Though the price has made a lower low in BANKNIFTY Future, but the RSI has made higher low; which shows a Bullish Divergence on the Daily Time Frame. And according to my experience, it is rarely seen that Bullish Divergence fails in a bear market.
All the levels are mentioned on the charts!
I see a strong support @ 33500 levels...
The market is continuously falling from past 6 trading sessions. I am definitely not looking to sell aggressively, but i would definitely buy aggressively if BANKNIFTY opens a big gap down. Or starts taking support @ the levels mentioned.
All the Levels are mentioned on the charts!
I see a strong support @ 33550 levels...
The market is continuously falling from past 6 trading sessions. I am definitely not looking to sell aggressively but i would definitely buy aggressively if BANKNIFTY opens a big gap down tomorrow. Or starts taking support @ the mentioned levels.
Reliance is stuck in a symmetrical triangle from past 3 trading sessions.
One can take an intraday trade in it on either of the sides; depending on where it breaks out.
2166-2194 is a no trading zone, once the stock breaks and sustains below or above these price ranges one can go short or long respectively for a target of 2150 on the lower side and 2210 on the...
Accumulate Capacite Infrapro (185-200), for a target price of 250 and 270.
The stock has already given a breakout from a long term TL acting as a strong resistance long time back and also confirmed the supporting TL after that.
Right now the stock is trading near a Resistance area of 200, if it sustains above 180 levels for a few more days; the target can soon be...
Bajfinance is very weak below 5350-5360 levels. An intraday trade on 21st feb was also given in Bajfinance which gave a very good target.
I am still very bearish on Bajfinance as it has formed a gravestone doji again near that supply range and that too with a good vol.
Also the stock has formed a H&S pattern in longer timeframe and is right now retesting that...
The stock is in a Downtrend, and can fall drastically after retesting the levels of 5560-70; as it is most likely to act as a major supply zone for the stock
One can anticipate a target price of 5400 in a shorter time frame.
Key Levels are mentioned on the chart:
- 3450 is a major resistance; there is a high probability that the stock might start falling after retesting it.
- One can also short it if it gives a breakdown below the TL; and can achieve a target of 3300.
Overall, i am Bearish on HeroMotoCorp.
Note: Don’t just enter into the trade blindly let the levels come first, then...
Do not take the Sl; what i have observed from the prior price action of Burger King is that it corrects approx. 0.786 from its swing high, before continuing the rally.
Also, the stock is seen to have a good delivery % from past 2 days; ie: above 50% everyday. So when everyone is accumulating the stock then why are you scared of taking it as a delivery and hold it...
The stock is in an uptrend and is creating a base @ the support of its 50EMA; also there is an ascending Trend-line that would act as a major supply zone in coming days.
Buy @ 151 for swing
Sl @ 149
Tgt1 @ 156
Tgt2 @ 160
The intraday setup was provided on 9/2/2021
The stock behaved exactly according to the pre- mentioned levels on the chart.
-Opened exactly at the Resistance @ 1035, and started falling from there.
-Then took a support @ 1020; and later break it as well.
-Finally the stock created a double bottom pattern @ the strongest support of 1000 and retested its prior...
IndusInd Bank can be traded according to the setup.
The stock has a very strong support @ 1000 as:
- It is a round level
- It is a major supply zone for the stock
- It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp.
But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is...
KEEP IT SIMPLE
One can trade according to the setup provided;
Go long if the stock breaks the Descending Trend line which is acting as a resistance, for a target of 322 (tgt1) and 330 (tgt2)
Or else go short on it for a target of 305
ZEEL @ a very crucial support of 215; the stock has taken support from this level many times.
If the overall market is bullish tomorrow; the stock can retrace back (0.382) to the levels of 225-230.
Also, i am not considering 215 as a strong support only because of the strong demand zone, but also due to the support provided by 50EMA & 200EMA in multiple timeframes.
Today i took this Intraday Trade in Bajaj Finance; and there were some psychological and Discipline aspects that were related to this trade. So i thought why not to share those key points that could transform you’re trading style completely:-
Always Trust your gut and analysis, Never Ever Doubt It.
Always keep a Sl and a Target; and keep on trailing the Sl...
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Trade was given on 25th January’21
—- Trade is closed in profit on 2nd February’21 —-
Sold @ 1000
Bought @ 835
Lot Size = 300
Profit Booked = 49500 (20%)