Uptrend
GMM PFAUDLER buyers should wait for some correctionAfter the pandemic of COVID-19, this stock has recovered amazingly and it is in a clear uptrend.
In the daily chart frame, we can see this is in the consolidation phase and there should be some correction remained in the stock. Personally I feel like the stock is quite overvalued in the current situation. If it takes support on 3408 levels and bounces back I suggest you see the chances for buying opportunities at that level.
LONG POSITION ON INFOSYS[ b]This analysis is only for educational purposes, Invest at your own risk!
INFY closed at 652.30 on Friday with relatively low volume near its Support line
An uptrend can be seen in the ON BALANCE VOLUME INDICATOR
Using the pitchfork an uptrend can be spotted in the price too
A long position can prove to be profitable by buying in at 652-653 Range and targeting around 670-685 range
The percentage profit should be based upon the risk taking capabilities of an Individual
ALL THE BEST TO EVERYONE !
Cheers!
Nifty seems to undergo in more downtrend !!The time frame is 3H.
As per the current sentiment of the market, it is highly probable that nifty gets into a downtrend after the 20% recovery of the market.
PS- Its my personal view on Nifty 50.
If the pandemic situation gets more worst( which looks to be sure), chances arises to see lower levels of nifty in the future.
It's better to keep invest in every dip of like 100-200 gaps which I do.
Pro tip- In the current unstable market, it's always better to have some cash in hand and not to invest the total amount of your account.
Banknifty - Daily - Buy - SwingBank nifty after reaching a low on 24Mar2020.
It rallied and formed a higher low on 03Apr2020.
It again rallied and formed 2nd higher low on 16Apr2020.
PriceAction - Forming a series of higher lows, sign for an uptrend.
Good for a swing trade with reasonable Risk Reward.
IBULHSG Weekly ChartCurrently in a downtrend. Looking to form a base. It is better to be patient and wait until the trend reverses.
double bottom breakout with strong volume.There is double bottom breakout and the uptrend got faced resistance around 295. The stock might see some correction till it's support but technicals suggest a long view in different time frames. Can be bought on corrections for positional gains. Check the levels according to you.