Uptrend
ICICI BANKICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above 420 we can see the next level of 445, 480 and 490.
At 490 major correction expected and suggest to exit all position.
Breakout could see good upsideTrendline breakout
Could c a target of 3800 if market supports
Have started OUTPERFORMING from nifty(relative strength)
FIVE CONFORMATIONS SETUP ON HDFC LIFE !!!Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend).
Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels).
Timeframe used : Daily.
Target : 640-650 or trailing SL.
Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
Tatamotors ReversalTatamotors has been on an uptrend after the March lows. It has very well crossed the 200 SMA with good volumes. It is retesting the 200 DMA as well as the new trend line that it has created. If the markets go green today, I'm pretty sure Tatamotors will continue its uptrend. Also the Stochastic RSI is showing oversold. NSE:TATAMOTORS
Target: 150
SL : Just below 200SMA on a closing basis.
RPG Life Science Indicates Upside on Chart and Balance SheetAs Pharma / Chemical sector is in trend, this company is at promising levels on chart and possess good fundamentals.
nifty at support zone !comment below which side nifty will break
if nifty will break down a major fall is possible but if nifty pull back from 11000 it will be sideways to uptrend
RELLIANCE IN CORRECTION!it's a ELLOIT WAVE ANALYSIS!
FAIR value:-2310.57 / stock trading on:-2211
This analysis is for EDUCATIONAL & INTELLIEGENCE pourpose,Trade at your own risk!
Bought GRASIM ---- Volume & Resistance Breakout i was banned for violating house rule so i am republishing again without any alteration
Bought @ 667.90
target @ 733.25
lot size = 950
points gain = 66
Jubilant food works: Analysistheir is a breakout in jubilant food works i have been tracking this stock for few days now and waiting for this breakout to take palace.
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Best stop loss would be below the immediate swing that is at 2240 levels.
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Trade with calculated risk, next best entry after retracement at 2319.
Massive volume in Federal Bank on 28th AugustBSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.
Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00
Expected Federal bank to reach next level of consolidation from the next trading week.
Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.
Buy Tech Mahindra @ CMP of 726Buy Tech Mahindra @ CMP of 726
Target - 736, 746 SL - 716
(Resistance at 730 - 732.2 Zone)
Stock is moving in up trending channel. Expecting continuation of trend after retracement.
Trading near trend line & Moving average support.
A strong momentum in in ZEELZEEL is showing a strong momentum. Once can go long for positional trade.
