old idea post below for reference
HCL Tech is corrected from its all time highs and now touching the trend line in daily timeframe. Go long for a short term target of 1000.
NIFTY Broke it's all previous support , Let's see it comes to it's next Support or not
Chart of the Week for this week is Siemens India. The stock had hit its resistance at Rs.1720 and is now heading towards the support of Rs.1565; if Rs.1565 is broken down then shorts can be added with a target of Rs.1460; otherwise one can add at the immediate support level or buy after the resistance of Rs.1720 is broken for bullish side trade.
#2hr trendline in #M_MFIN forming a support for this scrip; can trade long or short based on whether it bounces from support or breaks down respectively.
Price making channel pattern all along the chart as shown. One can expect the price to take support from the current level to reach the channel top once again ( stop loss levels given). If price breaks this small channel pattern and reached the support of the bigger channel pattern then one can enter the market long as it is also act as weekly support level...
JSW STEEL TAKING SUPPORT @370. IF IT SUSTAIN ABOVE 370, THEN CAN SHOW SOME UP MOVE. SEE OPORTUNITY FOR BUYING ABOVE 370 LEVEL
Price forming a disjoint channel pattern and trading near the strong support level. Risk takers can enter the market long with tight stop loss below the support level with buffer. If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very much 🙏 appreciated! You can comment any of the script, I will...
Price is at an important zone a daily close above 209.20 can take the stock to levels marked on the chart. VIEWS FOR LEARNING PURPOSE ONLY
BHARTIARTL @ Multi year support in monthly chart. We have only 4-5 days left for this month closing candle. Weekly time frame = RSI oversold
BANKNIFTY is at hovering near previous lows of 31500-31550 range on the 60m chart. This is a good place to take support and for the bulls to take charge. If this is broken, seems like more downside is possible.
Long term buying stock, the trend is now up. 50% fib level and support retest point
M&M | Flag accumulation is maturing, breakout may give us 30% It has strong support zone for the last 16 weeks - almost 4 months. CMP : 631 (Can buy upto 600) or buy above 660 SL : 560 Target : 810 1:7 risk reward from the dip (600 level)
TORNTPHARMA is taking support at 200DMA and reversed today with decent volume. Looks like a good place for long entry with stop below yesterday's (18 Jan) low.
Both Short & Long Opportunities
Euro broke the channel. a correction is expected to (1.212) then retest back in channel.