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ABB ANALYISIS IN 1H TF28/11/2022 LONG SIDE TRADE SWING(1H) ABB Triangle pattern breakout and retested in 4H TF(LOWER TRENDLINE SUPPORT IN DAILY TF) Closed with hammer candlestick above 50 MA Risk taker can initiate trade with trading the hammer for that: ENTRY-3104 SL-3076 TARGET 1-3159 TARGET 2-IF TARGET 1 ACHIEVED CAN FOLLOW THE RISK ADVERSE TRADE Risk adverser can trade the triangle pattern breakout that is retested in 4H TF for that: ENTRY-3120 SL-3070 TARGET-FOLLOW THE ABOVE TRENDLINE R:R-AROUND 1:2
NSE:ABB
by stock_stalkist
BHEL : +67% to +239% Upside PotentialBHEL 25 Nov 2022 The stock was showing a good price action for the past couple of weeks, today BO of previous resistance TL with good volume. In Play : HH-HL Summary • Clean TL BO with Vol • Trading above VAH • Next Resistance 108 : SH Conclusion • CMP 80.65 • Test Qty can be initiated • Add to the position on RT-TL • Higher Targets could be around o Short Term : 102/120 o Mid/Long Term : 145-177-264 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:BHELLong
by DhirajSinghBais
Big Boy Reliance : +15-24% Upside Potential25 Nov 2022 Reliance Stock is hovering in the zone of 2500 +/-10% for the past 1 year, now showing some strength. In Play : HH-HL Summary - Stock bounced from the VAH zone - few weeks of low volume PB - TL likely BO - ATH is at 2856 Conclusion - CMP 2618 - Test position can be initiated on BO of TL(as of now BO may fail : Low Volume @ TL) - Rest Qty can be planned on RT of TL - Higher targets could be around • Short Term – 2757/2856/2928 • Long Term – 3038/3258(ATH @ 2856) need to see price action in the ATH zone to confirm higher targets Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:RELIANCELong
by DhirajSinghBais
GSPL : +15% Upside Potential25 Nov 2022 GSPL Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue. Summary • BO/RT done • Stock has shown a good support @POC around 238 zone • 76 days of accumulation • Fresh BO Conclusion • CMP 260.45 • Initiate test qty • Higher targets could be around o Short Term – 276/296 o Mid to Long Term – 332/379(Important resistance to watch out for 311-326) Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:GSPLLong
by DhirajSinghBais
Apollo Hospital : +33% Upside PotentialApollo Hospital is trading in the 700 points range for the past 3 months, now the price has further narrowed down to 300 points range, Last 2 days stock has shown above-average volume and heading towards previous strong resistance TRENDLINE from which we have witnessed multiple rejections in price. Summary : - 3 Months price consolidation - Price range getting narrowed - Healthy Bullish Candles - Inv Head&Shoulder Pattern - VP not supporting the bullish move(POC around 4600), NEED TO CLEAR FOR THE MENTIONED TARGET BELOW Conclusion : Any BO above 4650 Could take stock towards 5087-5597-5965-6193 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:APOLLOHOSPLong
by DhirajSinghBais
1
Bank Nifty : +500 to +900 Points Upside Potential14 Nov 2022 2113hrs Bank Nifty Trading above the Previous ATH of 41840, now (14 Nov 2022, 21:00hrs) we can with a HH in price which is not supported by volume. We can clearly see a decline in volume and HH in price. Summary : Price and Volume – Divergence VP – POC around 41300 level Most Likely Bank Nifty is in an Ending Diagonal formation Ending Diagonal - Last wave(Volume Favours) Conclusion : What Not to DO - Short Selling Index at this level is not at all a good idea(CMP 42072). A clean HH What we can Expect – A rising Trendline(green bold line)from 40800 & 41200 levels, can be used as good support levels for the higher target of 42542 & 42976 Long for potential 500 to 900 points Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:BANKNIFTY
by DhirajSinghBais