Nifty will gap down today around 16500-16550 taking clues for SGX nifty, a nice opportunity to initiate longs. I would suggest to long nifty around 16400-16450 with sl 16325 and targets of 16550-16600. Also there is strong support of RSI @30.
We can spot BEAR TRAP in the AARTIIND. We can ho long by keeping our stoploss below 200ema and imp support zone.
Nifty could take support near previous range but I expect a bounce because RSI has came to its strong support around 28-30.
There are two ways to enter into Arvee Laboratories 1. According to fib retracement there is deep pull back to 61.8% from recent high after a breakout (somewhat risky) --> enter @88 with SL@75 for tgt1@100 tgt2@120 2. The above is a good buy zone, although entering at a key support area between 81.5 and 78.5 will be safer option if it comes down. for this you can...
As we can see stock is on important support zone. We can go long by keeping our stoploss below 820.
As we can see VEDANTA is forming MORNING STAR candlestick pattern on very important zone. We can go long buy keeping our STOPLOSS below 310. Targets are mentioned below in the chart itself.
1. Formed Symmetric triangle 2. Breakout from triangle. 3. Retest done. 4. Major breakout 5. Retest done at heading to previous ATH. Entry: 2440 SL : 2300 (weekly closing basis) Target: 2700 Also NIFTY ENERGY at support levels. Chart link attached below.
One can add SBICARDS on watchlist Trade based on the breakout on either sides. Possible buying zone. Seems a strong support! Disclaimer: All charts are for educational purpose only. Please consult your financial advisor before investing.
in the chart you can see the fibb support & trend support. Entry price to buy the dip.
MANAPPURAM FINANCE share is near to breakout, stock is consolidating between 170-175. . Previously we also gave the trade when MANAPPURAM is at 168. Now again it a time to BREAKOUT. . 169-170 is strong support zone, you can buy this trade once it cross 175 for the target of 180-185 . What's your view on this comment below in the box.
Reversal possible in Shree cement from strong support line..
Its making the above chart pattern and may face a support zone around 177. Keep a sharp lookout for a reversal in the near term.
Britannia price approaching strong support zone (see chart). One can add this to watchlist and track for support retest and reversal with some good volume to consider for long position. P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
So 15671 level is support level, as you see two times Nifty touch this level and reverse. . So for Tomorrow if Nifty break the Trend line then it can go near 15760 and then 15840 . If Nifty break the support of 15671, then it can go till 15505. . If gap up opening happen then avoid taking a position in the beginning. . Once it is corrected then you go for...
Buy between ₹102.50-104 Stop loss for long term would be near ₹89-90 (P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)