Jubilant Foodworks Ltd Buy above 548 rupees
near time target 575 rupees
stop loss 528 rupees
NSE:JUBLFOOD
Supportandresitance
More Fall Ahead for ADANIGREEN?ADANIGREEN has fallen more than 40% from its peak. 200 Daily EMA has acted as support for the last few sessions, and it has broken this level recently. In today's session, it has tried to cross the 200 EMA level but failed to do so. If it closes below 1700 levels, seems there is more room to fall up to 1450 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
Glenmark looks to go upGlenmark looks like taken perfect support at the downtrend channel line. Can be taken long for targets of 409, 429 and 439
Studing Consolidation Phase This is hourly timeframe.
This is how I analyze the consolidation only technically.
From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level.
Let's pointout the short trend and understand each.
1] Nifty started consolidating 6th May 2022.
It started falling, gone sideways for sometime and gave bounce back.
2] And it tested the 16400 zone. As it was a straight one side move, it was obvious it will give a retracement.
3] But it was again a one side move, this time downward, and tested the recent bottom.
Here, we witnessed a sharp upmove from bottom to top and again to bottom.
4] Again from 20th May, a sharp upmove towards resistance.
5] Tested and fallback this week.
6] Bounce backed again and now near resistance zone.
In all of these short term trends, we can see thick bullish and bearish candles in phase 1 and 5.
Though bulls failed in these phase.
Almost each phase has 1) bullish and bearish belt hold
2) bullish and bearish marubozu
Except phase 2,6 no bearish candlestick of this type.
These opposite candlestick patterns occurance multiple times tells us that market is now choppy, highly volatile.
Outcome of analysis:
In current market situation, bulls and bear are almost equally powerful.
Choopy moves indicates the aggression and dominating will.
This how I analyze a consolidation.
Breaks it down in trend zones and study each, and keep in back of the mind each one's outcome,
and try to anticipate, every possibility. And how much is the chance of taking it place by looking at
bull and bears behaviour.
Note : This is my own analysis and is for information purpose only.
Nifty intraday movmentif price sustain above 16230 look for buy side up to 16485
if any 15min candle successfully closes below the level 16230 then look for sell side
once price touches 16485 wait a little and watch.. is price sustaining above this level if not you can look for small correction from 16485
swing trade idea for | IRB INFRAhaving support of level 200
swing idea for target of 252
once it sustain above 252 then more up
Will DEEPAK NITRITE BreakOut or BreakDown ?DEEPAK NITRITE has been trading in Descending channel for the last few months. However, it is forming a Flag and Pole pattern as per weekly/Monthly charts. The stock has been trading near the channel highs and resistance levels, if it breaks out from these levels, it's likely to reach 3000 levels again.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
IIFL will reach All-time high levels?IIFL recently broke out from the W pattern(Tripple Top) and retested the same levels within a few days. It bounced back from the previous resistance levels and looks like it's gonna reach the all-time high level which is around 440.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
Mindtree near the support zone Mindtree near the support zone
A hammer at the support zone, could bounce high from here. IT is showing weakness to be careful and trade with strict stop loss
Anything candle close below the support zone can be a trigger to get out!
#Bajajelectrical cash : Looks good above 1150.10#Bajajelectricals cash -Positional call
11 April 2022
Looks good above 1150.10
and dips 1120-1130
stoploss 1100
Target 1240/1340/1500
Cmp 1141.30
Nifty Monthly AnaysisFrom the last 5 months nifty was trading with a bearish biased view, however things are looking a bit changed this month since we saw a good bullish momentum in the last 2 weeks of March. As of now April is up for Moderately Bullish view, Support & Resistance levels are plotted on chart.
