Nifty
- Important levels on Nifty spot for 09 May 2023
Imp levels on the upside 18343 / 18368 / 18401
Imp levels on the downside 18235 / 18208 / 18178
- Nifty rose 50 points with 0.25% rise in Open Interest. Before the Karnataka Election outcome, No signs of panic.
- Just before the Karnataka Election outcome, All 3 F&O major participants have a Net...
Look weak chart of IDFCFIRST BANK. Stock is always rejecting from the marked TL & forming lower low on regular intervals. Looking more bearish if stock BD the support level. Expecting 45-40 in coming days if support broken.This is for your educational purpose only.
SBIN
- The stock has seen a nice recovery over the last couple of days rising from the Budget day low of 499.35 to 567.9 today
Observations
- The zone o 560-580 is very important for SBIN
- Black Line of Resistance coincides with Yellow Downtrend Line at around 580 odd levels
- 61.8 Fib retracement level is also at 579.80
Making the current zone all more...
Nifty
As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964
- Now On Hourly charts Nifty has closed below the...
Stock is at support levels. Buy at CMP and on dips towards 42.
Important resistance around 63-68. Once crossed and sustained, the stock may head much higher....
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision...
ICICI Bank
Every thing explained in chart itself.
Just to reiterate
- 868-888 may act as resistance zone
- Minor support at 835-840
- If that is taken out then downside possibility opens up once again for sub 800 odd levels
Given the setup one may consider to go for a Bear Call Spread strategy for Feb series
Sell 880 Call option
Buy 920 Call option
Profit...
Hello Friends,
What a run up in the end. people were anticipating a down move at the last hour and it went like a 🚀. what a great run. As discussed in the morning, if we sustain above 18325 for next 30 minutes we should not think about bear move. once it crossed it never came back to that levels. As per the chart, it was a day of breakouts many resistance in...
EURCHF Sell Trade Signal
Its overall sell trend recently failed to breakout the resistance level and make a very strong breakout on short-term support here is a good opportunity to take a sell with good risk rewards
Always use Stop Loss
Price is on the third touch of our upper trendline currently accumulating, after the consolidation we expect price to move up completeting the initial impulse before the accumulation phase
IOC
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
Like and...
Hi Everyone
This is an forecast of Alibaba group Holdings we have completed wave 1 called M1 ( medium term forecast). Time frame for Medium term forecast is usually 2 to 4 weeks.
We are currently in wave M2 which is still progressing but almost in last stage. So price should move downward unless it brakes invalidation Level.
use our tradingview live links for...
Aarti industries daily time frame. Candle close above the green zone which act as a resistance from past few days. Also candle close above previous swing, above monthly resistance of pivot points. Target can expect 1160 and Stop loss can keep 938.
Aurobindo Pharma
Observations
- stock is currently trading in downtrend channel
- strong bounce back was seen from lower end of the channel
- the line of support at 885 identified in my previous post on June 24, 2021 also provided support
- currently trading at midpoint of channel
- till the time trading above the blue line, Medium term trend is still up...
BAJFINANCE is testing its previous demand level. In upcoming days, it can trade around 7k levels.
BUY in the range of 4880-4900
Target 1 - 5279.75
Target 2 - 6055.10
Target 3 - 7091.30
Stoploss - 4640
Tata Motors
CMP 270
The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around...
Nifty
CMP 14616
Last time we had suggested a bounce back towards the upper end of the channel
- Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern)
At current levels it provides good Risk::Reward ratio to go short....
NSE:RBLBANK
Trading Idea: Positional/Short term/Swing traders can enter too for short term gains
Reason Behind Call: RBL bank is at demand zone . Chart is looking good for good rally in coming days.
Chart Pattern: Price Action
Targets: 330/400 Plus
Stop Loss: 200 on Daily Closing Basis
Holding Period: 3 to 6 months
DISCLAIMER: Trading Ideas are shared for...
