DIXON TECHNOLOGIES made head and shoulder pattern in Daily time frame and also in hourly time frame.. Wait for Head and shoulder pattern breakout.. for short term trades Stoploss below 5389 Target 1 : 5845 Target 2 : 6045 Target 3 : 6195 for education purpose only...
ADANIENT facing resistance at all time high levels near 1760-1790. after knocking for many times now resistance may get weaker... Fibonacci also shows it is taking support at 23% retracement level, wait for closing above 1740-1760 then it may give good returns in short time...
Godrej Properties taking support at 200EMA and consolidating in a small range with improving RSI, gives a good risk-reward trade here.. We can buy above 1890 with a stoploss of 1829 and targets of 1960, 2110 and 2230
Fibonacci retracement levels shows after a steep down fall in Bharat Forge, now it has retraced its 50% Fibonacci level.. now it looks like it may continue its down trend..
Bata India formed double bottom pattern between its 100 EMA and 200 EMA, we can long here with stoploss below 1819 for a target of 2025. It may face resistance near 1920 and 1960, Once it touches 1960, we should trail stoploss to 1919 and after touching 2000, we should trail our stoploss to 1960..
Banknifty after breaking higher end of Ascending Triangle pattern now looks perfect to go long with a very small stoploss of 35375 for target of 35900 and once it sustains near 35900, it may touch 36200-36250 levels..
AARTI IND gaining strength after consolidation shown RSI crossover of 100 SMA, now trading at higher end of range. We can enter trade here at 1005-1010 with a small stoploss of 975 for a short term target of 1065 and a higher target of 1114 for positional view..
NESTLE INDIA consolidating in 5% range since last 3 months..
COLPAL for long side trade, wait for consolidation breakout above 1475/- Levels in Chart
after sharp correction in October, HUL consolidating with falling trend line resistance in November-December also shown bullish divergence in RSI.. So, up-move expected from here, wait for trend line breakout
Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up.. Its Technical indicators also shows some weakness, 1) RSI crossing down its 100SMA, 2) Stochastic RSI shows bearish cross down
December Expiry for Bank Nifty might be trendy as it consolidating within nearly 3% range since last 9 days.. Option Buying might give a Jackpot trade tomorrow.
DRREDDY after sharp fall due to weak Q1 results, now consolidating with descending triangle pattern. Took support near 4450-4490. now lets see whether it breaks support or bounces up to break descending resistance line..
ESCORTS Purely ultra short term trade for 2-3 days.. wait for Head & Shoulder Pattern Breakout... Buy above 1845 Stoploss Below 1829 Targets are : 1869, 1885, 1895 If it crosses 1900 then one can hold for bigger targets..
1st Short idea of this week, and its a MIDCAP IT Stock.. Strange🤞🏻!! MIDCAP IT was firing last week but now LTTS showing some weakness at 61.8% Fibonacci levels.. indicates some profit booking for short term.. It is a risky trade as per current trend.. So, we may play it with a strict stoploss at 5401.15 (recent high).. and if it favors then we might get our...
wait for Head and shoulder pattern necklinr breakout, might give 4-5% targets within a week.
We might see a pull back to 38900-39100 before Weekly Expiry of 18th Nov, If It survives downside support levels of 38100-37900.. Might get a Jackpot trade on Expiry if we get a sideways market on Wednesday..
Nifty Chart levels, price action and important levels after a steep fall on Monthly expiry..