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Nifty view till December ExpiryAs Index moves higher approaching resistance trend line with RSI above 80. Small intraday dips are being bought and somehow index management is going on. The risk reward for Long becomes very unfavourable at these levels. Immediate resistance at 13880-13920 and if index manages to stay above 13600-700 for upcoming sessions then we may see one more attempt towards 13950-14020. Immediate Support at 13600 followed by 13350. 12750-13000 zone should act as strong demand zone, one can use the dip in this zone to buy. For next 2 weeks - 21st Dec-31st Dec Any gap ups towards resistance zone should be used to sell with SL 14050. If holds 13600, one can go long using 13550 as SL. Sustaining below 13600 will make this structure weak and may attract more selling till 13350. Happy Trading
NSE:NIFTYShort
by TrendScanner
2
HCL TECHNOLOGIES - LONG New Breakout Trade Idea Action - BUY - Positional Script - HCL TECHNOLOGIES LTP ~ INR 890/- Flat Base Breakout at INR 910.70/- Profit Target Goal ~ INR 1050/- Stop Loss ~ INR 850/- Closing Below ROI ~ 18% Long Term RRR ~ 4.00:1.00 MACD ~ 14.1 Above Signal RSI ~ 64.1 Mid-Range PE Trailing 12M ~19.84 Industry P/E ~ 29.03 ROE ~ 21.53% ROCE ~ 29.85% P/B~ 4.22 Moving Averages: - Trading above 50 Day SMA since 22 days (since Nov 27, 2020) Trading above 30 Day SMA since 22 days (since Nov 27, 2020) Note ~ High Financial Strength, Expensive Valuation With Technically Moderately Bullish
NSE:HCLTECHLong
by AlphaSignals
1
Pattern on High TimeFrame... Major Breakthrough expectedCan see a triangle pattern on a weekly time frame. Looks like a major breakthrough can come in it. Can keep a watch on this and might give good returns. The time range here is almost 5 months so move can give good result with swing trade. ====================================================================================================================================================== Disclaimer: The information provided here is for educational & instructive purposes only. Our intention is not to provide any financial advice, investment advice, training advice or any other advice. This is general information and is not explicit to you or anyone else. Please do your own research and consult with your financial adviser before investing or trading. We will not be responsible for any profit or loss.
NSE:MUTHOOTFIN
by MyTradingJourney
1
TVS MOTORIn future we will see good move in TVS Motor. In weekly Chart very Soon we will see break out. Just note my label if in next trading day it cross 508 then we can see move upto 530 and if it cross 530 in future we will see target 700++. Those who are looking for swing trade or medium term investment then this is a very good stocks. Before taking any trades kindly consult ur financial advisor. Its my personal Opinion only. If we see the technical chart then RSI above 60 and ADX also rising.
NSE:TVSMOTORLong
by Trend_Trader_Hassan