Bajaj Finance Cmp 6014 dated 3-2-2023
1. Trend Reversal seen on chart after the
correction of almost 25 %.
2. RSI BO
Buy above 6030 for target 6130-6205-6335-6490 SL 5850
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for...
Nifty 50 is taking a support from a rising trendline and previous resistance around 17400.
Next week will be crucial to watch out whether the support remains strong and bull run continues or breaks down in medium term correction.
Having a bearish view for SGX Nifty. Price broke out of bear flag pattern and retesting the pattern as well as another rising trendline from 7th Oct. This indicates bearish pressure for India markets as of now at least until 16800 to 17000 levels at short term. Just my view, please do your own analysis.
Thanks
bank nifty ve Wolfe wave with exhaustion gap with rsi divergence,
show heavy weekness below 41880
trend line breakdown close and hold below and retest the trendline
breakdown of triangle
NSE:NIFTY
Nifty has been in a free fall from last 3 days but it has paused and signeled some signs of reversal after a volatile range bound session.
It has a good support of 17420 and at the same level 2 more confluences are present.
1. bear channel support line ( marked in green colour)
2.Daily TF Support trendline support.
for nifty to move more down it need...
We should wait for a confirmation candle. I have highlighted using a circle the pattern we should expect for a bullish mometum.
After todays market, one thing is clear, the market wanted to take out 17400 PE players and now it is positive.
This will give a boost to our stock as well.
We can enter long position on the trend line breakout with bullish candle. We can expect target at around next resistance zone. Stoploss at swing low.
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Trend line and the support range is narrowing and I expect range move today as well unless price gains strength to break the range during market hours. Buy above 17650 with the stop loss of 17620 for the targets 17680, 17710 and 17740. Sell below 17580 with the stop loss of 17620 for the targets 17540, 17500 and 17460. Unless you change, you can not control your...
Go Long above 40.4 for Targets of 45.3, 50.2, and 55.1 with SL 35.5
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing...
Grandfather , Father , Son is a five star trading strategy.
A good opportunity to enter a trade, daily rsi is at 40 support , weekly and monthly above 60.
if you don't know , you can learn it from youtube.
Deepak Nitrate Cmp 1880 dated 31-1-2023
1. Reversal from support.
2. RSI BO
Buy above 1890 for target 1935-1965-2000
SL 1835
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any...
On daily time frame, price is breaking the trend line and sustaining it with volume. When most of the stocks were falling, this stock sustained. On weekly time frame price is consolidating within a triangle.
Buy above 342 with the stop loss of 338 for the targets 346, 352 and 360. Intermediate resistance is seen at 345 - 346. Price will be completing the rounding...
1. On daily chart with technical view I have seen bullish trendline breakout with upside move.
2. The closing price is also closed above 68% FAB retracement level which also shows positive trend.
3. MA i.e. 21-11 cross over is seen upward move.
4. RSI is near to 70 i.e. 68.
I can see 20 to 25 points upside move in near short term.
P.S. This technical analysis...
After a very good movement yesterday, I am expecting the price to move within the range 17500 - 17650 unless the trend gains strength. Buy above 17660 with the stop loss of 17620 for the targets 17700, 17740 and 17780. Sell below 17580 with the stop loss of 17620 for the targets 17540, 17500 and 17460.
