Joel-Jose

Joel-Jose Updated 

Daily Chart - Price is at resistance with a wide-body candle and wide range volume. while the price is forming higher highs at the support area. Yesterday's Closing candle is called Bullish Marubozu candle (which means no upper shadows or wicks). Also, Resistance tested multiple times.

Joel-Jose

NSE:HDFC Positional Analysis: Weekly chart – price bouncing off from 200EMA. Next major resistance at 2000. Daily chart price near resistance and 200EMA at 1941. Breakout possible with a strong close above 1938

Joel-Jose Updated 

NSE:TITAN Keep Titan under watchlist as price can give a good breakout after price moving in a range. Currently price is holding resistance at 1025 levels. Enter if price breaks resistance level.

Joel-Jose Updated 

NSE:MARUTI Price is forming a rising channel and price is taking support at the channel's lower trendline. Next major support is at the swing low of 6545 if holds then price target can be above 6500. Short term trade: Enter - CMP, Stoploss: 5764, Exit: 6454

Joel-Jose Updated 

NSE:TECHM 591 turning resistance into support. Hammer candle with low volume indicates that the sellers are not interested in moving the price further down. (May consolidate before moving up). Entry can be at current market price, Stop loss can be at 558 or 578 and Exit can be a new high.

Joel-Jose Updated 

Today NSE:NIFTY formed a spinning top and closed below 200 Moving Average. Previous data suggest that at this price level, NIFTY will see a selling pressure tomorrow. Only to find support at 11160 - 11120. Look for a strong reversal candlestick pattern at these levels and also price crossing above 200 moving average to indicate a short change in trend. Next...

Joel-Jose

NSE:WIPRO on a Daily chart The current market price is at 264.20 and the candle formed on a daily chart is spinning top which clearly is an indecision candle. Also, the price closed below 200 Moving average which clearly indicates sell. 255 is clearly strong support and if the price reaches the level look for buying opportunity with any reversal candlestick...

Joel-Jose

Wednesday NIFTY50 may hold resistance of 111431, slowly selling pressure will kick in moving the price to a strong support range of 11150 -11130 and then move back to a range of 11700. Swing Trades do not look for buying opportunity until NIFTY 50 finds strong support and reverses.