TATA Chemicals has been showing signs of a potential trend reversal in recent days, as the stock price has been trading within a tight range and forming a bullish pattern. The market trend analysis suggests that the stock has been consolidating after a prolonged downtrend, indicating a possible shift in sentiment. The price action of TATA Chemicals has also been...
Key Points:
- Bullish cup and handle patter with potential of 23% rise from current price
- Resistance breakout @ 474
- RSI near to cross 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average
- Super trend is possitive
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before...
ECLERX has a good support zone and bounced from same zone four times .Big volume spikes signifies accumulation .For initial Entry watch pullback and reaction around 200 DMA and then trail with Supertrend.
Bandhan bank gives a bullish signal today due to following reasons.
1. crossed and closed above @ 289.45 which is a resistance for last 2 months
2. on daily basis, closing price touched upper line of bollinger band, which is usually a bullish sign.
3. Supertrend likely to change its trend.
4. keeping a stoploss as a support.
If INFY crosses below 1518 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
If BANKNIFTY crosses below 35174 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
If NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
Converging EMAs along with price closing above 200 EMA on a Daily time frame. Supertrend, Hilega Milega, and Relative strength all are positive. Accumulation can also be seen in the volumes along with high delivery. This could be a good reversal trade.
Buy Above Resistance Breakout
TimeFrame(for Entry & Exit & SuperTrend) :- 1 Hour TF
SuperTrend Settings ( Length 10, Factor 3 )
Initial Stop-Loss Below SuperTrend & Trail Stop-Loss with SuperTrend
Exit When Hourly Candle Close Below Super Trend
Use Very Less Capital So that Even If Stop loss Hit your Emotions Doesn't hit you
Date :- 23-01-2022
GOLDPETAL JAN 2022 For intraday he price is expected to rise today as both the super trend and Eponential Moving Avg both indicats a postive trend
One can trade at CMP 4818 may be used as a buying opportunity for a upside target of 4828/48032 with a Stoploss 4795
Buy Above TrendLine ( Already Breakout Happen )
TimeFrame(for Entry & Exit & SuperTrend) :- Hourly
SuperTrend Settings ( Length 10, Factor 3 )
Intial Stop-Loss Below SuperTrend & Trail Stop-Loss with SuperTrend
Exit When Hourly Candle Close Below Super Trend
Use Very Less Capital So that Even If Stop loss Hit your Emotions Doesn't hit you
Date :- 16-01-2022
Buy Above TrendLine ( Above 700 )
Chart Timeframe :- Hourly
SuperTrend Timeframe :- Hourly
SuperTrend Settings ( Length 10, Factor 3 )
Intial Stop-Loss Below SuperTrend & Trail Stop-Loss with SuperTrend
Exit When Hourly Candle Close Below Super Trend
Use Very Less Capital So that Even If Stop loss Hit your Emotions Doesn't hit you
Date :- 12-01-2022
BUY Indian Bank @ 150.30.
Target 154.30
Total Profit points 4
Stop Loss: 147
If you invested 100000 in indian bank with 600 quantity,
600*4=2400
So, 2400 is Profit.
Strong Bounce back from Supertrend levels.
Best time to accumulate this Portfolio stock.
Target : 325,375
SL : Below 245 WCB
Only for educational purpose.
GOOD FOR 14% RETURN.
FRESH BUY CAN BE MADE WEAKNESS BELOW 130.
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
