Again shooting star seen at the resistance area on the chart of silver. So be cautious & alert. Any more negative candle above or below the resistance area lead to more fall in the share. This is for your learning only.
Long Dixon at the bullish movement. Both entry points have been shown. Trade as per risk to reward. Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed? Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a...
As we can clearly see a bear flag pattern in 2 hr time frame .Here we will get the good trade in the terms of risk and reward in both the directions just after the breakout or Breakdown of the consolidation phase in either direction. I am more confident towards the shorting side as compared to the long side just because of the short term negative sentiments of the...
Maybe tomorrow nifty trading between this range 17900 to 17600. highest call oi 18000 ,It act as a major resistance . Hghest put oi 17500,It act as a major support 17700 is a crucial range ,It holds both put and call OI . PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND. Tomorrow RBI meeting will be held at 10 AM .
ITC : Price is trading in a range. Nice pinbar formation on a week day indicates strength. SL & Target given in the chart. Cheers, priceNpedia
in.tradingview.com Negatives - We are underperfoming the global markets. Gap up openings are getting sold out. Positives - Bank Nifty is near the 50 DMA / key support levels so we can reverse from here. Today down move was more of expiry related No worry as far as corona is concerned in the global markets. Global markets have already confirmed these levels...
Nifty at major support of 50 DMA & higher low of the channel. High chances that nifty would hold this levels and move higher from the current levels. Any drop from these levels can take nifty down to 17800 levels. These levels should be watched for any upmove / downmove. Cheers, priceNpedia
NIFTY IT is trading in a range and after a significant fall the price has been consolidating in a range. Todays candle shows a strong bullish engulfing which signals a reversal. TCS results have been good so it should have a impact as well in coming days. Mindtree & Coforge are looking good in IT Sector.
Downward Channel is breaking on the upside. target of 7 % from the levels mentioned in the chart.
This is a hellish market to trade for directional index traders since past few weeks now. Views and opinions have to be revised frequently as Nifty has been forming one range after the another. However all this dull activity whether accumulation or consolidation is building cause for some good trend to develop in the market, just need to analyze price action and...
Reliance is trading in a trading range, at a critical support now, do you think it will hold? Based on price action I think it's possible but will have to wait for the confirmation.
APOLLO TYERS trading on triangle pattern exerting to break upside for complete the pattern now its trading on down trend target will be 200... LAUNCHING SUB BROCKER SOON SUPPORT US... SUPPORT : LIKE AND FOLLOW
Trading Range Breakout With very heavy volume. Strategy : Buy on Pullback. if the trend is strong...Pullbacks may not be deep. Buy Zone : 610-630 with Best Buy: 610-620. Targets - T1: 700, T2: 800 SL: 564 PS: Trade at your own risk.
Reliance Industries has had consolidation since around last 4 months, now exiting trading range. Buy for swing trade targets of 2280 CMP = 2134 Stop Loss = 2060 R:R = 2:1 Disclaimer: We have active position in the security. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including...
RELIANCE is trading into a trading channel has started rising from the base of the channel. Enter till the top of the channel for a high probability trade. Levels of entry, SL and target marked on the chart. Note - This is an educational idea showing how channels work. Do your own risk assessment and enter any financial positions.
Adani Enterprises which had reported an amazing 2nd quarter have been rallied since publishing its results and they have been trading in a range that have given a channel type of formation. Check out the chart and plan your trades accordingly. Just sharing my view.
SBILIFE is in trading Range as you can see in hourly time frame . SBILIFE already did several attempts to break the trading range formation but it failed . Now the real question is why i am bullish on this still it failed to hold above trading range . Because its above 200 SMA in daily time frame and if look closely you can see the bullish flag pattern in Daily...
This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip: 1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many...