Support and Resistance
HIND PETROHind Petro has formed cup and handle formation.
Please note every cup and handle formation may not be bullish.
Stock has huge resistance at 340 levels.
OI analysis suggests the same as well.
In stock manages to close over 340 levels with good volume a buy can be initiated.
Or else stock is a sell at 340 levels as well.
Same pattern is devloping in IOC as well, but IOC looks a more convincing buy.
INFOSYS Infosys after that dramatic fall is still reeling under pressure.
On hourly time frame it has formed triangle which depicts uncertainty.
Body of candles formed is very small which indicates no buying interest.
Need to wait till the trade comes to us.
For this expiry 650 would be the key resistance to watch out for.
Om the put side highest OI is at 600
Om the call side highest OI is at 600
MUTHOOTFIN-BUYMuthoothfin-Buy
Current Market Price: Rs.645.40
Stop Loss: Rs.633.80
Target: Rs.683.75
Risk Reward:1:3.25
On daily chart there is strong support and weak pullback
This Chart & write up is for education Purpose only.
CASTROLIND-BUYCASTROLIND-BUY
Current Market Price: Rs.132.00
Stop Loss: Rs.128.80
Target: Rs.144.40.
Risk Reward: 1:3.875
On daily chart there is strong support and pullbacks are weak.
MaxIndia old support now Resistance @in_tradingviewNSE:MAXINDIA
old support is now Resistance
stand positive in negative market but with less vol.
may fall from 65 66
if close above 65 then we may see 72+
or
one can short near 65 for 60
Breakount in ICICI PrudentialI have marked 2 trend lines on daily chart.
It didn't break below the bottom one trend line, but it broke the level of upper on trend line with good volume that gives the breakout in the ICICI Prudential
I have marked multiple support & resistance levels on the charts those could be the possible target and stop loss levels.
Breakout in ColgateThere is breakout above 1240 level with good volume.
It also crossed the 200 days moving average, which was strong resistance, now it is a strong support
It is trading above 50 moving average as well.
Marked all resistance & support levels on the chart.
There is more than 30% delivered quantity on NSE in last 1 week.
Breakdown in Kotak bankIt has already broke the 50 & 100 MA, if it further breaks the bottom trendline then it would fall to 1368 possibly
Horizonal support lines are mentioned on the chart
BajajFinance - will go up if it break upIf it break the trendline above then it would reach 3500 levels
Breakout in RECT LTDThere is breakout in RECT Ltd on daily chart.
Next targets could be 155,167.
Trading above 50 & 200 EMA.
Breakount on weekly chart in Bajaj AutoThere is breakout on weekly chart of Bajaj Auto.
Also it just cross 50 & 200 EMA at the same time, both of them are strong support.
Support & Resistance marked on the chart
Breakout in BEL on daily chartThere is Breakout in BEL on daily chart.
Crossed above 50 & 200 EMA
Next target 114-117
Breakout & last kiss in BATA IndiaBreakout in BATA India on daily time frame. There was breakout and then last kiss and moved up.
Next Targets could be 1553, 1579, 1606, 1644
Before achieving these targets it might retrace to previous supports (marked on the chart), then there would good buying opportunities.
Breakout and last kiss in Britannia on daily time frameBreakout and last kiss in Britannia on daily time frame and it just crossed 50 days moving average
It can move further till next resistance
Breakout in ITDC on weekly time frameThere is Breakout in ITDC on weekly time frame.
Resistance are marked on the chart those could be the possible targets
Breakout in PIINDThere is breakout in PIIND
There might be some retracement at this all time high level.
Once it crosses its all time high, it can go further up and achieve the target as per show on the chart by Fibonacci tool
Possible breakout if moves above 2842 in Heromoto CorpOn weekly chart if it crosses above 2842 which is high of previous swing then there would be breakout.
Also it is at 50 days EMA on weekly chart.
Breakout in Century TextileBreakout in Century Textile on daily time frame
Resistance mentioned on the chart which would be the next target
Hindalco - possible breakout if crosses above trendlineHindalco - possible breakout if crosses above trendline.
Resistance mentioned in the chart which are previous swing high
