1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels. If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels. 2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300. So...
BAJFINANCE CURRENTLY TRADING NEAR ITS STRONG SUPPORT AREA , EVERY TIME IT TRIES TO COMES CLOSER TO TRENDLINE IT RETRACE BACK AS SHOWN BY TRENDLINE & STARS. IF THIS TREND HAS TO CONTINUE STOCK HAS TO MOVE ABOVE 3320 ZONE AND ONCE SHOULD ENTER LONG ABOVE 3321 FOR UPSIDE TARGETS OF 50,100,200 PTS . OR IN CASE THIS TIME TRENDLINE IS BREACHED AND STOCK MOVES BELOW...
From the last few trading sessions it is observed that AXISBANK was trading in a range and forming triangle pattern between the resistance and support levels. Green trend line is acting as a strong resistance shown by green dots and one could enter long if that trend line is breached and axisbank moves above 441. Similarly, lower red trend line is acting as a...
LT LOOKS WEAK IF MOVES BELOW 855 FOR FURTHER DOWNSIDE AROUND 870-73 SEEMS RESISTANCE FOR IT AND IF ANYHOW CROSSES THE LEVELS ONE SHOULD REVERSE THE POSITION AND GO LONG. TOMORROW OPENING WILL ALSO DECIDE WHERE IT ID HEADING TOWARDS AND PRESENTLY LOOKS LIKE LT HAS HIGHER CHANCE OF MOVING DOWN ONCE.
ENTER SHORT IN RELIANCE FOR DOWNTREND SL LEVELS WILL BE AOUND 1435-38 IF DID'NT CLOSE ABOVE 1435 STOCK MIGHT TEST 1380-1400 LEVELS.
GO LONG IN MAHINDRA & MAHINDRA AS TRENDLINE IS BREAK RECENTLY HINTING POSSIBLE MOVE UPSIDE TILL CLOSING ABOVE 330 LEVELS.
All Levels Mentioned on Chart. Grasim is trading below the trendline support and expected to move down further.
MENTIONED ON CHART
ALL DETAILS MENTIONED ON CHART
ASIAN PAINT STOCK SELECTED FOR YOUR LEARNING AND VIEW. DO SHARE YOUR VIEW ON HOW IT WILL REACT FROM THIS POINT ? WHAT WOULD BE YOUR CALL, SHOULD YOU GO LONG OR GO SHORT ? SHARE AND COMMENT PLEASE !
Market might be busy creating trap for traders looks like heading towards 10300. Nifty is trading below the first support line and moving towards the next one and if closes below might moves for lower levels around 10300-250 else bounce back from here. This is my personal view, Feel free to share your opinion in the comments section. Stay Alert! Invest Wisely!
Axis bank might show some good movement, have to wait for the confirmation. Enter trade when price gives breakout above or below white line. Enter Long above 710 for upside of 734 & 750 with stop loss of 688 Enter Short below 689 for downside of 665 & 649 with stop loss of 711 *recommended for positional trade.
Enter Long in HCTECH as expecting to move high, considering breakout of trendline. Enter long above 981 for upside levels of 995, 1020 & 1040 looks safe as far as 940-30 levels is not breached on closing basis. *Recommended for Positional Trade.