Weekly Review: The Nifty 50 closed at 19,564.5 gaining +1.2% from the previous week. The Index closed on a positive note supported by 150 points rally on Friday overpowering bears majorly supported by a +4.3% rally in the Nifty IT index. The index stayed within a tight range of 19,333-19,516 in the previous week. On Macro Economic front, India's CPI surged to 4.8%...
Flag and pole breakout Interesting volumes First target somewhere around 480 and post that 500+ is imminent Expecting a big move before June ends which will ensure momentum continuation
Nifty the benchmark is currently placed at 38.2% retracement along with 20 ema on the weekly chart! The 17500-17550 zone has multiple moving average clusters . the trend is still strongly in favor of bulls the index is placed at trendline support too. the major concern: the open = high candle formed due to poor infy results is a pain point. talking...
IDFC first bank getting ready to become the next UCO Bank Good pullbacks pushing out the weak hands, towards high Consistent volume giving confidence. SWING SHOT
FInNifty looking bullish! Expecting a big upside move before expiry this tuesday i.e. 20th of June. Good volumes on monday will take it beyond 19600 hopefully. Very hopeful here! Expecting support from all retailers' sentiment. Fingers crossed
Nifty Levels for coming Week If 18600 is Broken then we will see Levels of 18450 to 18260 coming in 5-8 days {Probability 35%} If Nifty Takes Support at current Levels & upmove is started we will see 400 Points Rally in coming 5-8 Days {Probability 65%} Important Levels on downside ... 18650 - 18550 -18450 -18300 Important Levels on upside ... 18680 - 18800 -...
Here I do a weekly analysis of the benchmark indices, broader market, sectoral indices as well as some key global data points.
Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone. If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside. Currently, the candle formed is bearish and hence, it is wait and watch....
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Stock is placed at 200EMA on weekly tf. It is in consolidation phase since many week's. Needs good volume to move towards 300 levels.
Wonderla had given weekly breakout of IVHS pattern almost 1 week back and has consolidated from then. Today, it has given breakout from ATH and looks bullish for a swing as well as a positional trade.
As we seeing in chart that the if market breaks 18180 and trade below it for next 15 min timeframe then there is chance of market to go and touch 18000 in next 1 hr, so i m going to short the market below 18180 and if it goes below 18180 and instantly comes back above 18200 in 15 min timeframe then i go for the target for 18440 in next 1hr. ...
Powergrid weekly chart MIGHT breakout at all time high, Stop loss at 230, Fibonacci targets are 265, 285, 315 OR trail using bollinger bands. Add more if price breaks out and retests 240 level. Safe players can make positions once it retests.
Early signs of trend change on weekly chart in LATENT VIEW LTD, Make positions when you see strength in lower time frames (1H, 4H). Add positions in the range of 350-360. Stop loss at 345, Target1 in the range of 400-425, Add more if weekly price holds at TG1 for TG2. OR JUST USE 20 EMA FOR TRAILING.
It's my personal view. This is for educational purpose only. This is not buying or selling recomendations. I am not sebi registerd.
Watchlist #SYNGEN (W) Ready to ATH high Breakout ? Breakout will confirm above 710 1- Positive chart structure 2- Horizontal Resistance of 650++ days 3- Weekly Resistance of 90++ weeks Keep on Radar. #Disclaimer:-View shared it for educational purposes only.
Many people think we need levels specifically for Intraday Trades. We actually do not need them but just the weekly levels are enough. We just need to access the trend as of the previous day and the support and Resistance market is taking in Intraday to identify the trades. These levels can be calculated below 1. Take the last 3/4/5 number of Days of Close ( No...
TECHNO is perfectly symmetrical triangle pattern on weekly time frame. Closing and sustaining above 346 can lead to a massive upside rally in coming days.