Since 15th April Apollo Hosp was trying to break this range and finally was able to break yesterday.
The entry was supposed to trigger today on break of 1507, but it couldn't sustain that level.
Tomorrow if apollo sustains above 1507, buy with SL at 1440, there are multiple resistances at 1544,1580,1616. These can be considered as targets.
Also BAMM got...
Adani Ports fell continuosly for 9 days and stopped at harmonics reversal zone of 311.
Made low of 309.6
The next day it made inverted hammer and today hammer.
View is to long about the high of hammer
Long above 320
Highest OI is at 350 CE and 320 PE.
expecting it to close in between this range
Once in profit of 3-4 rs can sell 335 CE to...
there are two ABCD reversal patterns one at 10971 another at 11112. XABCD also forming at 11098
There is also a resistance around 11100
In hourly it has given a breakout. So my trade would be -
Buy on break of Friday's day high (around 10935) with SL at 10860.
At 10975, either book profit or move SL to cost as it is a potential reversal zone.
If crosses and...
Bharatforg is forming a HNS. Can be a good long on Monday if crosses 390.
Immediate target is 410-413.
As per the pattern final target will be around 465-470
Highest OI is at 390 CE. From OI, it may not be able to cross and sustain the price. Let's watch.
Safe entry is to enter after closing above 390
Disclaimer: I am not a SEBI Registered Analyst. This...
TechM reversed from a harmonic level(635-640) and made a bullish engulfing.
Next day it made an inside bar and closed below the resistance at 607.
Aggressive traders can sell below day low of engulfing bar(599) for target 583 with SL 606.
Safe traders can sell on low of engulfing bar which is 588 and trail to cost when it goes 583 (there is a support),
There was a harmonics sell zone from 940-945 and it couldn't sustain that level.
Now if it breaks today's low, it will go for gap fill on downward.
So sell on day low's break with day high as SL and target can be 850-860
Expecting Infosys to retrace gap fill and then start the upward journey again. It has given a BO from 850 levels
Trend is overall positive. I...
As per harmonics 0.886 levels it can reverse which is at 1260
Sell at 1255 - 1265
Target at 1240,1200
As per chart you can see it has given a BO from trendline also the highest OI on put side is 1100 PE.
You can sell 1100 PE and pocket 14 points which is sureshot with expiry in another 2 weeks.
Margin - 2.2L
Add 1340 CE to it and another...
As can be seen from the lines in the chart, 20900 has been acting as support since last few weeks, Banknifty has touched it multiple times and reversed and on the upside resistance is at 23000.
Based on this view, 20800 PE and 23100 CE of 23rd can be sold.
Credit per lot will be 62 and 72 as of today closing but Monday opening the price will differ.
After falling for consecutive 6 days, a bullish pin bar was seen, which clearly suggested that price is getting rejected from bottom.
Today it closed above the pinbar which suggests a reversal with bullishness in Banknifty.
If banknifty supports RBLbank can reach target within a week.
Once entry is done and in profit, better to hedge with 180 CE sell to maximize...