RAMCO CEM is in uptrend. The stock had hit levels of 664 earlier and had bounced back. But has been range bound.
The stock and market both have shifted to uptrend so look at a buy opportunity at 641 and sell at around 710 in 7-9 days.
Stop loss at 610
Note - Do your market research carefully, and trade well. This is NOT an investment or trading advice.
BANK NIFTY Trading is always in high volumes.
Its very important to understand the entry and exit levels for same.
Candle Sticks and candle patterns give us a good view of the future trends and thats how I derive data.
Upper Range 20550
Lower Range 19750
Lets talk about more ideas.
bitcoin trend will have change soon to can drop down. properly i can't say that but i think who we can look the trend line , to after touch then maybe this trend can be down below
ICICI is forming Inv HnS with favourable volume profiles, favouring the long side breakout, as already given in a previous analysis (used harmonics last time)
Technical Aspects :
YesBank - Bearish Bat
AxisBank - Channel Breakout ( will fail & range again, just My opinion )
SBI - Bearish Cypher
So as of now our technical aspects point downside...
Fundamental :
Not literally fundamental view, based on macro news,
YesBank - Lesser NPA than Axis & better next to HDFC
AxisBank - High NPA among privates
SBI - Banks...
Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction.
Monday - Technical Glitch & 100 points Up
Tuesday - Bit of range then closed near pullback...
Another chapter in TataSteel Love Story :)
Let's keep aside Tatasteel for a moment. Consider this as some very random chart of unknown scrip X, we have perfect ABCD pattern finish & even if you do with Fibs there will be very good fib formations around our expected reversal zone, RSI being oversold another reason in kitty. Usually to take a trade we look at...
M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion.
Entry: two part entry at 1283 and 1277
SL conservative: 1260
SL aggressive: 1271
Target: 1323 and if like part booking 1310 is a option
Expected hold period minimum: 5days.
Entry 1280 Average entry 1283 & 1277
SL ...
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.
On verge of Breakout:
1. Hindpetro
2. South Indian Bank
Successful Breakout:
1. Hexaware
2. SRF
Regards
