Go Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5 Reasons to go Long: 1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see...
multiple bounce from demand zone range 5800-6000 multiple touches on down trendline from correction 7700 can see bounce back towards 7000-7500 levels in next 3-4 month if 6000 holds on weekly and monthly closing above 6000 levels .low risk high return possible .on bases of down trend channel breakout .
BankNifty Analysis - Stance Neutral ➡️ BankNifty opened inline and was looking quite decent till 10.07. The fall that came after that took out 559pts ~ 1.16%. Not quite sure what triggered that fall. Due to this, the impact was felt even on Nifty50. NiftyIT was roaring green at one end and then BankNifty underperforming at the other. 4mts chart link Remember,...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open - which did not make any sense. The rejection...
Indus Tower breaking trendline #resistance #weekly basis with huge volume breaking 200 week ema also EDUCATIONAL IDEA
For Educational Purpose.. ⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased ⚠️ No Buy Sell recommendation, do your own Analysis. #MADHAV IS READY TO BUY LONG - SMALL QTY - Near 52W High - 71.7 - After 5 Year Breakout - on Montjly chart showing W Pattern - Last 2 Months Volume massive - 2008 Trendline 2023 Waiting Time 3-6 Months Long Above (Candle...
Affle India has given a cup & handle breakout. Cup & Handle is much reliable pattern in technical analysis. But still never trade without SL. Note: Volumes are good in weekly but not so good in daily. This means that SL is important and it may take a longer time for the target. CMP : 1204 Breakout level: 1185 SL: 1110 Target: 1340 Disclaimer: I'm not a...
SPARC | Technically very good setup to capture a 50% rally in short term Trendline + W (Double bottom) CMP : 226 (Dip : 200) SL : 180 Target : 335
On day chart WOO has a confluence in range 0.28 - 0.3 this zone is combine of Golden Ratio and Ascending Trend Line So I think this range is good for support Bullish Trend Wait for confirmation to trade
considered this analysis is my journal, not buy sell recommendation Tata Power formed a flag pattern in daily time and weekly frame highly bullish pattern, stock in a strong up trend after a short pause again it is breaking out entry above the flag upper line stop below the flag lower line
As we can see NIFTY got rejected exactly as we analysed and showed unidirectional upmove as the trend line which previously acted as a RESISTANCE has now acted as SUPPORT hence as long as NIFTY maintians itself above the trend line, every dip could be a buying opportunity until a sharp fall closes below the trend line which could potentially start the new trend...
ZEEL is in the verge of Triangle breakout. Please refer the above chart for expected Targets and SL. Good for swing trade and as well as long term Holding. Please analyze before taking any trade.
Current market sentiment suggests a slightly bearish stance as Nifty is trading higher than its 200 EMA
the stock performed weekly breakout and get retested at the neckline. ENTRY@1125 TGT@1380 SL@1075
The chart looks good because of following reasons: 1. Crossing above all EMAs in monthly, Weekly & Daily TF. 2. Breaking out of Parallel Channel 3. Near previous swing highs 4. Good Volumes near top line of parallel channel. 5. Good reward Ratio Tomorrow's weekly close will decide whether the plan is activated or not.
Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index. This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day. Major support levels :- 21420, 21300 If there is a flat or gap up opening wait for the bearish price action as market...
Bitcoin After Yesterday’s Slump There was a false breakthrough on the daily line, This is also close to the pressure level of about 48,000 above. Therefore, the next month or so will be more critical days. That is, the triangle convergence of the daily line, And there is a false breakthrough at the high level here to lure bulls. I think this side might form a...
entry above the line stop below the line stock in a bullish trend, after consolidation again breaking out stage 3 to stage 2 transition ( Ref Stainweinstein's secrets for proofing in bull and bear marke)t