as we can see BANKNIFTY has finally achieved its new ATH surpassing NIFTY in terms of market strength but has formed an alarming structure. it can be seen in more like rising wedge pattern and it got rejected recently by the trendline resistance hence as long as BANKNIFTY manages to sustain itself above 49000 mark being a psychological level, every dip is a buying...
Today S&P seen holding on to its support area....In case Feb Decision and FOMC news favours equity then I think we can see 5220 this week.
EXIDEIND 1) Time Frame - Monthly. 2) ALL TIME HIGH breakout in monthly. 3) Primary trend will act as a resistance / profit booking zone in the long term at (Price 393). 4) Recommendation - Strong buy
I have updated my view on irctc wait for breakout and enter Stop loss must and should add to your watchlist
as per price action we can plan a sell trade in gold for ny session with better risk/reward ...... first tp will be 2297 if 15 min candle close blow it then you can hold untill london low 2284
JUST DIAL LTD 1) Time Frame - Monthly. 2) The Stock has been in a Consolidation since (June, 2021) & in a downtrend since (August, 2014). Now It has given a Consolidation and Downtrend breakout & Closed above it's (June, 2021) High with good bullish momentum candle & with good volume in Monthly Time Frame. 3) The next resistance would be it's Life Time High...
Just dial has given a Monthly close above 2015 Breakdown point with rising volumes, hinting towards a trend change alert. It has made a 9 year rounding bottom in process of doing so. Also, it has given 10 years old falling trendline breakout
Gabriel India Ltd. is an interesting chart with following 1. Price Rise with huge volume 2. RSI on all time frames above 60 (DWM) 3. Better Risk Reward with 20 SMA (daily and Weekly) Support near 358- 365 zone 4. immediate resistance 450-466 zone Lets See How it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting...
Consolidation in BNF might continue for another month before the big move. Watch for the channel breakout either way
#BandhanBk cash -Positional call 01.05.2024 Looks good above 190.10 Stoploss 180 Tgt 199-200/210 Risk free above 210 for 230/260/300 Cmp 188.30
as per price action of1 hr chart we can plan buying trade from this two levels of an order block ..... can be support for buyers in next week.......it's a fair idea for plan a best trade with market trend.
#Jublfood cash -Posiitonal call 14.04.2024 looks good above 470.10 Stoploss 455 Tgt 484-485 Risk free above 485 for 516-524 Cmp 463.20
Crude is again getting rejected from the downward TL, seems like its forming a long term H&S, can see a 30/40% correction in the coming 2 years
Bank of baroda chart analysis 28 Apr 24 CMP :- 268 Chart formed :- Bullish Pennant 1 target levels :- 271.40 2 target levels :- 277.50 3 target levels :- 284.10 stop loss :- 248 entry zone will be from :- 260-252 Major support level :- 243.75 we will see a down fall of 3%-5% investment period : 3 months - 9 months currently Bank of baroda formed Bullish pennant...
If mrket open on 30 April flat then we can expect a selling from ubove selling zone up too buying zone... Then we can expect up side move in second half.
#BandhanBk cash -Positional call 01.05.2024 Looks good above 190.10 Stoploss 180 Tgt 199-200/210 Risk free above 210 for 230/260/300 Cmp 188.30
bullish triangle breakout in Apollo Tyres sounds promising! Triangle patterns often indicate a period of consolidation before a significant price movement, and a breakout suggests that the stock may be poised for an uptrend. However, it's essential to consider other factors such as volume confirmation, market conditions, and potential resistance levels. Before...
Kecl looks good in charts and risk to reward on longer term looks good