Don't be overexcited this may be trap candle because market still bearish. Wait for next horizontal support. Don't make any new position for long.
Please see price action at support and resistance levels. If there is rejection at support(Hammer) and resistance(Shooting Star) on 5 min candle then take call above the high of hammer and put below the low of a shooting star. Keep stop loss at opposite end of signal bar.(Hammer/shooting star). Inside candle may form in place of shooting star or hammer. Then take...
Nifty spot 13.06.2022 Important support at 15730-15750 Hope it holds or we will c lower levels expecting it to hold as S&P (US index) also has support at 3800 We should not close around 15750.. need higher closing today Cmp 15796
Wait for ressistance breaks Currently no trading zone Stock already taking support on trendline and horizontal support You can buy here but keep stoploss of 172
Flag pattern in weekly time frame which means after ressistance breaks it goes upward directly like previous history. In daily time frame market shows uncertainty which if it breaks support it shows downward. Macd also show downward signal. Wait for ressistance or support break.
Trade based: Weekly retracement going on. Day tf: market respect the weekly support and also now, it was trading between day support and day resistance.
took support exactly from 650- levels target 1st--- mid of parallel channel 705-710 target2nd-- upper resistance level 750-760 I have uploaded this chart already on 23 may.
Hello everyone ! Lets analyze a swing trade - NSE:MARICO On Daily Timeframe we can see that the price of this stock is in an uptrend and is moving in a parallel channel since January 2022. CMP of this stock is 496 and we can plan a long position on this trade. Currently the price is at an important SUPPORT level and is ready to approach to its major...
it can show uptrend if it break 687 level. And we need next red candle confirmation to show down trend or it can consolidate in his descending triangle pattern.
It's possible to take the reversal from this point (support). Buy between 2660-2700 Target - 2900, 3100++ SL - Below 2600 (Closing Point) It is good to buy June Future and wait to get a nice profit. Today movement of Jul Future - 2660-2710
Glenmark looks like taken perfect support at the downtrend channel line. Can be taken long for targets of 409, 429 and 439
Hello Traders, I am Talking about Bajaj Consumer Limited, a strong support and resistance zone is visible in it in the daily time frame. The market had stopped at resistance with a strong sell-off, then came back to the resistance, that zone is not able to break, then the market is visible on the side zone. Now the market has made a strong hold on the level of ...
Macd reversal Stock already on support and it may break or reverse If it break current support then watch for next support line.
Hello Traders, Talking about the share of Blue Dart, an ascending triangle is seen in it. So if we talk about the market, then 7497 was its first high. After touching the highs, there is a continuous decline in the market. After the fall, its support level was 5441 . After touching that level, the market seems to be going up continuously. When the market...
Trend line break. 2207.40 is a major support line because it takes many time support and resistance in this level. It may also break this level and touch the next level.
NSE:BANKNIFTY BANKNIFTY is signalling a negative start by -200 -- -300 points Bank nifty and nifty analysis important levels are marked on the chart. please always trade with stop loss to avoid big drawdown. Happy trading & keep learning NSE:NIFTY NIFTY is showing a negative start by -100 points all major support and resistance is marked on this...
Divis lab is testing weekly support again. If broken then can fall till gap level as mentioned in chart. Gap can act as a support or it can get filled if weakness continues. Second scenario can be potential buying at weekly support for upward reversal move. Keep on radar for both possibilities. Pattern and levels mentioned in chart. Follow strict risk management.
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.