Support and Resistance
PFC_Trend loosing its strengthTrend start to loose its strength.
You can trade if breaks the trend line.
#Nifty 11570 11550 is crucial support for niftyNSE:NIFTY
if nifty break this support on closing bases this 200 300 point fall can be seen
BalkrishnaIt's a short below 958 on 30mins clbs for T1 955, T2 950, Sl 962.
S&R lines are clearly drawn in the chart
Tata SteelLooking at S&R
Go long above 546 for T1 551 and T1 554, Sl 541 clbs
Go short below 541 clbs for T1 538 and T2 535, Sl 543
wedge with multiple times tested support & resistanceThe stock has been rallying inside the wedge for a long time with multiple testing of both the support and resistance,
Look for trade opportunities
Wedge with strong support and resistance linesSupport and resistance has been tested several times good for swing trades
#BPCL CASH : LOOKS GOOD ABOVE 361.10#BPCL CASH
09 APRIL 2019
LOOKS GOOD ABOVE 361.10
STOPLOSS 356
TGT 365-366/372-374
(STRONG RESISTANCE 375)
CMP 356
IBULHSGFIN : Terminal PointIBULHSGFIN reached its terminal point & being resisted by previour major sell off zone, it should turn back towards mean(Yellow Line) or Lower TL.
Trades can be taken either side Eg. Long from Lower TL( Green Line ) Short for Upper One.
A Good read for all : why-teamwork?
if you have any queries regarding above idea or any other stock feel free to D'M
Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs.
Here are some of them:-
Regular Study Conferences
Collective Fundamental Research
Access to Tools from Trader's Toolkit
& many more.
For More information : Click Here!
Note : Trading in any financial market is very risky. We post ideas for educational purpose only.
It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Jindal Steel_Three Drives Pattern_BearishJindal Steel may fall from the current level, immediate resistance and support levels are 167 & 162 respectively.
NiftyA probable wave count (I can be wrong). Almost 80 percent retracement is done. 3rd impulsive is running. So it is possible that the resistance of the previous high will be reached. Momentum is very bullish. OI Table: If price remains above 11500, 11600 can be attempted.
HINDPETROHINDPETRO is looking good but the 290-300 level is big obstacle for this stock by comparing previous months so it can make a good move on above 300. still need to wait few days to get confirmation.people can buy this stock who can average if it goes down. but overall trend positive.......share your view as a comment please.....
BPCLThis is for Study and Educational Purpose and for my individual learning.
BPCL was in down trend.
The trend has now chaged
Its been moving up for quite sometime and broken the downward trendlines.
SUN PHARMA CAN SEE SELLING AT RS. 480 - RS. 500 LEVELSSUN PHARMA BULLISH ONLY AFTER BREAKING THROUGH RESISTANCE LEVELS OF RS. 480 - RS.500
RIGHT NOW MAY CONSOLIDATE FOR SOMETIME
BREAKOUT ABOVE RS. 500 CAN SEE BELOW LEVELS
TARGET 1 - RS. 536
TARGET 2 - RS. 556 - RS. 564
(CAN SEE STRONG UP MOVE FROM HERE)
SUPPORT RS. 410
STRONG SUPPORT - RS. 390
AXISBANK - Will the LongTerm trendline survive this correction?Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels.
A consecutive weekly closing below the green line may trigger a huge correction which is not very far off.
Will the stock respect the trend this time? Only time will tell...until then lets wait and see
ICICIPRULI at a crucial resistance levelNSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
ICICI - POTENTIAL REVERSAL IN MAKING
ICICI BANK IS LIKELY COMPLETED DISTRIBUTION PHASE AND PROBABILITY FOR DOWNWARD BREAKOUT IS VERY HIGH
DIVERGENCE CAN BE SEEN IN WEEKLY AND DAILY TIMEFRAME
YESBANK - UPTREND PROBABILITY HIGHTARGET 1 - RS. 286
TARGET 2 - RS. 320
SUPPORT 1 - RS. 221
STRONG SUPPORT ZONE - RS. 208 - RS. 212 (IF THIS SUPPORT IS BROKEN THEN SENTIMENT CHANGE CAN BE SEEN AND RS. 170 LEVELS IS POSSIBLE)
