Dr reddy is giving buyers a second chance if it decides to breakout again on above average volume and could see the targets marked T1 and T2. T1 and T2 are based on recent breakout high and next area of value. Stop loss should be below the build up area of consolidation. Keep It Simple
The stock DRREDDY broke its long awaited resistance zone on July 11th with an above average volume. Right now it is retesting the previous resistance zone (Which, according to price action theory might work as support now.) and also the 50 and 100 day moving average is just below the current price which adds double confirmation. the 200 EMA is at near 4400, if it...
Canfin Homes Hourly chart shows TLBO + BO of Demand Zone + 200 ema support on daily candle. Good Risk Reward Good to buy at 572 with sl below demand zone i.e. 516 and target of 664,684
Good Morning! What a wonderful week it was. As we are now just few points away from reaching the level of 16700. Where as we have already stated earlier about the positive market sentiments, a weekly closing of above 16700 will boost the market conditions once again. Moreover, the best part in the past few days is the positive buying from FII. If Nifty...
laxmi organics looks quite bullish on intraday and swing basis. trend is up on 1h and good zone on 15min for execution. we can look for more then 4 rr with trailing stop loss.
WHIRLPOOL | Looks good momentum for 15% CMP : 1710 (Dip : 1670) SL : 1600 Target : 1960 1:3+ risk reward setup Fun fact : Earlier 2 times i shared this WHIRLPOOL chart in tradingview, both the times the setup failed and stoploss is hit.
WHIRLPOOL | Simple flag breakout - Looks promising for 10% CMP : 1690 SL : 1620 Target : 1860 1:3 risk reward setup
As we can see NIFTY is now heading towards important resistance after a successful one sided upmove, we it was more like a one sided upmove we can expect some retracement now and since the zone maked in the chart has previously acted as a strong support, can now act as a stronger resistance and get some rejection making a successful head and shoulders pattern in...
#Abfrl cash -Positional call 21.07.2022 Looks good above 270.10 And dips 260-262 Stoploss 240 Target 285/320/350 (Risk free above 285) Cmp 269
Market now down trend completed and trend line resistance level breakout now to going on sideways market and then strong level of support formed , buy above the Box resistance level breakout after entering the trade
MOL | Breakout from the consolidation CMP : 141 (Dip : 135) SL : 125 Target : 165 (Based on Fib) But usually this kind of breakouts are highly potential for trending moves.
In the daily chart we can observe the stock was in a major consolidation phase from past few months. Recently 3980-4050 price levels were tested multiple times. Considering the time gap between these retests, bulls are slowly gaining control. Adding to this, recently we can observe a channel breakout near the major supply zone which suggest clear upper hand of...
Unites spirits looking good on charts after so many sessions able to break horizontal resistance trendline it is looking to be more bullish from here do not want to add indicators and all to complicate the simple price action so i will go for a swing trade if it will close above the resistance trendline
NSE:MRF THIS IS SHORT TERM TRADE The stock is at resistances and also given given a signal of reversals . The first target is 77600. This is for educational purpose
Good Morning! Just as we have been stating about the positive market sentiments, similarly Nifty did show a good uprise in its levels yesterday, as it successfully made a high of 16588. Moreover, as we have already stated that it is very important for Nifty to sustain above the level of 16300, for 2 more days. So, we will have to be a little cautious for today...
As we analysed that BANKNIFTY might face resistance around 36000 level and though it went above 36000 in the first half but closed below 36000 which shows it is acting as a good supply zone and respected the trendline too hence for now BANKNIFTY can become sideways for bearish if sustains below 36000 else if manages to sustain above 36000 then we can see a...
Banknifty standing in betwwen strong resistance 0f 36086. if banknifty crosses over 36086 then it may reach to the level of 36292. between 36292 to 36482 is also an extremely strong resistance zone. If Bank Nifty crosses over 36482 then it may also cross 36663 and may reach to the level of 36854. if banknifty crosses dow below 35934 then it may take support...
Nifty is standing below strong resistance of 16543. Nifty is standing below strong resistance of 16543. between 16612 to 16668 is an Extremely strong resistance. if nifty crosses over 16668 then it may also cross 16722 and may reach to the level of 16780. . if nifty moves down below 16482 then it may take support on 16423, 16423 is a strong support. if nifty...