The stock has not been performing very well for about last 80-85 trading sessions. After a very long time, the stock has given a clear breakout from its trendline with relatively higher volumes and is not expected to show uprise. The macd is also indicating a reversal. Levels mentioned in the chart. This analysis is done by me and could go wrong due to...
Stock is in uptrend + respecting MA 200. Gave the breakout after build up and taken support at previous resistance / breakout area. Currently seems to be consolidating, respecting trend line. If breaks the trend line, might run for ALL Time High! Current scenario seems to be favouring long opportunities !!
ON 3rd JULY PVR GAVE BREAKOUT FROM REVERSE HEAD & SHOULDER PATTERN & WAS ABLE TO SUSTAIN ABOVE THE TL FROM WHOLE DAY . HENCE GOOD FOR LONG BET FOR 6th JULY MONDAY 2020. STOP LOSS BELOW 1015 LEVELS
GBPUSD printed some nice PA signal to trigger the bearish move.
Broke the existing trend with heavy volumes
NSE: Adani Port Short below 335 Short below 335 for a target of 317 & 300 with stop loss at 361 If crossed above 347, long with stop loss of 317 for target 361, 376 above Use stop loss
NSE: Aditya Birla Fashion Possible Breakout above 215 After consolidation from August 2018 to Jan 2019, showing signs for breakout The brief range of consolidation from low of 160 to high of 215 Possible Long at current level with stop loss of 190 and target 228, 236 and 249. Time frame looks 4 weeks
NSE: BATAIndia Momentum play for 1282 Breakout momentum play for short term 1282 Trapped in range 833 to 1110 from June 20 to Jan 08 Current momentum can take stock to 1282 Possible Long above 1110 with stop loss 1088 for targets 1179, 1225, 1282 + If momentum continues price may be pushed beyond 1282 Use stop loss and trail stop loss
NSE: KILITCH DRUG Volume Breakout for 247, 271 Break out Momentum play From Oct 15 to Jan 07 consolidation between 149 to 209 On Jan 08, break out with unusual high volume compare to normal day volume, closed above 209. Level 209 seems to be strong resistance. Possible long at current level with strict stoploss 186 and target for 232, 247, 271. If momentum...
LT add around 1180 to 1220 and hold it target : 1400 1500 1550 If Break 1400 level then LT ready to drive 1440 1500 1550 time hold next 2 to 3 month
RELCAPITAL has seen consolidating in 420 - 440 range since a while. The stock is seeing bullish reversal, and can see a breakout. One can go long in the counter with Target of 447/457/470, Keeping Stop Loss below 420 (Closing Basis). Risk-Reward: 2.17. RELCAPITAL Fut Lot Size: 750
Posting Nifty NSE:NIFTY became too routine, so here it comes Brother first and lets do the Honors to BankNifty NSE:BANKNIFTY . Happy Trading !
It is been observed on the daily and weekly chart that the price action consolidating within a triangle formation for last five months and now it has finally broken above the trend line and indicating a further bullish move ahead. Target 1: 580 Target 2: 600 Stoploss: 550
It is been observed on daily chart that the price action breaks above the downward trendline indicating Buyers empowering over Sellers and now it shall further move up. Price action is still consolidating in a range of 430-460 levels. Target 1: 450 Target 2: 460 Stoploss: 434
An inversely related stock price action to index has witnessed a strong rally of ~40% since March 2016. After a small pause (consolidation), the price are showing sign of breakout. Looking at the RSI (Relative Strength Index), the breakout from falling trendline and bullish crossover on MACD indicates price is ready for the rally towards 460-500.
It is been observed on the hourly chart that the price action breaks and closes above the previously down trending trendline, indicating a strong bullish move ahead. Now it shall further move up to next resistance levels at 210. Target: 210 Stoploss: 193
We need to rush through this description bcos there are potential chances arising already. There are 3 components we have used to examine the dynamics of BankNifty, (i) Elliot waves - Simpler the Better (ii) Trendline (iii) Patterns There is no need for you guys to know each n every component for analysis. Just any one of above 3 component is perfectly fine to do...
It is been observed that the price action breaks and closes below the upward trending line on daily chart, indicating further weakness and bearishness. Now, it shall further move down to the next support level at around 252-250 levels. It is also important to note that it is facing a strong resistance at around 275-278 levels. Target: 252 Stoploss: 280