Trend Lines

Price action has broken the trend line. Its bullish as long as it sustains 237 - 241. Targets are 254, 261 and 269.

Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color. Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box. Statement (3): From the timeCycle, approximately move projected by (A),(B) and (C). As per channel, the main support is 10525 below where...

trendline breaking out - if price sustain above 950 we should see a 10-15% upmove in coming days

SHORT SELL RETRACEMENT TRADE

Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal. Stoploss - 88.65 Target 1 - 99.05 Target 2 - 103.35 Target 3 - 107.30 Disclaimer This content is for information and...

Technical: Strong breakout Awaiting After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500. Fundamental: Undervalued Market Cap: 1600 Cr. P/E: 6.2 Debt to Equity:...

accumulate

CIPLA has been trading in a range for almost 5 years now ( Look at the chart) But, now I think we might see a new trend- Potentially a bear one. The problem with most traders is they think "indicators are everything" which is simply not true. A fancy cluttered chart with 10 indicators doesn't mean accuracy at all. I think you can trade with just basic tools, you...

kindly refer weekly for zones in broader way , but here its just a scalp trade nifty set up as per risk reward

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chart shows hurdles supports and key zones

If Lupin break the major support of 720 then it can fall sharply.

Sustaining 233 - 238 level will push the price towards 245, 252 and 258.

Mahindra & Mahindra is in a descending channel at a double bottom structure at a weekly support zone. The RSI suggests a positive divergence. Target 1 - 566. Traders can maintain a stoploss of 540 Traders can look for further targets after 566 levels have been broken.

Lt is in a falling wedge pattern which is at an important daily trendline. Traders can look to go long after the wedge has been broken to the upside at 1402.50. Target 1 - 1432 Target 2 - 1465 Target 3 - 1538

LT is in a clear falling wedge formation which is a reversal pattern and can break to the upside at any time. Traders should go long after 1422 levels are broken. If 1388 has is broken down then no trade Target 1 - 1471 Target 2 - 1514 Target 3 - 1538

Possible view on nifty50 index we can short if we found strong reversal pattern from trendline area or from double top zone keep your eyes on nifty50 WARNING : REMEMBER TRADING IS ABOUT PROBABILITY NOT CERTAINTY

Moving in a channel. Likely to take support @ 200 DEMA (748-750) before moving towards 800-810/- in next 1-2 weeks.