The previous week marked a consolidation at a higher level for BANKNIFTY and we also saw a significant divergence between NIFTY and BANKNIFTY. The trading zones of 25540-25640 served as a supply zone for buyers and trading there or above that range should be a candidate for a pullback trade. On the upside a conclusive break above 25750 needs to be supported by...
Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600. Daily retracements and volume supports taken for Stop loss and target levels.
Institutions seem to be accumulating Aarti Industries above 50 DMA of 1132.
RHFL- new 50 day high , can lead to momentum up move
800Weekly breakout in Dredging crop, hugh volm . SL 800
Biocon seems to be under accumulation above 50 DMA today as volumes of 3M are above avg volumes of 2.3M. Can be bought with a stop loss @ 597.
NSE:SUNPHARMA has gained 5% on NSE with 4 times its average traded volumes and have closed just above Ichimoku Kumo High, classifying the stock in bull phase. Buy MAR FUT SUMPHARMA above 582.1 with stop-loss of 576.0 and Target 1 at 587.65, target 2 at 592.70 and Target 3 at 599. Can hold the stock if closing above 600 for levels of 620
Look to SELL SUNTV @ 906.80 with Stop-loss of 935 and Target1 of 866 and Target 2 of 830. As Suntv has broken cloud with good volumes and there is a possible bounce back in stock. Wait for the bounce to complete and only then take a position. Only take a call after consulting your financial advisor.
Acc/Dist and OBV showing good buying interest and bullish divergence.
Trading below significant selling zone is not good for bulls. Friday selloff in last half hour was in marked selling zone making this zone a real tough wall to climb. Finally 10360 has become a Laxman Reka to look out for.. (Volume data seen on other sites)
Banknifty broke significant accumulation & volume zones of 25500. This will hold as a hurdle now. Till that point or about downside of 25050 look for short on rise or breakdown #banknifty
will like to accumulate in range of 540-550 for targets of 580 , 595 , 603
Just like BitCoin Bubble, Ripple is sending same negative signals. We can clearly notice the Volumes are dropping and RSI negative Divergence. Book your profits at right moment
Long Hind Copper. Rise in copper prices can lead to up move
we can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
Stock has given a 52 week breakout with good volume
Symmetrical Triangle Break Out. EMA Cross Over With Volume. Price Above EMA. Other Details Mentioned In Chart. I am not SEBI Registered Financial Advisor.
For #Banknifty the levels of 25720-740 spot is the new make or break zone. A move above that can lead to positional targets of 26000 & 26200. trading below that expect to large consolidate until 25450 breaks convincingly. Options data suggest max pain at 25500 for this week. this would imply that we may likely consolidate. Good idea would be to sell a calendar...