BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level.
2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss.
3. Consolidation may occur in...
Mahindra and Mahindra Limited is an India-based company that is primarily engaged in the mobility products and farm solutions. The Company’s segments include Automotive and Farm Equipment. On weekly time frame , the Chart is making a Broadening Triangle Pattern . A Broadening Triangle Pattern can be characterized as a bullish reversal pattern. This pattern is...
MPhasis trading near it's hourly support zone @ 2030 - 2000 and expected to show a bounce towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bitcoin is at support level. The risk is less if we enter on the support line with a stop loss.
The Risk to reward ratio is good.
There is a possibility of death cross which makes the stop loss more important.
This is only for educational purpose.
I spend good amount of time in analysis and feel happy to share it with a large group.
Polycab coming towards it's support zone @ 2735 - 2700 and expecting a bounce towards 2980 - 3000 levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
hello everyone! Its the end of year and here we are at a major supply zone. market is moving in a clear 3 wave motion. this could be an ending diagonal (final 5th wave in Indian market history which can lead to huge correction) or a leading diagonal of 5th wave. lets wait for the market makers to decide their long term move. But for time being lets focus on short...
Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
#POWERINDIA back at 1 yr support level 2850-2900 levels.
After 8 weeks of consecutive downtrend, the stock has taken support for last 2 weeks.
if stock manages to trade Above 3036, stock will attempt to retest 3400 on #candleshunting in weekly charts
Renuka sugar stock seems strong support level zone b/w 40.50 to 39.15.
Aggressive traders buy current price level with stop loss 39 rupees.
Conservative traders buy above 47.75 rupees.
short term target 50 to 53 rupees.
Weekly Chart of Voltas is again heading towards support of 920-930 zone which is tested 5 times since May'22. I will place GTT order to buy near 930 with SL closing below 925 which will give me great R:R. And if it breaks this support zone then 905/844 can also come. I am always looking for favourable Risk reward trades and in Voltas am looking for quick 8-10%...
