This analysis is only for educational purposes, Invest at your own risk!
The price had reached and bounced off its bottom most support and started its uptrend
The price may head up to the resistance line at around 2977 INR.
Taking a long position at around 2510 INR and holding till the price reaches aroung 2800 INR can be profitable.
The ON BALANCE...
This stock is in good consolidation period from last 2 months .Now as we can see there is a big support for this stock @260 levels and a breakout is expected above 300.50 for 1st target of 320 nd second target of 346...Best part is stock is taking perfect support @ trendline...
Hope you like the analysis...Ask your questions in comments
I'll use my monthly view post to take weekly analysis forward
There are interesting things to observe.
1. NIFTY has crossed previous intermediate high of 9889.05 of April last week. This makes it in firmly uptrend.
2. NIFTY is in uptrend on daily and weekly trend.
3. It is now...
HAVE BEEN IN UP TREND IN HIGHER TF BUT THE SUDDEN FALL IS DISCOURAGING.
ANYWAYS IF IT TAKES GOOD SUPPORT AT WEEKLY/MONTHLY PIVOTS THEN IT SHOULD CONTINUE UP.
ALL THE BEST....!
PS. I AM EXPECTING AT LEAST 3 TARGETS ON BUY SIDE
After the downfall stock is continuously giving positive move and there is strong upside move.
It is facing resistance to hold above 255 level but soon breakout possible if you catch it on lower trend line grab it.
Buy @250 - 255
Target 1- 260
Target 2- 265
This trade is given for short term(Swing traders)
After 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...
[ 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...
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...
The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.