BALKRISIND - AnalysisThe key levels for BALKRISIND are as follows.
Entry : 2108
Stop-Loss : 2234
Target : 1796
Trendfollowing
GRANULES - AnalysisThe key levels for GRANULES are as follows.
Entry : 338
Stop-Loss : 303
Target : 381
VOLTAS LTD - AnalysisThe key levels for VOLTAS LTD on the weekly chart are as follows.
Entry : 833
Stop-Loss : 937
Target : 720 - 680
Jubilant Foodworks - ShortStock is in tight channel on 1D timeframe. A breakdown of that channel with give good RR if shorted.
H&S pattern Bharat Forge - Monthly timeframe Head and Shoulder pattern in Monthly time frame. Very bullish since this is formed in the Monthly timeframe. Long long long......
Amarajabat multiple breakouts stay tuned! YES!!! this is a trend reversal
18 months old trendline breakout
Huge volumes at breakout
Breakout after numbers
head and shoulder breakout above 588
Above 50 ema
Above 200 ema
Wait for a confirmation of resistance breakout and we can go long!!!
ACC: At 200 days supportThe stock seems to be at a point of reversal due to the following reasons
1) The stock is at 200 days moving average support and has also given a solid closing for the day.
2) The stock is also at an important support level from which it previously gave strong rallies.
NIFTYNIFTY :
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Moving In A Expanding Triangle
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Approaching the monthly resistance. Some consolidation at these levels is expected. Global markets look absolutely healthy.
#TATASTEEL #TISCO Tata steel, forming box and breakout pattern, similar breakout now looking for uptred.
Bearish Price action in NYKAANYKAA is looking very weak in chart, after testing 3rd time its 9 months long support last week it finally break down. Consecutive lower high formation after testing the support is further confirming the weakness.
Taking reverse Cup & Handle in consideration It is supposed to test 675 level in coming months.
Trendline Trading: Raymond LtdIn NSE:RAYMOND it is a bullish trendline and 6 times the trendline has played an important role of Support and Resistance.
GBP/USD long idea After a long bearish move market started to recover / fill the imbalance which are left open before further selling off. The idea of this trade came when market failed to respect a 1h demand and continue up forming HH and HL.
So, what I am expecting market will go further to fill some larger imbalance and the us dollar is weak right now so it increases the chances of going up further. It is a trade continuous strategy where market after form a break of structure we look for a imbalance candle form which that impulsive move started that break the HH. So next time when market will come back to that region when I will be looking for long opportunity in lower timeframe with proper confirmation
DON'T BUY COAL INDIA BEFORE IT REACHES 200coal india can be accumulated at 200 level, it can come to 200 directly, or it can do to 228 level then come back to 200 level, then its good to take position in that time.
entry- 200
stopped- 175
target 1- 258
target 2 - second purple line on chart.
KEEP AN EYE.
CIPLA ZIGZAG CORRECTIONcipla is in wave c of zigzag correction, target can be seen towards 1019, one can also trail their position, on purple lines.
ITC CHANNEL PATTERNITC formed ascending channel and currently resisting at the trend line.
itc alredy moved more then 23% even when the nifty is bearish.
so lets wait and see whether it is reversing or trend break again.
follow for more stocks.
NIFTY may experience a small correction A harmonic chart developed at the closed price area
A temporary bearishness may develop
Nifty is in bull Run. Nifty is in bull Run. It may Test 17754 soon. Major trend line resistance at 17750
Voltas on sweet spot !1Voltas can be kept in watchlist for swing trade it is trading at strong support if market remain positive we may see sudden bounce make and can give up to 5% in short term.
Banknifty at major resistance. B-Nifty PCR 1.30 over bought
B-Nifty RSI 70+ over bought condition
B-Nifty at major trend line resistance 36750-860 it may correct from here, if cross and sustain above it may test 37450 future levels* ( Must correct from here) for previous Gap Fill.
MOTHERSON SUMI WRNG IND L, looks strong on chartThis lately diversified Motherson company is ready to give a bullish move in coming week up to a level of 85.45. Daily chart has already given breakout from its resistance area, further zooming-in in hourly timeframe, shows breakout from cup & handle pattern with a gap-up. With auto sector looking bullish, it only further confirms the strength of up-move.
