IEX Ready for Big move ?A strong breakout can trigger if it give weekly close above 165.
The day this stock starts moving, there would be no looking back.
Weekend
NIFTY STILL HAS SOME STREAM TO GO UPWARDS BEFORE HEADING DOWNNIFTY is moving in uptrend channel for almost last 8 trading session. There seems lots of good chances for everyone in this of market.It will be interesting where market moves and reacts to earnings season ahead.
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on.
From the high to a 30% correction, the stock is slowly inching its way up.
Forming a double bottom pattern, the current price is hovering near the neckline.
Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards.
The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels.
As always, keep a SL at 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
NIFTY 22nd JULY 2021 Expected LevelsAs seen a very bearish in the market for the 3 consecutive sessions, still market is not looking in good mood for the Thursday. Reliance still looks strong, it may take the NIFTY into bullish, because 23rd is the big day for the heavy weighted stock of the market. The other side HDFC is week.
Here are the Support and Resistance levels for the NIFTY
R1-15669
R2-15702
R3-15724
R4-15744
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S1-15606
S2-15566
S3-15528
S4-15459
SIEMENS - Simple Price actionThought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k.
Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.
GBPAUD ANALYSIS FOR THE COMING WEEK.We see price rejection off the 1.748 area(a key area on daily timeframe) after the successful downward rally. we looking for the bounce back to 1.7830. allso have to be cautious of the downside below 1.748 area for the fake out before the main move to the target.
[Intraday] L&TFH Weekend lvl 13 Long TradeWeekend lvl 13
Long above 122.35, SL PDL
PDL = 118.40
If gap up or down, follow 5m ORB.
[Intraday] GODFRYPHLP Weekend lvl 8 Short TradeWeekend lvl 8
Short below 1120.25, SL PDH
PDH = 1153.90
If gap up or down, follow 5m ORB.
[Intraday] BHARATFIN Weekend lvl 6 Short TradeWeekend lvl 6
Short below 1077, SL PDH
PDH = 1092.40
If gap up or down, follow 5m ORB.
[Intraday] CGPOWER Weekend lvl 7 Short TradeWeekend lvl 7
Short below 45.10, SL PDH
PDH = 47.35
If gap up or down, follow 5m ORB.
[Intraday] GODFRYPHLP Weekend lvl 6 + Doji Short TradeWeekend lvl 6 + Doji
Short below 1072.10, SL PDH
PDH = 1095
If gap up or down, follow 5m ORB.
[Intraday] NMDC Weekend lvl 10 + Doji Short TradeWeekend lvl 10 + Doji
Short below 112.80, SL PDH
PDH = 115
If gap up or down, follow 5m ORB.
[Intraday] ITC Weekend lvl 6 + Doji Short TradeWeekend lvl 6 + Doji
Short below 294.15, SL PDH
PDH = 297
If gap up or down, follow 5m ORB.
[Intraday] PETRONET Weekend lvl 10 + Pin Bar Short TradeWeekend lvl 10 + Pin Bar
Short below 227.55, SL PDH
PDH = 233
If gap up or down, follow 5m ORB.
[Intraday] TATAMOTORS Weekend lvl 5 + Inside Bar Short TradeWeekend lvl 5 + Inside Bar
Short below 187.75, SL PDH
PDH = 195.40
If gap up or down, follow 5m ORB.
[Intraday] GRASIM Weekend lvl 8 + Doji Short TradeWeekend lvl 8 + Doji
Short below 775, SL PDH
PDH = 796.90
If gap up or down, follow 5m ORB.
[Intraday] RAYMOND Inside Bar + Weekend lvl 6 TradeInside Bar + Weekend lvl 6
Long above 761.55, SL PDL
Short below 739, SL PDH
If gap up or down, follow 5m ORB.
[Intraday] MANAPPURAM Weekend lvl 5 + Inside Bar Short TradeWeekend lvl 5 + Inside Bar
Short below 111.35, SL PDH
PDH = 114.75
If gap up or down, follow 5m ORB.
[Intraday] DABUR Weekend lvl 6 + Double Inside Bar Long TradeWeekend lvl 6 + Double IB
Has been falling from past 6 days without breaking PDH. Now it has made two back to back inside bars near support zone.
Long above 426, SL PDL
PDL = 421.30
If gap up or down, follow 5m ORB.
[Intraday] HDFC Weekend lvl 10 + Inside Bar Long TradeWeekend lvl 10 + Inside Bar
Has been falling from past 10 days without breaking PDH . Today it made an inside bar near support.
Long above 1874.95, SL PDL
PDL = 1858
If gap up or down, follow 5m ORB.
[Intraday] MARICO Weekend lvl 7 + Inside Bar TradeWeekend lvl 7 + Inside Bar
Has been falling continuously for past 7 days without breaking PDH. Today it has made an inside bar. The previous day candle has shown good rejection from bottom.
Long above 339.65, SL PDL
Short below 333.50, SL PDH
If gap up or down, follow 5m ORB.
[Intraday] DHFL Weekend lvl 6 Bounce from 100~lvl + Inside BarWeekend lvl 6 + Inside Bar
Has been falling continuously for past 6 days and finding some support near 100 lvls. Today it has made an inside bar, so we can expect further downside or a rally on intraday basis.
Long above 123.70, SL PDL
Short below 113, SL PDH
If gap up or down, follow 5m ORB.
