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 )
Intraday pick for Tomorrow - 27-12-2021 stock name : TATAPOWER Time frame : 15 minutes Wait for proper breakout and retest for entry. For more trading content follow us on ( @tradechefofficial )
INDUSINDBK | Excellent trendline and RSI breakout - Potential for 80% - But can take months CMP : 1130 (Dip : 1070) SL : 950 Target : 2000 1:4 risk reward setup. Can consider it like Investment pick and ride it long time
ASHOKA | Triangle breakout ahead - Potential for 60% CMP : 116 (Dip : 105) SL : 95 Target : 190 1:4 risk reward setup
Long until it breaks trendline.
Take help from the the chart breakout can happen in it and target will be blue line if it breaks out enter in the trade and SL will be below that trend line.
COSMOFILMS | One more Cup & Handle chart similar to MANAPURAM, HDFCLIFE CMP : 444 SL : 420 Target : 560 (Fib) or open Courtesy thanks to @agganpat - Tradingview community member. Discussed about this stock and i checked the pattern.
Trading volumes and Q3 statistics will support a break out zone near 2600. Timeline: Jan'22
Nifty is giving breakout on friday seems promising breakout ,the bears managed to hold market below the trend line till last dec expiry but now bears look missing so my view is bullish on nifty for next week though the banknifty is week compare to nifty .
CDSL Cmp 1487 dated 30.12.2021 1. Channel support @ 1450 2. RSI Divergence. Buy for a tgt of 1540-1590-1625- SL 1440 It is just a view, pls trade at your own risk.
BANKNIFTY had been trading in a range for more than 2 weeks now and now trading at crucial range BANKNIFTY did closed above 35000 and now 35000 is acting as a strong support and hence till BANKNIFTY sustains above 35000 we can initiate buy orders, good move is expected if breaks above 35200 as it will not only break the range but also break the trendline above...
Levels mentioned on the chart. SL based on daily closing.
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...