Asianpaints : Horizontal resistance breakout
Buy above 2987
Targets: 3023/3041
SL: 2970
Disclaimer: Im not SEBI registered, Contact financial advisor before any investment.
Nifty Prediction for Monday:
Nifty is at Strong supply zone 18320 - 18340 level. As per global cues it indicates Nifty likely to Open Flat/Gap down, if opens below Friday close 18300 supply zone is where we can look for SELL entry for lower Targets.
BULLISH only above 18350 above for 18500 Target
Buyers and Sellers Zones - When price breaks the zone, Buyers...
: INFY, CMP @ 1509 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST.
Am neutral because, this is ascending triangle pattern with higher Lows but today the Price action has not respected 50/200EMA. This is for Educational purpose.
in my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis.
But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a...
Smart money which can move prices at will are seen using this panic shakeout tactic to get rid of weak hands.
There are many stocks which are showing this pattern.
Following are few points that I have observed in this strategy are:
1. Stock price is near all time high level.
2. There is result or news coming at the same time.
3. Dramatic drop of price is seen...
Bank Nifty Prediction Tomorrow:
BEARISH view with Negative Sentiment
Bank Nifty is consolidating with high selling pressure, as per Global cues most likely expected to Open Gap down / Flat.
There is Strong resistance zone at 43539 / /43470 levels is where we can anticipate our SELL entry for Lower side Targets.
BULLISH only if sustains above 43780, BUY only...
Nifty Prediction Tomorrow:
BEARISH view with Negative Sentiment
Nifty is falling under high selling pressure, as per Global cues most likely to Open Gap down / Flat.
There is Strong resistance zone at 18319 level is where we can anticipate our SELL entry or PDL is where we can take SELL Entry for Lower side Targets.
BULLISH only if sustains above 18350, BUY...
Paytm Cmp 699 dated 11-5-2023
1. Bearish Engulfing Candle @ resistance.
2. RSI negative divergence
Sell below 694 for target 670-655-640-610 SL 740
It is just a view, please trade at your own risk.
Dear All,
Just as we had already stated yesterday about being cautious. Similarly, we did witness a supply pressure in the Market yesterday itself.
However, on a positive note we had still witnessed a closing of above 18200.
Since today is the last trading day of this week, let’s keep our fingers crossed for a positive and a stable weekly...
Bank Nifty cmp 43475 dated 11-5-2023
R1 - 43605
R2 - 43770
R3 - 44000
S1 - 43368
S2 - 43200
S3 - 43075
It is just a view, please trade at your own risk.
