1. Breakout from the accumulation phase. 2. MACD crossed above zero. 3. Increase in 10-day Avg Volume. 4. Price is retesting the breakout level. 4. Good time to buy with Tight StopLoss.
Poonawala Cmp 292 dated 12-8-2022 1. Triangle Pattern BO @ 295 2. Volume Rising. Buy for a tgt of 307-320-330-345-380 SL 265 It is just a view, pls trade at your own risk.
NSE: M_MFIN is looking to breakout out from the consolidation range. Today's volumes indicate demand and stock should move to previous swing highs in the coming days. The stock has been moving along with the trendline support over the past few days which is creating the uptrend. One can look for a 9% to 14% gain on deployed capital in this swing trade. The...
Important levels for 26/08/2022. For tomorrow we will watch spot chart and switch to Future charts after a couple of days. Once we break 17438 level, we can test the previous buyer reference area of 17290-17330. 17380 can act as a pullback zone and we can look to book some profit here and trail the positions for bigger targets. 17438-17494 is a buyer zone and any...
Important levels for 26/08/2022. Hope everyone had a wonderful expiry. As the contracts have changed, we will look at spot charts for a couple of days and then back to future charts. Once we break today's low the next reference to look forward for old buyer zone is around 38502 followed by 38319-38225. We can expect a slight support at 38680 regions. Safe traders...
After taking support at the mid of the channel at 530, we got the channel breakout at 560 And yesterday's movement with huge buying volume confirms the breakout
Emami Ltd 502 dated 24-8-2022 1. Inverted Head & Shoulder Pattern 2. BO above 496 already done. 3. Price Rise with Volumes. Buy for a tgt of 525-535-550-585 SL 470 It is just a view. pls trade at your own risk.
A classical Cup=and-Handle pattern is just completed. Volume is not that great, but moderately OK. The current level where it is closed is near a good resistance level. Trend is clearly up. If if breaks about the high of 164, boom. SL : 156. (Target: Honestly I am not getting .. going back to the chart not helping me). Just keep an watch on this .. if it goes...
Important levels for 25/08/2022. We now have had 2 days of almost same VA and seeing it get breached in the final 30 minutes. For tomorrow, once we break 17643 and see a 15 min candle close above it we can take longs and look for targets of 17690 and trail our positions till the previous seller reference of 17760-17834. On the downside, we can take shorts when...
Important Levels for 25/08/2022. Just like yesterday we saw buying that too with volumes pot 3pm and it being inside our old seller zone was wisely avoided. If we open flat and cross 38204, we can take positions for longs as the next seller reference zone at 39460-39688 as final targets. SL for this trade can be kept at 39120. Any gap down open and we can look to...
Important Levels for 24/08/2022. Shorting the index near current levels is a big NO for me as we do not see a good RR. If we see any pull back to 17600-17610 we can take longs but if we open flat we can take longs once we see a positive first 5 min candle. The next reference to look here is 17760-17834 zones. This is the only trade which looks feasible to me for...
Important Levels for 24/08/2022. The index opened well below the previous buyer reference area and moved up quite rapidly till previous day VAH before facing resistance and stayed thereabout before the final burst. Looking at the charts, we can decode that the buying volume has increased and 38310-38430 should act as a big support. The untested seller reference...
SBI making bullish engulfing trading above 50EMA can buy above 520 for trading purpose target can be 542 with sl 504 do your own research
Adani Green Cmp 2411 dated 19-8-2022 1. Ascending Triangle Pattern 2. BO @ 2450 3. Volume Rise. 4. RSI on urge of BO Buy above 2450 for tgt of 2550-2730-2840-2950 3200 SL 2220 It is just a view, pls trade at your own risk.
NYKAA stock is trading near an all time volume profile level. Consolidating in a triangle pattern.
Important Levels for 22/08/2022. The sellers look to have taken firm control in one day of selling, but market does like to spring surprises. 17920-17980 is a strong seller reference area and likely to see another round of selling when we reach these zones again. The closest selling area is from 17780-17823 but to be on the safer side longs should be avoided till...
Important Levels for 22/08/2022. One day of brutal selling and we engulf 3 days in one move. The big sellers are now concentrated in the reference zone of 39460-39670 and likely to sell again when the price reaches here again making it a great place to go short again. The nearest resistance area is between 38990 and 39210 and advised not to take any position as...
Net Cashflows into this market have not been this negative since the 3AC contagion.