There can be a bigger move on the downside and smaller move on the upside, trade accordingly.
Looks good for a steep up move in the coming days. 300 should act a good support on CLB.
Looks good for a swing trade. Can be traded in Futures or CNC.
Me - What should I say? Viewers - Nothing, everything is clear in the charts itself.
Good candlestick patter with high volumes
Taken good support from 50 & 100 EMA with above average volumes.
All the gas stocks IGL has not broken out. Forming a good triangle patter, must watch in coming days
1. We are little late to enter hence SL is a bit wide i.e. 253 2. Triangle pattern breakout has been done with some good volumes 3. 50% positions can be initiated now and rest 50% only upon any pull near around breakout levels
1. Price congestion at support level signal some accumulations by bigger hands 2. Formation off doji with wicks adds support to above intrepretation
Expecting some bullish positional move in the stock supported by - 1. Triangle pattern formation in process 2. Continuous formation of Hammers 3. HL & LH price trend 4. H&S pattern in formation
With the PSU Bank Index leading with high momentum and some of the PVT Banks like Axis & ICICI taking support from 50EMA, it seems like we are heading towards 35000+ in BANK NIFTY . As it could be clearly seen in the charts, BKNFTY has already given a Channel Breakout and retest of 32000 support level. Once it crosses and holds the previous resistance of...
Retail investors are advised to invest via ETFs and as per the price movement near to resistance.
Let's keep it simple and clear. Keep adding Large caps and Midcaps at good levels. We may see #Nifty16k soon.
1. Price has taken good support from 62.50 levels 2. After a pullback of ~ 38%. bulls have taken back the control which was clearly visible after the price broke out above the trendline with over an average volumes (in 4h + 1d time frame). 3. With PSU bank taking control of bank nifty, these mid PSU banks can also perform well.
Market is reacting to the bad quarterly results and traders are enjoying with short positions. Rest information is already there in the chart itself.
Thought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k. Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.
Fresh investment recommended at the bottom level of channel pattern for higher return. SL - all good until it holds the channel pattern (which is being held since past 1yr). Please like and comment, it motivates me to publish more of such.
All information are provided in chart itself.