Godrej Consumer Products has broken above the falling wedge, having taken support of its 200 day EMA. The stock has now also moved above its 100 day EMA, indicating bullishness ahead, which is confirmed by the bullish divergence between its price and the RSI oscillator.
Observations: 1. After facing resistance at the central line yesterday, Nifty could break it in the final hours of trade today. 2. Nifty has also formed upswing today which can push Nifty to the next resistance level, which is at the upper band of the downward channel. But do remember that this is all happening within the downward channel. . 3. Once the...
After being trending, BANKNIFTY remained sideways as expected and analysed now BANKNIFTY has been trading at very crucial range of 1000 points and hence for further trend to decide BANKNIFTY has to breach and sustain on either levels First level being important psychological level and resistance being 35100 and important support being 34000 Unless this range...
KotakBank Cmp 1736 dated 21.12.2021 SELL 1. Bearish Candle Sticks. Sell when lows of last 2 candles is broken which is 1720. Sell for a tgt of 1690-1665-1650-1625 SL 1760 It is just a view, pls trade at your own risk
Grasim Cmp 1636 dated 21.12.2021 1. Taken Support at the trendline. 2. RSI Divergence. Buy for a tgt of 1670-1715-1750 SL 1600 It is just a view, pls trade at your own risk.
In addition to earlier posts of Bank nifty & Nifty midcap 100 indexes, nifty smallcap 100 touched upper trendline. Time to be cautious ?
Similar to Bank Nifty, Nifty midcap 100 index touched multi-year upper trend line. Time to be cautious ?
Will stock market undergo another crash ? Let's wait and watch. But it's time to be cautious. Bank nifty hit upper trending channel, coincides with the 2008 and 2020 crash
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Today bank nifty created the inside bar candle and didn't break the previous day low, although we had bear run, price showed some rejection at H1 BB. we might have either side way bull market or some bull run until it reach the Daily FVG/ GAP.
Hammer followed by a bullish candle. Levels mentioned on chart. SL based on closing basis.
Piramal Enterprise Cmp 2463 dated 20.12.2021 1.25 pm Buy PEL for a tgt of 2470-2490-2505 SL 2430 It is just a view, pls trade at your own risk.
Nifty 50 following a channel let see what Nifty does in next weeks sessions
Chart is self explanatory. I would only recommend buying in small quantities at a stocks support level. If the support level is taken out, wait and see if it is creating a new pattern. Do not invest in stocks when a pattern or channel fails. Wait and observe! ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!
BANKNIFTY spot on hit 34000 and fell over 1500++ points in single day as per our analysis but now it is standing at confusion state as it had been trending since last few days now and hence created multiple ranges that BANKNIFTY can stuck to ! Hence no new selling position is advised unless 34000 is broken below! We can expect another sideways market in coming...
TATA STEEL Above 1068 Target zone ,1084,1098,1114 Below 1064 Target 1052,1045,1037