Trend Lines
HDFCBANK Rising Channel1305.50 above Bullish HDFCBANK.
Rising Channel
... Resistance number 1305.
Important to close above it.
Downside: 1108 if taking resistance at given point.
Upside above close 1305.50:
Targets: 1404.25 and 1501.50
at that time stop loss close base: 1225
Education Purpose Only
TCS: Parallel Channel. q TCS
Bullish above close 2300
Target: 2487.50, 2675
SL: 2140 close base.
Education Purpose only
JSW Steel Intraday Trade in AdvanceWeekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
MarutiPrice action is at the trend line support. Next support is at 6600 - 6620 level. Simple trend lines can show the trend direction.
DLF at breaout levelIf DLF sustains above 203 then it would go up to 220 and further up.
Next resistances marked on the charts
BergePaintThere may be consolidation / correction as earlier was single side move
Above the consolidation, it would move further
APOLLOTYRE-SELLCmp 162.50
Sl 166
Tgt 148.80
Strong down momentum.
Above write up is educational purposes only
Mishra Dhatu Nigam trade opportunity on 30 min chartIf it breaks below 50 EMA on 30 mins chart and sustain then it can go up to approx. 162 with stop loss of 182 and further down to 155 & 145.
if it respects the 50 EMA on 30 min chart then it go up to 182 with stop loss of 162 and above 182 it would create new highs.
At each support or resistance watch for candle stick patterns like continuation pattern or reversal pattern, and in these case either trail your stop losses or cut your position & book profit.
AFFLE - breakoutThere is breakout with gap up and long bottom wick, expecting some correction.
Already there is higher high and higher low formation.
AMARAJABAT - BUYAMARAJABAT - BUY
Current market price: Rs. 658.40
Stop loss : Rs. 646.60
Target : Rs. 728.4
Risk Reward: 1:6
On daily chart there is strong support, buying momentum increases and pullback is weak.
ICICI Prudential - at life time highThere was double bottom formation and it gave wonderful return after that.
According to trendline too there was breakout.
Now it is at life time high. Any correction would give buying opportunity
InfoEdge (Naukri)Naukri is already trading at near recent life time high.
Seems like it is in a range, there are was huge selling volume on 8th nov.
It may retract to lower levels on previous supports or as per Fibonacci levels.
Need to wait for the buying opportunity
Siemens in RangeCurrently Siemns stuck in a range. It can go either up or down.
As per current market trend, it should up but no one knows.
HDFC AMC - Nice Chart - Strong uptrendHDFC AMC making higher high & higher low, it is in uptrend since long time. Expecting it to move further.
I would like it to buy at next correction which would next higher low :), will wait for that. Current levels also good to buy if you want to hold it for longer time period.
HDFC Life - Good Chart on weekly timeframeThere has been single side move on weekly timeframe since Apr 2019. Now expecting correct to happen at least till 38% (530) or 50% (494) Fibonacci levels, that would be good buying opportunity.
But not sure it would come to that level or not.
On weekly chart it is closed below 50 EMA
Possible Breakout in Ultratech CementThere could be break in Ultratech Cement if it cross above the trand line
Next Target could be 4425
ITC - Positive moveThere could further positive move if it crosses above the 200 EMA
Volumn is also good on last day
