waiting for breakout please like and comment if you agree or disagree .. let us have a fun social atmosphere
CANBK price action bounce from the support zone, one can add at the 355/360 for target 403/458 stop loss below 345
Go long at after range breakout for given target. Indicators look good. Also price is supported at 100 DEMA apart from the given support lines as well.
This is simple entry setup in BPCL, I have no further views on Nifty, its getting single sided... To do some analysis, Market needs to be dynamic & spread all over the zone Up , down n range.. But All we are seeing in Nifty is just a straight line to upside, so skipped post for the day. Enough of Nifty, lets get back to BPCL, the entry setup is just based on...
Welcome to Expiry Day ! Today in our Nifty analysis we took just single sided view, yes kind of biased scenario on Gap Up open & taking support at 9380's zone, then back to reach for 9430's. The Move above 9430 to 9450 can be expiry build up for a swift action down, Well I may be very wrong about this point. So what a Intraday player can do ? Wait for the Nifty...
This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the...
On 5th May TATAMOTORS broke previous support level of 430 with strong bearish candle. Next support level is @ 403. Will it break that level as well? Only time will tell. Opening hour on 8th May will be crucial.
i) Enter only on Bullish confirmation in the zone, else trade is invalidated, Not blind buy ii) Either Book Partial profits or trial stops after 245's zone iii) Its 4 hrs, so patience is the Game
It has been observed that M_MFIN bounce from trend line support and 200 Day Moving Average. one can enter at cmp for target 360/370 stop loss below 318.
I think , as assured I have fullfilled Bprime, BSwing & both Index ( Nifty & BankNifty ). Happy Trading :)
Why there is no mention about bulls even if there is 3 supports in Infy ...somewhere I feel IT sector is still weak. Anything can happen...
TATA MOTORS is at support level. Traders should take advantage if bounce occurs followed by white soldier.
Yep ! TCS results are coming out in 4 hrs I guess. Yesterday itself TCS board has approved for share buyback, if I'm not wrong its around Rs.2800 I believe. So, a share buyback will always increase EPS of a company, here also it can happen. But Results are coming out so there may be wildswings on any direction bcos we can never predict how Market views results....
Happy Guys & I don't know what to give as title, so gave a song title :) Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's...
Justdiall is At Support (As Shown In The Chart Indicated By The Rectangle Boxes),And it Has Formed Bullish Engulfer , Seems Good Buy At This Level For Short Term Target Of 615.
It is been observed that the price action is indicating a strong support at 600-630 levels, where good buying shall be seen. Therefore, now the price action shall reverse from the support zone to move forward to next resistance levels of 665-670. Target: 665 Stoploss: 600
PNBHOU has taken a support over 50 days Exponential Moving average and is now in a strong uptrend with higher volume.In terms of fundamentals it is investment stock. Stock is good for a return of 25-30 % in 10-20 days.... In terms of risk and reward it is best pick... target 1 :1050 target 2 : 1080 target 3 :1110 + SL : 1010
Simple Classical principal that previous Resistance once broken works as a support we can watch the area for a potential long trade in Banknifty. RSI reading in overbought Zone is endorsing the view.