Buy BHARTIARTL above 585 tgt- 599 615 closing base sl- 571
How to follow our Ideas & earn maximum profit.
1. First & Foremost: This sharing is just my own study & research. Track or trade in it with 100% self-risk & responsibility. If not convenient then strictly avoid.
2. You should always keep the STOP LOSS. In the market only SL will SAVE YOU
Short on BPCL at current levels because of following reasons:
1. Ascending triangle formed on BPCL daily chart along with lower volumes in the last few days. - Indicated a break-out at a lower level
2. Fibonacci retracement places the next resistance level at 400. Stock expected to retrace to 360 levels
3. Simple bearish divergence noticed on the Daily chart...
Fundamental positive cues:
1. Indian Govt. news on regulating tariff and facilities of LNG to boost demand
2. Decreased impact on financial performance in spite of lockdown
3. June and July seeing an increase in storage and pipeline utilization in its major sites (Dahej Terminal) compared to April / May
4. Permission granted to open LNG stations across the...
Infosys formed a rising wedge on daily charts with the last day closing on the edge of the Bollinger Bands (with 3 std deviations).
If it does not break 770 with volume, it will fall back towards lower trend line of 725 levels. However, if it does break 770 with volume, it will rise to 810 levels.
The strong gain made by Rupee on Friday along with the daily...
As marked in the chart probable downtrend setup is forming in the DIVISLAB
After breaking the important structure, price retested the levels again.
Hourly chart also shows the clear down trend starting.
Further increase in the delivery volume and volume in general also suggests the big move coming.
Next 2 sessions will confirm it further.
An ascending triangle is formed in Bank Nifty with major resistance at 22,500. It is also the 50% resistance level as per the Fib retracement. Lower volumes in recent days support the above hypothesis. If the trend line is broken with good volumes, it could retrace back to 20,000 levels