Stock is at its major trend line as clearly seen in the chart. Look for strong candlestick reversal pattern on daily time frame or wait for small uptrend formation. This can prove to be a great risk to reward ratio trade with RR minimum 1:4. Trade only for positional/swing. Target can be 5% , 10% and 15% as per holding capacity duration. This chart analysis was...
Notable points: 1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now. 2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support. 3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area. 4.The...
Ambuja cement creating flag pattern on 15 min chart. But it is in uptrend on the daily chart It may hit a trend line (bold red line) and then show a good uptrend Buying opportunity may create within a week
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Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the demand and supply . Now its in perfect place for retracement can retrace upto around 975 Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss Take position only after getting buy...
It can give box Breakout for long position....It is also in very strong uptrend But Rsi is in overbought zone and macd also given bearish crossover.If it gives down Breakout good chance of going label of @3220 to 3180 . But stay away from shorting because it is in very strong uptrend and it is Against the Trend It is for only education purpose do self analysis...
Nifty View: Benchmark Nifty fails to hold onto early gains with which it opened today’s trade. A classic “Exhaustion Gap” on the 75min chart lead to follow-through selling for the rest of the session. At a close of 16,572 there is not much damage on a close-to-close basis, but yes some sign of slowdown which will appeal to the Bears. The underlying trend is still...
Bajaj Finance Already In Uprend From Many Months, Now After Day Breakout Consolidated Near Sypport Area And Agin Started To Take A Up Move. higher High Formation Done With Great Volume. Hold For New High. TARGET SEEM 6420-6500 FOR LONG, Once close above upper trendline then we can see a big move.
The RANA SUGARS is showing a good upward move by taking the support of Up Trendline & Support Line at 23, it was still in doubt until it gave the final breakout by breaking the Down Trendline.
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis. So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
Disclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: In volume profile we can compare the levels of volume at...
Disclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. VOLUME-PROFILE-: Can be used to identify potential accumulation or distribution...
Hello guys, Just came across this stock. The stock is taking support on the trend line. Can expect a consolidation to be more confident. This is only for educational purpose. Thank you.
BUY HDFC ABOVE 2685 SL 2620 DAILY CLOSING BASIS TGT 2870 / 3500 REASON: 1> Long Consolidation Break Out after an Established Uptrend 2> Consolidation Resistance Level has been already retested 3> RSI Sustaining above 60 Level 4> Good Expected RR Ratio
Nifty View: Benchmark Nifty index continues to show volatility as the index dropped sharply in the latter half of today’s session to test 16,200 again. Now with the recent 2-day volatility, one thing is certain - the short term support range of (16,150-16,200) is an important one and one can expect follow through weakness once this range is decisively broken....
Nifty View: Volatile trading session for the benchmark Nifty in today’s trade. The index oscillated within a range of over 100 points to close with a gain of just 11 points leading to a Japanese candlestick pattern which is known as “Spinning Top”. The underlying trend of the market is still very much up and resilient and considering the one-way rally that we had...
Nifty View: Benchmark Nifty decides to take a breather in today’s session, which is reasonable considering we had one big breakout to new life highs this week. At a close of 16,267, the index has just marginally slipped from its weekly high - a sign of short term consolidation and to gain some momentum headroom. The index is in a strong UP trend across all time...
Nifty View: Optimism continues as the benchmark Nifty extends the recent breakout with another positive session in today’s trade. So far this week, the index has gained over 520 points or 3.3%. And not only has it broken out to a new life-high, but it has also managed to do that with ease and held well without slipping down. Now at today’s close, a look at the...