NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
Sentiment: Bullish
From these levels the stock can show the targets of 3327
Analysis:
1. Bollinger Bands are squeezed and the breakout of the upper band.
2. Rsi is above 60.
3. Macd is bullish crossover.
First target 260 and second target 280.
3 Parameter Strategy
1. Bollinger bands are squeezed and breakout of upper band
2. RSI is above 60
3. Macd is a bullish crossover
Trade Setup
Enter near the close of the signal candle.
First Target 260
Second Target 280
For nifty 50 =
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have...
Astral Daily Analysis
CMP 1793
Buy for Traget - 1900-2000-2100-2200-2300-2500+
can buy Aug fut of 1900 CE Trading @ 39
Holding period till August end - cash buyers can hold 2-3 months
SL for fut-CE is Candle should close below 1700 in Spot
Trade Setup
Enter the trade at the opening.
Stoploss at the low of the signal candle for aggressive traders.
Stoploss below the 20ema for positional traders.
Trailing stoploss after a 5% move.
Analysis Notes
Bollinger Band is squeezed and the breakout of the upper band.
Rsi is above 60.
Macd bullish crossover
For educational purpose only.
Analysis Notes
The signal candle gives the breakout of a Resistance and the Upper band of Bollinger band.
The stock gives the breakout of the range of 39 days.
Bollinger band has squeezed and the signal candle gives the breakout of the upper band.
RSI>60
Macd - Bullish Crossover
Buy 18700 for 2.75
Sell 18200 for 30
For a combined premium of 20-27 Rupees
this is a monthly call with 18200 being a big resistance
Any chance of profit booking will give decent return, also with trading days being less due to holidays, decay will be faster
As you can see the BANKNIFTY price is try to make inverse head and shoulder pattern and if it's breakdown upwards so if the resistance is broken you can go long on BANKNIFTY
As per my strategy, we have 2 scenarios for bank Nifty for the 4th of august 22.
1st: The market will open with a gap-up of 100 to 180 points with price range of 38137 to 38196. If this happens, we can wait and watch for the 1st 5 mins candles, if we get the bearish candle. It means the profit booking of the market is being initiated so it will be a clear sign...
