Technical
HIND PETRO Inverted head and shoulders pattern ON 1D CHARTHINDUSTAN PETROLEUM making an Inverted head and shoulders pattern ON 1D chart. It has crossed the resistance of 280 which acted as barrier for it since last 3 months. Now it is looking for a bull run if sustain above 280. take entry above on successful retest of its breakout as drawn in the chart. stoploss will be below last swing ie 263-260 and target will be 310 -320 and above.
NEWGEN STOCK ANALYSIS
1. Today we'll discuss another company which is NEWGEN SOFTWARE
2. Today Date is 08-09-2021.
3. Currently stock is trading at 595.45 which is shown in candle chart.
4. There is short term target which is 595.45 to 656 which is shown in image above, which is approximately 10% gain. Stock is trading in range.
5. How much time it takes to reach target, according to my analysis, it takes maximum 2-3 month or maybe very soon.
6. NEWGEN SOFTWARE NSE Code is NEWGEN
7. Balance sheet of company is in profit
8. Company has reduced their debt.
9. Company now almost debt free.
IMPORTANT RULES
10. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
11. We never sell stock in loss.
12. We are investing in equity share.
13. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
14. From my experience screener.in is best website for reading company financial data/balance sheet and for technical chart in.tradingview.com is best website.
15. My experience/learning is saying that if we have proper plan in share market we can easily earn money in equity.
16. Don't forget to bookmark this blog page. Because a lot of stock analysis are coming here with genuine guidance.
HDFC SELL IN PRZ. HDFC SELL PRZ........SCRIPT IN PRZHDFC is in PRZ as per the harmonic pattern that is Bearish Bat
HDFC SELL PRZ 2793-2835........script is in PRZ
Stoploss 2926.15
Target 2661.
please follow strict stop loss and target. Batis usuallyvery correct but risky also as stoploss comes little bit far from PRZ. NSE:HDFC .thanks for the support. any querry, please comment.
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow market opens flat and taking support 16588 and form a strong green candle go long for 50 -60 Points OR
If Market opens Gap Up above 16645 and forms strong green candle go long. Or open gap up on 16645 and faces resistance and taking support on today high then go long If Market Open Gap Down then above 16690 and form green candle go long or level breaks go short go short
Nifty Resistance 16650 16700
Nifty Supports 16530 16340
All advice is for educational Purposes
Bank Nifty Level for Tomorrow ( Pure Price Action ) If Tomorrow market opens flat and taking support 35580 and form strong green candle go long for 150 - 200 Points OR
If the Market opens Gap Up above 35800 and forms a strong green candle go long. Or If Market Open Gap Down then above 35340 and taking support then go long and if 35340 level breaks go short
Bank NIfty Resistance 35800 36250
Bank Nifty Supports 35340 34800
All advice is for educational purposes
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market open flat and go sideways taking support at 166335 then go long for 50-80 Points or if this level breaks then go short for 100-120 Points
Or
If Market Open big gap up below 16580 then faces resistance then go short or breaks this level then go long for 80-90 points
Or
If Market open Gap down above 16336 taking support then go long with a small risk ratio and if level breaks go shorts
Nifty Resistance :- 16600 -16800
Nifty Supports :- 16350 -16160
All advice is for educational purposes concern your financial advisor.
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow market open below 34980 and form big red candle then go Short for 100-150 Points
Or
If Market Open flat on last day market close and form 15 green candles then go long with small quantity and if 35300 level breaks add more quantity as per your risk management.
Or
If Market open a big gap down above 34670 and market go long if green candle form
Or
If Market open big gap up and faces resistance at 35800 then go short with good quantity
Bank Nifty Resistances :- 35800 - 36000
Bank Nifty Supports :- 34670 - 34250
All Advice is for educational purposes , concern your financial advisor before taking any investment decision
Nifty Level For Tomorrow ( Price Action Analysis)If tomorrow market open flat or gap up and form green candle go long
Or
If faces resistance at 16465 and take support 16375 go long if this level breaks go short for 50-60 points
Market goes sideways avoid trade (avoid trade if risk ratio is high)
Our Analysis is purely based on price action.
Nifty Next Target if the bullish trend continues
Nifty Strong Support 15800
All advice is for educational purposes
Bank Nifty Level for Tomorrow ( Price Action ) If market open Gap Up above 36240 and form green candle go long for 100-120 point. you can also wait to breaks 15 min high then take an entry
Or
If Market Open Flat and faces resistance at 36240 then go short if 36130 for 20 to 30 points and you can avoid if your risk ratio increase
Or
If Market open Gap Down above 35750 and 15 min green candle high breaks go long for 100 - 150 points
If the Market goes sideways avoid trade
All advice is for educational purposes