Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3....
Friday though the price was falling, the move was not having a strong strength. Buy above 18180 with the stop loss of 18150 for the targets 18210 and 18240. Sell below 18120 with the stop loss of 18150 for the targets 18080, 18040 and 18000. What skills ypu are improving in trading this year?
The Cup and Handle pattern in daily and weekly timeframes and also 10 years trend line breakout. DISCLAIMER: The ideas shared are only for educational purposes. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Looks like Tata consumer might fall till 700-697 If breaks that 617 in coming days. Findings: 1. Might touch 0.786 retracement from low 2. 700 is also co-insiding with A=C 3. Good prize action support level 4. 617 level is also a channel support. This is just my view please make your own analysis and trade safe..
Wonderful trend line break out in HIKAL LTD , Buy above 420 Stop loss below 300 (closing basis) Target 590 and 980 Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Monthly trendline breakout + cup and handle breakout. Monthly RSI above 60, bullish. Monthly charts, so it may take time but can give 40-60% returns in 2023 Buying range 17-20 Targets 23-28-32 and if something even better happens, then even 40. SL - 14 on weekly closing.(around 20-25%)
Ircon is a PSU stock not only gives decent dividend but also has the potential for becoming a #multibagger over the next few years. SL~ 48 on WCLBS P.s. wishing you and your loved ones the best year ahead #HappyNewYear
Here I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023). Also I'm open for any corrections or suggestions you'd like to share with me.
GRM is breakout most awaited trendline . latest Stock support on most important level hwich are tested in previous period. current breakout is looking great with volume check.
After Bear rally from last 3 weeks, Bank nifty trend is now reversed and now it has continued its uptrend. My analysis for upcoming week for Banknifty. It will be sideways to down trending for day of 30 Dec 2023 as today was the breakout of important psychological level of 43000. In order to become bullish again Banknifty needs to retest this level again so more...
Price is consolidating and also it is near to the trend line resistance. Sell below 4576 with the stop loss 4620 for the targets 4530, 4485 and 4440. How you manage emotions during market hours decides your ability to protect your profit. Buy above 4660 with the stop loss of 4620 for the targets 4700, 4756 and 4808.
Chamanlal Setia Exports Ltd. giving MONTHLY trendline breakout. targeting for 175 mid-term. with 115 SL.
# PNB Bank after a continous fall has consolidated for nearly 02 years. # Stock has formed a double bottom pattern on the monthly chart. # Does not good on fundamental. But certainly there is an improvement. # CMP- 54, Immediate resistance is at around 66-68 and support at 26.
Looks like the support it took yesterday, more chances for gold to move towards 1835
Bank nifty showed a bounce from the trend line despite low volumes today. Buy's(on dips) can be taken if it continues to show bullish momentum.
Shree Cement Cmp 23271 dated 23-12-2022 1. Rectangle Consolidation breakdown below 23200. Sell below 23200 for target 23000-22800-22500- 22300-21900 SL 23750 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...
Chart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd...
JINDAL STEEL & POWER - Strong monthly close above 577.80 will lead to bullish in upcoming months. 1st Level of strong monthly support is 530 to 500 range. 2nd level of strong monthly support area is 380 to 500. wait for the monthly close above 577.80.