Today's Nifty Gann Angle Support and Resistance for Day Trading are: R1:15907 R2:15970 R3:16033 R4:16097 S1:15847 S2:15826 S3:15763 S4:15700 Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any...
Nifty has been struck in a range and has been consolidating for a while. It has reacted previously from 15930 levels and currently not able to cross 15930 levels once again. Today or Tomorrow when ever we will have breakout either up or downside, may give a good opportunity for a good trade. Buy Nifty Strictly above 15935 with SL 15900 or Short Nifty Strictly...
After a continuous strong rally from $70 to $900, TSLA has been pausing for a while on profit booking and consolidating. TSLA has formed Double Bottom pattern and is trying to come out of its consolidation. Our Bull Power Bear Power Indicator is showing a strong buy signal on weekly chart suggesting that slowly and steadily Bulls are taking control in TSLA. ...
Gold has been correcting for some time and touched a low of 0.618% of its previous rally and getting support at 0.618% levels. Gold is slowly coming out of correction mode and slowly its gaining momentum and resuming its uptrend. Bull Power has crossed Bear Power upwards which is showing Bulls are now taking control slowly and steadily. Once Gold resumes its...
This week Ajanta Pharma had a weekly breakout and also had a multi year breakout. This may be beginning of a very long bull run into this stock for next several years. Someone may buy at current price with SL of 1989 for next 8 - 10 years for multi fold returns. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study...
BalKrisInd seems to be exhausted at higher levels and may be ready for a correction. To take advantage of correction and counter trend swing, Short Sell BalKrisInd Strictly Below 2280 with SL 2295. Target open. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational...
PidilitInd is trending in uptrend but it seems to be exhausting slowly at higher levels and ready for reversals. Reversal would be confirmed only when Hourly candle closes below 2180. Till Then we will wait. Short Sell PidilitInd strictly below 2180 with SL 2188 Target open. Disclaimer : Trading is never ever recommended as it is injurious to mankind....
BankNifty has been under pressure for a few days falling continuously. Every rise in BankNifty is meeting with selling pressure at higher levels. But it seems some strong hands have been buying also at lower levels and not letting it fall as it should be. For Day traders the following are the Gann Intraday Levels as per Gann Angles for Tomorrow 2nd July 2021....
Havells has been in downtrend for a while with some little success to take it higher. Every rally has been having selling pressure with each rising rally and is being under tremendous pressure. But it seems sellers and short sellers are not in mood to take it further down and are about to start short covering. Bulls have been waiting for other operators to start...
Short Sell MGL Strictly below (SB) 1154 with initial SL 1170 Targets T1: 1124-30. Options Buyers please buy 1100PE PUT options Strictly when Future price trades below 1124 not now. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your...
VEDL has been consolidating in a short range and is ready to take a leap. Its on the verge of rising any time soon. Buy at market or any price with SL 263 and hold for atleast 15-30 days for good results. Target open. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for...
HDFCBank formed a large candle and is now consolidating with in this large candle for a few days now. Within consolidation, it has shown a good strength even during down market and traders grabbed every opportunity to buy at lower levels. On weekly chart, Bull Power Indicator has crossed Bear Power Indicator showing that Bulls are now convincingly in control and...
Buy 2 Lots of Banknifty@34750 and Short 1 lot of Nifty Future@15700. Hold till expiry
On weekly charts Naukri formed Double Bottom and is ready to come out of its consolidation. Its dangerously poised for a Big Leap in coming days and months after breakout. This is a long term bullish pattern and for taking positions for a minimum of 6 months to 12 months period. Targets are much higher
AAPL has been consolidating in a range for a while. On weekly charts its been observed that its ready for breakout and ready to take a leap upwards for a very long term. Weekly breakouts are not meant for short term trading. When we get a breakout on weekly charts, usually it lasts for 6-12 months. Disclaimer : Trading is never ever recommended as it is...
KotakBank is looking weak on charts. Exit if you are long or Short Sell KotakBank between 1773-77 SL 1790 Target open. Hold this position for 5-10 Days. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades...
Short BPCL@market(483-85) SL 487. Target open. Exit before market Close Today.
Reliance has been bullish for a few days and Today it has a breakout on Hourly chart and seems like it has picked momentum and speed on 4th gear. Buy Reliance@2250-55 with SL 2220. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your...