Good Morning!
We are glad to share the accuracy of 8th Club’s Research on the Market.
As just like we had stated yesterday, similarly in the yesterday’s trading session itself, we had witnessed that once again, how after not being able to cross the resistance of 17,360 on the upper side, Nifty had tumbled down to below our stated level of support which was at...
Good Morning!
Just as we had stated yesterday, similarly we did witness how Nifty was ultimately unable to break the stated level of support which was at 17220 and instead had unfortunately traded between the stated levels of 17360-17220, i.e., it traded between 140 points for 6 hours straight. Thereby, indicating its movement in a super indecisive mode along...
On the 2 Hour Chart of MOTHERSUMI, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 225.40, 230.35, and 234.20. Whereas, on the other hand,...
: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
market moved around 150.40pips on 14/12/2021 : nifty 50
On the 1 Hour Chart of MAHINDRA & MAHINDRA, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 853.60, 868.90, and 885.60. In addition to this, the stock...
Good Morning!
Just as we have been stating in our Morning Mantra updates, similarly the Market still seems to be moving in a narrow range and in a price correction Mode. However, we can avoid creating a panic, until the index breaks the level of 17,220 on an hourly basis. Moreover, the levels of 17,650 & 17,800 will remain to be the suggested levels of resistance...
Nifty
Although markets can fall further, and can be irrational, we are at a place where Nifty has filled up the 2nd gap.
Whether it falls or rise only time will tell us, but based on the underlying conditions I would not prefer to short at current levels. (This does not mean I would buy Call Options).
Trading strategies should factor in
- the Risk::Reward...
On the 1 Hour Chart of TATAMOTORS, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 504.50, 511.95, and 520. In addition to this, the stock may face a...
Good Morning!
Today, will be a very crucial day for the Market. Where, it will be suggested to kindly avoid going for any fresh trades, instead wait and watch for a stable closing.
Since, just as we had stated in yesterday’s Morning Mantra, similarly we did witness a sharp rise in Nifty in the early hours itself. However, due to the pressure of supply, we did...
LIC HSG FIN
Support and resistance levels are highlighted in the chart
T1 & T2 are the target levels to play for
Potential Support zone should be withheld going forward. In case if it breaks, then the view gets invalidated.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for...
