NSE:ABFRL Observations: 1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support. This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228. Please refer below chart : Daily time frame. 2) On 15min time...
NSE:DIXON Observations: 1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle. Please refer below chart : Daily time frame. Today volume also increased compare to yesterday and it was above "21Volume Moving Averange (21VMA)". Please refer below image. 2)...
NSE:COLPAL Observations: 1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle. Only one negative thing is that it couldn't closed above yesterday's high. Please refer below chart : Daily time frame. ------------------------------------- ...
NSE:PETRONET I am selecting PETRONET again for 07-09-2021. Observations: 1)On 15min Time frame today we can see that it has broken out from the parallel channel and also closed above 230 level. Tomorrow if it sustain above 230 level then we can see a good upmove. Please refer below chart : 15min time frame. 2)On Daily Time frame we can see that after...
NSE:AARTIIND Observations: 1) On 1 hr Time frame, if you can see that it has been taking support from 900-901 level and making lower highs. And it is forming descending triangle pattern. Please refer below chart : 1 hr time frame. 2)On Daily Time frame you can see that 900 level range was earlier working as resistance and now it has been working as...
NSE:MCX Observations: 1) On daily Time frame, it has given breakout of rounding bottom pattern. Breakout level range is 1585-1586. Nearest resistance level is 1600 level. Please refer below chart : Daily time frame. 2)On Daily Time frame we can see that it has broken 100DMA and 200DMA with bullish candle. Please refer below chart : Daily time frame....
NSE:BERGEPAINT Observations: 1)On 1hr Time frame It gave breakout of rounding bottom pattern. Critical support level is 825. For the good upmove it has to give breakout of 840 level. Please refer below chart : 1 hr time frame. ------------------------------------- For POSITIONAL long trade one can take long position from CMP as far as it is...
NSE:COLPAL Observations: 1)On Daily Time frame In past days it has already broken 21DMA and 50DMA and trading above it. Recently it is now in the critical zone of 1720-1730 level range. In order to be it more bullish it has to surpass the immediate resistance of 1740 level with strong bullish candle. Please refer below chart : Daily time frame. ...
NSE:PETRONET Observations: 1) On Daily Time frame, if you can see that level 230 is working as critical level since long time. It was working as both support and resistance since long long time. Please refer below chart : Daily time frame. 2)Also, on Daily Time frame you can see that it has closed above 100DMA but still below 200DMA. One good thing is...
NSE:HCLTECH Trade Setup for Date 03-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. ...
NSE:IBULHSGFIN Observations: 1) On Daily Time frame you can see that it is forming rounding bottom and it is near it's major resistance of 234 level range. On breakout of 234-235 level it will give good upmove. On other side breakdown of 230 level will give down move. Please refer below chart : Daily time frame. ------------------------------------- ...
NSE:RBLBANK Observations: 1) On 1 HOUR time frame it has breakout 164 level and then it has tested if for support and it got support from 164 and gave good upmove. Please refer below chart : 1 hr time frame. 2) On Daily Time frame you can see that it has now reverse from the critical support range and made bullish candle today by taking support from...
NSE:IRCTC Observations: 1) On 1 HOUR time frame it has made a rounding bottom pattern and closed just below the critical breakout level of 2750. Please refer below chart : 1 hr time frame. ------------------------------------- Trade Setup for Date 02-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
NSE:UBL Observations: 1) On Daily time frame it took good support and reversal from 21DMA. And now it is in the critical range and it is to break it or leave it. Once it starts to stay and trade above 1475 level then it will be good for positional trade with 5% target. Please refer below chart : Daily time frame. 2) On 15 min time frame we can see...
NSE:BHARATFORG Observations: 1) On Daily time frame it took resistance from 21DMA which is placed near 775 level. Please refer below chart : Daily time frame. 2) On 1 hour time frame we can see that major resistance is at 780 and major support is at 719. Any dip above 719 will be buying opportunity for positional trade. Please refer below chart:...
NSE:NATIONALUM Observations: 1) On Daily time frame it is already taken good support and reversal from 100DMA and now it is just closed below 21DMA. Please refer below chart : Daily time frame. 2) On 1hr time frame it is just below next resistance zone. And it formed kind of inverse head and shoulder pattern. Please refer below chart: 1 hour time...
NSE:MCX Observations: 1) On Daily time frame it is already trading below 200DMA. Please refer below chart : daily time frame. 2) On Daily time frame it has taken reversal from it's critical support 1455 level range and also closed above 400DMA. It shows the strength will come in stock to get bullish now. Please refer below chart : daily time frame. ...
NSE:PIIND Observations: 1) On Daily time frame it has been taking support from 21DMA and trading above 21DMA and now it is near to it's critical resistance level of 3200. On breaout of it, there will be good up move, but if it faces resistance from it then it will be again down move. Please refer below chart : daily time frame. 2) On 1 hour time we can...