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Weeklysupport

#BULLISHENGULFINGPATTERN in MARUTISUZUthere is a formation of bullish engulfing pattern in Maruti Suzuki on the weekly time frame if auto sector gets some boom it will definitely gonna reverse from its support we need to continuously check the auto sector performance made vulnerable because of CORONA and keep an eye at MARUTI SUZUKI and if it shows some correction then 50MA gonna cross 200MA which would give Golden-CrossOver then it is must-have position stock for swing trade but for now, volumes are not satisfactory for having any long position lets wait for few more weeks
NSE:MARUTI
by Manish_Mangla
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER +200/-200 ARE CONTRA ZONES/REVERSAL ZONES EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP MY VIEW ON LEVELS NIFTY BOUNCE EXPECTED 10490 10930 THAT IS STILL 1000 POINTS FROM CURRENT LEVELS STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS (ANOTHER REASON FOR MARKET REBOUND)
NSE:NIFTYLong
by manavtechresearch
PEL | Weekly SupportPEL seems to respond to a critical Weekly support. Risk-Reward favors a long trade. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:PEL
by AkhilSuryaFS