NMDC - An underdog metal stock. An Underdog in Metal sector. Moving swiftly and quitely. Comparison weekly chart between NMDC & Nifty50
Nifty Fed fear - Wait and watch Or trade as per the chart
Nifty Indecisive - Wait & watch - Do not trade event. Nifty at a confluence crucial point of downward trend line support from life high and upward trend line 15200 lows.
Nifty Bullish - Fed Rate hike fear - one can skip a trading day and wait for the news to absorb
Nifty Daily Analysis 19092022 Looks bullish wrt to OI and FII long data.
Naukri - Lower end of the channel on weekly basis - target 5780. RR is 3% to 10 and 37%. SL is weekly closing below 4100.
Perfect Fib retracement at 0.61 on weekly basis. Break out successfull. One can add here with SL as 1530 on weekly closing basis. RR is 10:50
IEX long term target 490 Good RR. Consolidating for past 3 months in a box. Add in tranches SL should be 145 on weekly closing basis.
#autoind - Approaching 9 year BO at 123 target 240. Can be added near 80 levels - Recent retest level. SL weekly closing below 65.
Looking good #GPPL at 87 - 88 levels. Good for holding long term. BO on weekly basis and retest is also done.
Reliance Power - Multi year Break Out at 25. Add at re-test of 16 to 18 for target of 33 and 40.
Tech Mahindra Moving out of channel. One can target 1500 plus.
Intellect Design - 1:20 RR - Can target 1000 Superp and multiple support at 580 levels.
Nifty weekly forms Evening star - Pull back expected till 16500. Bearish below daily & weekly closing of 17350.
Look like Break out after consolidation with rising volumes.
If you look at Reliance Chart - you will realise that it has retracted approx Rs. 270 (10%) from recent high and taking support at 0.38 Fib retract levels. Given the news of Reliance-Aramco deal in back burner - I hope the fall is compensated and as we saw on Thursday Reliance closing in positive vis -a-vice Nifty's 0.75% fall. If overall Nifty supports than we...
It has broken out of previous resistance with good volumes.