Daily time frame-breakout candle volume is good as compare to previous candles. Retest also done on trend line with good enough volumes. Weekly time frame chart also looks good. NOTE: I do my analysis, do yours before trade.
After giving a multiyear breakout from the 551 price level, BPCL again comes close to this price and had also taken support at it.
After the IPO IREDA performed very well and after giving the breakout at 120 level now it had taken support at the same level and also given the breakout form its narrow consolidation or buildup range. Stop loss below 121 since it can come back to 40 RSI (which is my assumption)
In the Weekly Chart of METROPOLIS , we can see that, after 4 weeks of slow selling, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of ASAHIINDIA , we can see that; it has shown an up move from the Trendline. Possible momentums are shown in chart.
In the Weekly Chart of JUBLFOOD , we can see that; it is at very crucial point and support. We might see a W shape recovery as shown in chart.
In the Weekly Chart of ZEEL , we can see that, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of GMMPFAUDLR , we can see that, after strong selling, it has created a Pinbar. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of GNFC , we can see that, it has created 2 pinbars in same range. Enter on breaking of inside Pinbar high with Low as SL. If it shows a Up move, it might form Right shoulder in coming time.
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Also, Pinbar is created. Enter on breaking of Pinbar high with Low as SL.
See the strength in trend indicator..is it saying that stock can blast anytime... or something else...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty on daily front formed a doji an indecisive candle.21900 undier still bearish, somehow it tried to find support at low of 21700 area today but in any case one more test to it could break that level 21500 can be easily acheivable on lowerside. On higher Higer only above 22000 bulls can be trusted. 21825 Below Short targets of 21765,21715,21700,21650 21950...
As we can see NIFTY slowly but surely moving strong from our demand zone thought not of movement can be witnessed in chart but the strength is quite evident in bigger time frame. Now we may see NIFTY take another dip towards our demand zones before finally breaking out strong as we can see signs of indecisions so plan your trades accordingly.
Sapphire foods has been consolidating in a beautiful ascending triangle pattern. Currently, stock is near suppl zone, hence only risky investors should be interested If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock. Keep in watchlist!
no big hand has invested into this. though downside is limited but upside is also very limited. avoid strictly Avoid - timewaste any moved beyond blue line may try to touch red line. both up and down.