Since Nov21 the stock was trading in the range. It broke out with good volumes in the end of June23. It made a huge wick on the upside which shall be concerning but it can be the profit booking. It has retested the breakout levels recently. Last week we saw good buying coming in with volumes. For further confirmation, we should keep a watch on it and wait for a...
NSE: BPCL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
Detailed View about this Breakout: No.of Resistance: 9 No.of Support: 10 Consolidation days : 825+ days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
After the breakout of the down trend line with volume support it tested the small resistance level (534-557) and closed above it. It's now consolidating in a tight range. A daily close above 598 levels with volume support would confirm the start on and uptrend and can test the upper resistance levels. Disclaimer: This is just an analysis. Trade on your own risk...
Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages. The stock closed below the weekly 20 ema and today test the level and closed almost flat. If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times. Entry :- Below...
Gujarat Pipavav (GPPL) Cmp 127 dated 6-10-2023 Weekly Chart ( Positional View) Investment Idea 1. Rounding Pattern BO above 127 2. 5 Years Consolidation BO 3. RSI Divergence Buy above 128 target 132-140-145-155-165-175-185-200 SL 110 It is just a view, please trade at your own risk.
Refer the chart for Entry,Target and SL. Buy scenario only above marked entry area NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your...
the stock has a strong resistance at 131 level which was first tested in 2017 moreover it can reach till 200 levels quickly
Refer the chart for Entry,Target and SL. Buy scenario only above marked entry area NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your...
BANKNIFTY Levels for today Current Trading Price : 44225 Resistance: 44260 Proposed upside targets if the resistance is broken: 44357, 44466, 44520 Support: 44215 Proposed downside targets if the support is broken: 44125, 44058, 43964 Please consider trades only if the 15m candle sustains at the given levels. SL (Stop loss) for each trade will be the previous...
NIFTY Levels for today Current Trading Price : 19731 Resistance: 19752 Proposed upside targets if the resistance is broken: 19783, 19834, 19883 Support: 19713 Proposed downside targets if the support is broken: 19671, 19636, 19595 Please consider trades only if the 15m candle sustains at the given levels. SL (Stop loss) for each trade will be the previous RED...
#Tatamotors cash -Positional view 16.10.2023 Breakout happend above 650 levels.. now retest of 650 will be good buying level.. 650 above break given on 02 oct Cmp 666
Tata steel gave a breakout from a promising channel pattern that has been in formation since over 2 years. Now the stock is taking support right at 50 DMA (Long tail candle), at .5 & .618 Fib levels and also at previous resistance zone which will now act as a support. Entries can be made in the same after a strong candle closes above 127 with strong volume. Short...
ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade...
**Bank Nifty Analysis for 17/10/23** **Support Levels** * 44,120 * 43,995 * 43,770 **Resistance Levels** * 44,532 * 44,713 **Buying Zone** * Above 44,376 **Selling Zone** * Below 44,120 **Analysis** Bank Nifty closed at 44,251.40 on 16/10/2023. The market did not break the support level of 44,120 on 16/10/2023, and bounced back from there. This suggests...