Babul_Priya

Babul_Priya

Traps are very common moves played by big players at accumulation and distribution levels. They do so to grab the liquidity from retail traders. Liquidity grab is done by SL hunting of retail traders, and for SL hunting traps are being lay by fake breakout or breakdown of support or resistance level ( also known as accumulation or distribution level in western...

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After a big move NSE:ITC has retraced and is bouncing back from 50% of fib level. 1) 460 acting as a resistance level from Aug. 2) This resistance level has been broken with flag and pole pattern or simple after consolidation and with high volume candle NSE:ITC must take support from 460 and next target can be 480 and 500. Keep it in your watchlist and...

Babul_Priya Updated 

At a crucial support level. With rejection candle at the low of the wave. After a green candle conformation trade will start with target of 503 as first target, 520 as second.

Babul_Priya

After a strong upmove it's been consolidating since Feb and with decreasing volume(remember volume is very important in the consolidation phase). Present time it is moving at it's resistance price and struggling to give breakout but is failing for the past three days. Red candle closing below 1471 will set a new downtrend up to 1290. Strong breakout candle will...

Babul_Priya

Analysis for the same was posted on 22nd May. Do go and check out that analysis from the link posted below. For any query do post in the comment box.

Babul_Priya Updated 

ONGC at the resistance line as well as 200EMA on weekly chart. Keep it in your radar, because you know how it going to fly after breakout of such a very very strong resistance line. If it breaks it will BOOM. One can also see the increase in the volume in the recent weeks.

Babul_Priya

IDFC is at their AOI. having multiple reasons for taking position price action + indicator. reasons: 1. at trendline support 2. at 200ema support 3.bullish candle at AOI 4.RSI divergence 5. MACD bullish crossover. I think this much of the reasons are enough to take trade hahah. Usually more conformation leads to confusion about trade but very rarely it is seen...

Babul_Priya

Check my previous analysis for the same.

Babul_Priya

SAIL has given a strong sharp move from 67 to 151 with high volume. Now it is in it's consolidation phase past 50days with low volume. RSI has also a pattern while in consolidation phase. Once BUY gets activated SAIL is going to be rocket again. NOTE: Volume while consolidation/accumulation phase always plays an important role. . . . . Comment below for any query.

Babul_Priya

BPCL is respecting the trendline which is there since OCTOBER 2020. And also has retraced up to 50%. After a formation of bullish candle stick, buy signal will get activated for good target with good R:R. For any query comment below.

Babul_Priya

IndusInd bank at very crucial level, its taking resistance since 2018. But this time it seems that it can break it. keep it on radar. if resistance get break than a new bullish rally can be seen in it. Please comment for any query or suggestion

Babul_Priya

ICICI can open gap up. If ICICI open gap up, than it will easily give 1.5% target in first hour only. 637 can act as a resistance, but as soon as this level breaks or price open above 637, than this one is easy target for intraday. Leave the comment please.

Babul_Priya

How many was able to track this breakout????? Same level was acting as a resistance since JANUARY 2018, and this price resistance became a major resistance for TATACHEMICAL. Here each candle is for a month and it can be seen that for about 6-7 time candle took resistance over the same price. A simple price action analysis no rocket science in it. In the month of...

Babul_Priya

TATAMOTORS gave a very good profit in short time, as expectation shown by my previous analysis post. One can book the profit here because it's in overbought zone and also after such a good rally some correction is expected. Very big candle formation in weekly chart also. Book the profit and enjoy. Do your own analysis before taking any position. Comment for any queries.

Babul_Priya

TATAMOTORS gave a very good profit in short time, as expectation shown by my previous analysis post. One can book the profit here because it's in overbought zone and also after such a good rally some correction is expected. Very big candle formation in weekly chart also. Book the profit and enjoy. Do your own analysis before taking any position. Comment for any queries.

Babul_Priya Updated 

TATAMOTORS on a very crucial level, after a big rally it has retraced up to 50%, and now again it is taking resistance on its strong resistance zone. Keep it in your watchlist. The day it will break the resistance, a new rally will be seen in TATAMOTORS and soon next target price will be up to 200. Do your own analysis before taking any position.

Babul_Priya

Stock is in a very good place, it has consolidated for sometime, given breakout and retest also done. It can make a new high from here, RSI is also in good position. It can face a small resistance over red line but it will not to too enough to stop it. Keep it on your radar, it will give a good profit. Do your own analysis before making any position.

Babul_Priya

Keep close eye on this, it can give a good profit in short time. It is in my watchlist for last 5days. Today was the good day for intraday trader in ZEEL. Do your own analysis before taking any position.