Follow on twitter @piyushrawtani for live trading ideas .
A classical text book dow theory happening in nifty . A parabolic advance in past ten years. Now looks like entering in a distribution phase .
Has broken a weekly trendling and next stop expected to touch 10k .
Pretty interesting to watch this at this level.
The Inversion analysis suggests to go long at 221 with a strict SL placed at 213 for targets towards 226/228/230.
Watch this space for more such ideas !!!
After rally, stock is entering price correction phase.
If one is already long, better to exit at this phase and new shorts can be taken as long as price is not breached 2270.
I am going short at 2230 with SL at 2270 for the targets of 2200/2170.
Keep watch this space for more such ideas !!!
HDFC Bank has the highest weightage in Nifty 50 & Bank Nifty Indices. It is at its strong support on weekly time frame. For confirmation one should wait for a bullish candlestick pattern at the support zone. If this stock becomes bullish, it will make both the indices bullish.
ONGC is in a small correction phase on the 15min chart. The stock has created a clear bear flag formation which can break to the downside. Shorts can be initiated after the levels of 133.75 have been broken.
Target 1 - 132.75
Target 2 - 130.80
Target 3 - 127.95
This content is for information and educational purposes only and should not be...
UPL Long @ Rs. 573.15
Entry 573.15 or CMP
stock is trading in demand zone which was respected in current index downfall , looks safe at this price level,
can be hold for the short period of 2 weeks.
Reliance Industries Long @ Rs. 1184.2
RIL Broken the demand zone in the recent selling pressure but respected the immediate below level, Now it can be buy at 1184.2 for the Target of 1259.75 Rs 1260 is Strong Resistance observed in CallPut data.