nifty Trend line Analysis ! Range breaks - Retest done ready to fly !
Tata steel, forming box and breakout pattern, similar breakout now looking for uptred.
NYKAA 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.
In NSE:RAYMOND it is a bullish trendline and 6 times the trendline has played an important role of Support and Resistance.
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...
coal 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.
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
cipla is in wave c of zigzag correction, target can be seen towards 1019, one can also trail their position, on purple lines.
ITC 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.
A harmonic chart developed at the closed price area A temporary bearishness may develop
Nifty is in bull Run. It may Test 17754 soon. Major trend line resistance at 17750
Voltas 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.
Us oil taking support at the trend line. Stoploss 90. Target 105.
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.
This 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.
about company - Bhansali engineering polymers limited (bepl) has pioneered in manufacturing international quality acrylonitrile butadiene styrene (abs). the company is a value driven organization, aiming excellence in providing quality products and services, since its incorporation in 1984.BEPL is a company that takes pride in being the lowest cost producer of ABS...
TECHM is at important zone of support. Awaiting for a little retracement above 1055.
Bulls will be active above 480 level and bears will be aggressive below 430. There was continuous lower highs and consolidation. Expecting a blast in upcoming days.