Grasim Cmp 1957 dated 23-11-2023 1. Pennant Pattern 2. Bearish Candle @ Resistance 3. RSI Divergence Sell below 1950 target 1940-1920-1900-1890-1875 SL 1985 It is just a view, please trade at your own risk.
ABSLAMC- C & H breakout pending for the target of 600.. Intermediate resistances/ initial targets are mentioned in the chart in the red colour. In my chart, always the green colour line will be the final target. Buy above 463 WCB (Weekly Closing Basis) for strong confirmation on breakout. Note: This is for educational purpose
Marico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
Namaste! Bitcoin is currently in a medium-term downtrend in weekly charts. Bitcoin has faked-out many bullish people in this daily candle. If 29240 level is broken here, then there will be a massive sell-off, according to my analysis. There is also a news supporting this, "CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor". I...
1. BPCL has formed Cup and Handle Pattern, it may breakout in near future. 2. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes.
1. Indusind bank can breakout from current range. 2. This maybe a breakout after around 3 years of consolidation. 3. This is a patient trade. It may require a full week or two to decide entry. 4. SL, Entry and Target will be decided afterwards. 5. My view is if it doesn't breakout (and give entry signals), It may come down to retest the "violet trendline". 6. The...
1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for...
Keep track of TCS as it may provide good positional trade opportunity. Points to consider: 1. TCS is still in an uptrend considering Higher Highs and Higher Lows structure. 2. Double Top (indicated with black line) looks matter of concern. It will be selected as target. 3. SL, Entry and Target will be posted afterwards. 4. Trade will be cancelled if met with...
Have Britannia added in your watchlist. It may provide (1:4 risk-reward) positional trade in the upcoming days. Entry price, SL and target will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational...
Cipla coming to RETEST its breakout zone. Good positional buy opportunity. Entry price, SL and target will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
Keep track of HDFC. It could provide good positional trade opportunity in future. HDFC tried to break the resistance 2 times (Downward Channel Pattern), now it is already weak. If it tries to break 3rd time, there could be huge momentum or real breakout. We can exit or hold near resistance, depending on various circumstances. Risky traders may hold, safe players...
Keep track of HDFC Bank, it is nearing its daily support. Good positional trade opportunity. Will let you know the entry price, SL and targets afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
M&M finance is nearing it's daily support. I am planning to go long in near future. The risk-reward looks very good (1:3). Entry price, SL and Target will be posted afterwards. The stock should be added in our watchlist. Disclaimer: You're sole responsible for your actions taken in the markets. I've shared my analysis for informational and educational purposes only.
GAIL was consolidating near its support line for 3-4 days. I am planning to go long if it moves above Rs 134.20 tomorrow. The risk reward looks attractive (1:3) Entry: 134.20 SL: 129.90 Target: 149 Important Points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best for us. 2. Look, whenever the...
Please read each point carefully: 1. Nifty 50 tested 14650 levels around 7 times 2. I am expecting bullishness above 14700 (It must sustain above 14700 for at least 10 minutes). Just look at 16th April candle, it didn't even sustained for 5 minutes. 3. I am expecting "huge bullishness" above 14760 (Because, it break the previous lower highs and recent highs) 4....
HDFC was in a continuous "channel pattern" on daily chart. I am expecting a breakout near Rs 2550 levels. SL will be low of previous daily candle (already marked in the chart), and I am expecting a target of Rs 2860 which translates into Risk Reward of 1 : 2.75 Disclaimer: Please do your own analysis before jumping into the trade. Till then, just be a spectator...
TATA Power has given breakout (near Rs 80 range) on a weekly time frame "couple of months before". This breakout took time of around 12 years. It has already RETESTED its weekly support. There are some fundamental news also floating around. * Electric Vehicle Boom Era and Green Energy: Its management is working hard to replace it's thermal power plants to the...
Gail tested its daily support today. I am planning to go long "only if it moves above Rs 134.75" tomorrow. The chart is "upward channel pattern". The risk reward looks attractive (1:3) Entry: Above Rs 134.75 SL: 130 Target 149.4 Important points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best...