NIFTY: If not breakdown, then price will bounce.
Nifty is fighting with control price and value low.
previous support 11836.
if not breakdown then, the price will back from the support.
Trades
Intraday trade setup for NIFTYBuying and selling should be near support and resistance.
Resistance at 12000 nearby and Support 11807 nearby for small value area.
Detection of two excesses on the chart.
Note: this is a small value which is not reliable as compared to higher, therefore I can say trade with a small stop to loss. Reliability is 85% around.
"Only on a dip" Buy BEML with SL of 752Buy BEML on a dip with SL of 752 and targets of 789/799 - Intraday
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
GBPCAD: Primary resistant influencing the price range. Hello traders,
A slow recuperation from the 1.6700 empowered GBPCAD to streak almost six-week high, the match needs to overcome the 1.7225-30 opposition juncture, five-month-old plunging pattern line, so as to go for the 1.7310 and the 1.7420 numbers toward the north. Should costs effectively exchange past 1.7420, the 1.7560, the 1.7650 and the 1.7730 are likely after figures to engage purchasers.
In the event that the statement neglects to give every day shutting above 1.7230, it can observer pullback towards the 1.7160, the 1.7050 and the 1.7000 sequential help levels. In addition, dealers' continued strength past-1.7000 may offer ascent to the 1.6950, the 1.6800 and upward inclining support, at 1.6725, to show up on their radar to target.
Happy trading.
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TorrentPower : Channels, Breakouts & Trades !!!Today;'s close will determine the moves potential.
Its just with simple elliot counts & its not foolproof
Check at your end before taking the trade and I'm not sure about whether the correction will pan out same way or variations will happen but its Daily candles so you need patience, its not like My Nifty & Banknifty posts which happens within a day or two !
Happy Trading !
Cadila Forming "FLAG" PatternCadila Health Care prices are forming FLAG Pattern and prices are expected to trade higher if prices are able to break & sustain above 455 levels. prices can trade higher till its pole size. As per the pattern we can expect prices to trade higher till 555 or levels.
