARTIIND READY FOR BIG MOVEBroke Trendline with long bullish candle
Trading in same candle since Feb first week
taking support of dynamic trendline
Consolidation after fall and probability of upside after consolidation
Falling wedge pattern breakout in SBICARDSBICARD
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of Above 1030+.
RAIN INDUSTRIES AT SUPPORT & POLE FLAGTook support at support zone with long bullish candle with volumes
making pole flag on smaller TF
Long term retraced from .6 fib levels which is health reversal
SUNPHARMA FORMS CUP AND HANDLEIn daily TF trendline broken
at retest zone of breakout
Cup and Handle in 15min
Falling wedge pattern breakout in TORNTPHARMTORNTPHARM
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1630+.
✅Can Go Long in this stock by placing a stop loss below 1475-.
✅breakout this can give risk:reward upto 1:4+.
Powergrid : PSU and Power sector tail windPOWERGRID CMP 227.15
May go up to 250+, below 210 is invalid
Breaking from Triangle pattern
expecting Good R:R
Disclaimer - All information on this page is for
educationaland learning purpose only. We are not SEBI registered financial advisor.
Please think twice before investing your money and do proper research before investing in Share
market.
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Bullish flag pattern breakout in SIEMENSSIEMENS
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Bullish flag pattern Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3635+.
✅Can Go Long in this stock by placing a stop loss below 3180-.
✅breakout this can give risk:reward upto 1:6+.
Long Nifty bank for swing tradeLong Nifty bank above the BO of marked TL above 40350 for the next target of 41260-42000 with SL 39800. All important levels have been marked on the charts. Good risk to reward trade. RSI is also forming positive divergences. W pattern is also seen on the charts. This is for your educational purpose only.
Falling wedge pattern breakout in INTELLECTINTELLECT
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of Above 674+.
Falling wedge pattern reversal in TORNTPHARMTORNTPHARM
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 1505+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 1630+ .
Falling wedge pattern breakout in CUMMINSINDCUMMINSIND
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1665+.
✅Can Go Long in this stock by placing a stop loss below 1560-.
✅breakout this can give risk:reward upto 1:4+.
