DayTradersIndia

DayTradersIndia

NSE:SBIN is nearing to all time high 543. It reached the previous All Time High (ATH) resistance zone and trendline resistance level. On Jan 28th it showed the rejection from top with good bearish candle and Jan 31st it forms a good bullish candle. Based on the market direction take the trade.

DayTradersIndia

NSE:ICICIPRULI Formed Rising Wedge Pattern. Also It's trading near Major S/R Zone. If it falls below 537, we can expect good fall. Else it will continue inside the pattern. It can also reverse from trendline support or major S/R (537) zone.

DayTradersIndia

NSE:DABUR Two major chart patterns at same spot. It forms Head & shoulders pattern which suggests more fall in the stock. At the same spot, stock is taking major Trendline support. If it breach the trendline support zone, we can expect good and quick fall in the stock. But if it takes the support, we have to wait for direction confirmation.

DayTradersIndia

NSE:APOLLOTYRE trading near major S/R zone. If Market continue to fall we can expect good down move. It can also good upside move too. Note: The fear about new Corona variant would affect the upside movement of market. Keep your ears open to the new NEWS to covid restrictions.

DayTradersIndia

NSE:ADANIENT is set all time high just 2 points above previous high. Now trading at resistance zone. It could give a blast above 1720 or it will give some fall and continue to travel in the channel. Wait for the direction confirmation.

DayTradersIndia

NSE:SUNTV Trendline & Channel Breakout/Reversal It's trading near dynamic resistance zone. Breakout & Reversal both are possible. Wait for the confirmation of direction. Don't fall for the traps.

DayTradersIndia

NSE:GODREJIND is trading near major resistance zone. It's showing rejection in the resistance zone. Keep an eye to confirm the direction. If it gives a breakout with good volumes, we can expect upto 700. Reversal also possible (Harmonic pattern also suggests reversal). Wait for the direction.

DayTradersIndia

NSE:SBICARD Simple Ascending triangle breakout pattern Wait for the breakout. Keep an eye on volume. If breakout happens with good volume we can enter into the stock.

DayTradersIndia

NSE:STAR is trading near major support zone. Also the 38.2% of the fibonacci level lies in that support zone. which indicates the strength of the bulls in that zone. but we can also see that it forms a Descending triangle pattern which indicates more fall in the stock (Theoretically). Do your own analysis and wait for the direction.

DayTradersIndia

NSE:GAIL is standing near support zone. If it takes the support we can expect the breakout from the trendline. Major S/R levels are marked. Do your own analysis and plan your trade.

DayTradersIndia

NSE:SMSPHARMA - Two ascending channel patterns (one long period & one short period). - Breached long period channel and retested the top channel. - Still traveling inside short period channel. - SMS pharma is a good bet but wait for the good entry. Note: Personally waiting for some dip. It never had a major fall after the recovery from April 2020.

DayTradersIndia

NSE:SONATSOFTW breakout from flat channel. - Retesting the support line - Good stock for short term trade. - Keep an eye on it.

DayTradersIndia

NSE:CANBK Self Study chart Currently trading in ascending triangle pattern. Keep an eye on it....

DayTradersIndia

NSE:BIOCON Self study chart. It's in consolidation phase after falling from ascending trend channel.

DayTradersIndia

NSE:GMRINFRA breached trendline resistance. Now retesting the trendline support. With good volume it can move up.. Keep an eye on it.

DayTradersIndia Updated 

Hindalco is looking good. It's nearing to major trendline resistance. It's trading with good volume. We can expect a breakout above major trendline. Also we can't ignore the chance of reversal. Keep an eye. ** Always do your own analysis before taking any trade.

DayTradersIndia

NSE:APOLLOHOSP forms rising wedge pattern which is a bearish pattern. If it breaks the lower trendline then it can give good move on downside. ***Do your own analysis before taking any trades

DayTradersIndia Updated 

NSE:TVSMOTOR is perfectly respecting the supply and demand zones. So wait for the good movement in TVS motor. If it crossed the major 504 level with good volume, we can expect good upmove. Levels are given in chart. currently it's trading with low volume. Wait for the right moment to take the trade. *Do your own analysis before taking any trades.