It is very crucial trend line on chart keep eye on volume and this trend line breakout .
EICHERMOT | Trendline breakout - Looks potential for 15% CMP : 2590 SL : 2520 Target : 2990 1:3+ risk reward setup Can expect target to reach within January 2022
MFSL bouncing off from its support zone. Long above 990 with SL below 950 with target swing high .
USD CHF is trading near it's demand zone. Expect the price to hit the 0.91000 level and wait for reversal confirmation. US dollar is expected to bounce up as visible from the demand zone in my other post and thus the USD CHF is expected to be bullish
Levels mentioned on the chart. SL is based on closing.
Indian Bank at levels from where it bounces back from. If you were interested in investing in Indian Bank, now is the time to amplify that interest. Buy also keep the overall market volatility in mind before investing. ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!
The stock has given a clear breakout, no doubt on this front. But in doing so, it has reached overbought levels on the 1hr, 2hr, 4hr and daily timeframes. It still has a lot of momentum left on timeframes lower than 1 hour. So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an...
GBP USD in a downward trend from Early May 2021. The current Exchange rate is near the resistance trendline at 1.35830 which also happens to coincide with the 0.618 Fibonacci level for the recent swing. Also, The DXY has also reached the demand zone and expected to rise sharply in the coming week. Once the price ranges near the 1.35830 levels, wait for reversal...
We are using 44EMA, 200EMA and SuperTrend...!!! This is a supertrend with slight twisted concept which can be very benefecial in strong trending markets to reduce stop loss distance and exit slightly quicker.
Nifty on Monday will fail to break the trend lines and should fall back till 16625
Trendline, support and EMA confluence. Good consolidation with low volumes. Can be good swing long trade. Levels mentioned in chart. Follow strict risk management.
As per daily chart of HDFC Bank, it looks good for intraday above 1485 with stop loss of 1461. Those who are looking for long term investment, they can buy HDFC Bank with closing basis stop loss of 1412. HDFC bank has given break out in the daily time frame.
COLPAL for long side trade, wait for consolidation breakout above 1475/- Levels in Chart
after sharp correction in October, HUL consolidating with falling trend line resistance in November-December also shown bullish divergence in RSI.. So, up-move expected from here, wait for trend line breakout
Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up.. Its Technical indicators also shows some weakness, 1) RSI crossing down its 100SMA, 2) Stochastic RSI shows bearish cross down
December Expiry for Bank Nifty might be trendy as it consolidating within nearly 3% range since last 9 days.. Option Buying might give a Jackpot trade tomorrow.
NSE:NIFTY Bull finishes its 21 months at the end of 2021. Nifty formed only 5 red candles during this phase. 22nd month of bull phase begins with 2022. Fibonacci channel shows the level to watch in the 22nd month is 16,135 as the final support level to bull phase.
Intraday pick for Today - 31-12-2021 stock name : DEEPAKNTR Time frame : 15 minutes Wait for proper breakout and retest for entry. For more trading content follow us on ( @tradechefofficial )