NSE:SAIL On daily time frame it has taken support from 50DMA range on 11 Aug and 13 Aug. And on 13 Aug, it closed above 21DMA and 50DMA. This is a sign of reversal is coming in trend. Please refer below chart. ------------------------------------------------------------- And If you see, since Novemebr 2020 it has traded below 50DMA for very less time and...
NSE:ACC Observations: 1) On Daily Time Frame it has closed below 21DMA on 13-08-2021. Since last 3 days it has been failing to close above 21DMA. Please refer Chart below: 2) Another interesting thing is that in Option Chain data major short covering was seen at 2400 call option for August expiry. 3) It has taken support from 2250 level two times. 4)...
NSE:HDFC It has been trading in that zone since last 3 days. And today it closed below 2665. Keep RSI indicator in watch. If it break out the 2668/2670 level and RSI also breakout that trendline then we can see an upmove in the stock and it will be a quick trade for buy side. All other targets and levels are mentioned on the charts. Hope it is easy to...
NSE:MOTHERSUMI On Daily Time frame it has broken 100DMA and and still trading below 100DMA since last 2 days. It has trapped most of retail traders with their own sentiment that it will shoot up like a rocket on Result day like it did in previous result day. But going in Market with sentiment is always risky. Right now it is in Critical Zone between 220-226...
HINDALCO It has been taking support from the trendline. If tomorrow, 11-08-2021, it takes support from the trendline or breakout this trendline then it will be a quick buy trade. Safe buy trade will be above 430 level breakout with RSI trendline breakout. If 430 levels breakout but RSI trendline still remains below trendline then better to wait. Below is...
NSE:HAVELLS On Daily time frame it has made rounding bottom pattern breakout. Please refer below chart. Tomorrow if it open minor gap up or flat and takes support from 1225 then it will be buy trade entry. And if it breaks the 1225 level then it will be sell trade entry. --------------------------------------------- Simple Trade is explained on 15min...
NSE:M_M Simple Trade Setup for M_M for 09-08-2021. Chart and levels are easy to understand. Do comment your doubt or suggestion. all the best for trading in next week.
NSE:HINDALCO Simple Trade Setup for 09-08-2021. Chart and levels are easy to understand. Do comment your doubt or suggestion.
NSE:AXISBANK Do comment your doubt or suggestion.
NSE:SAIL Simple Trade Setup of SAIL for 05-08-2021 Chart and levels are easy to understand. My personal view is bullish on SAIL. but trade with SL and don't hold the trade for long time. Take the profit even if it is a bit away from the target when the price is not giving much moment. Do comment your doubt or suggestion. All the best for trading.
NSE:EXIDEIND This stock is weak now. But today it entered in the critical zone which was working as a resistance as well as support from long time. Also on daily time frame it closed below 400DMA which is act as good support for any stock. Better to avoid trading in this stock and wait for firm break of either side of level. Levels are marked on the charts....
NSE:RELIANCE Today, Reliance gave good bullish move. But still it is below 2075-2085 range and also took resistance from the same. Entry and Target levels are mentioned on chart and it is simple to understand. Comment your doubt or suggestion. My personal view is Neutral for tomorrow. follow the price action of tomorrow and take the trade. But follow the...
NSE:DABUR Tomorrow we may see a good move on either side. Just follow the level to take the trade. All the levels will work as support, resistance, entry & exit point with reference to how the price action is working on particular day near to that level. Comment your doubt or suggestion. My personal view is bullish. All the best.
NSE:CIPLA Today it was trading in the no trading zone. It is now simple to take trade on either side of break. My personal view is bullish on CIPLA. Comment your doubt or suggestion.
Tech Mahindra " Triangle Pattern " Possible breakout for tomorrow
Since nifty is range bond from few days and has even shrunk to a smaller range, hence it can easily take out your money from your pocket. Now its very necessary to understand the technical as well as to analyse the data available to predict the market behaviour. hence, this is the small video in which I have tried to analyse the ongoing market behaviour.
Hathway cable - gave a round-bottom breakout along with the trendline breakout today. Interestingly, currently, it takes the support of 50sma and above 200sma, so probably give a strong move tomorrow or soon.