Breakout above 15150 gives flag BO Target till next resistance 15200 / 15250
BankNifty consolidated today after a good rally making a bullish flag if sustains above 34350, bullish momentum continues. else if flag broke down, then gap filling possible.
USDINR bearish flag if breakdown then 72.85 else if BO of the inclined Trend line, then expecting 73.14
14950 is a weak resistance now. It has tested thrice. its a equal high - higher low trend. expecting a dip at 50% FIB level of latest rally i.e. 14798, which may act as immediate support. Trend is positive though it has not yet broken out of the range or parallel channel it is making since 2 months. ( Caution expected ) Buy the Dip will be my strategy. I can also...
Aksharchem inverted head and shoulders with good volume Breakout candle
Nifty showing negative short term trend Below 14650, it may give targets of double top 14451 Above 14781, it may start a short term uptrend
Nifty seems to become volatile in this expiry. 14800 being the support and 14900 resistance, though major resistance is 150000. If somehow it manages to break any of it, it may give us the direction, till then See-Saw play. Also, global cues are negative, I may stay away with no trade. 14765 is the neckline of the Head and Shoulder pattern which can be seen...
Break out above 623 and 666 may give targets of flag length : 285 points
Happiest Mind Flag pattern Small target shown when flag breaks out.
Nifty Showing Bearish Divergence with RSI and Stochastic. May be there would be a correction and take support at 14860 and if we see a Breakout above 14950 with volume and/or gap-up then upside till 15050
Anupam Rasayan Every 50% retracement of the rally, this stock is going up. Flag and pole patterns.
Hind copper - Metal stock Metals are already shining in market Here is another metal stock Broken out and at all time high with volume. Only concern is that it is in channel, though buy on dips is the strategy.
Nifty formed a Bullish Candle on Weekly Timeframe and a Doji on Daily Time frame. It has still not broken out of the channel. Maintain Caution at higher resistance levels ( 14850 / 14900 / 15000 ) Hrly TF - Bullish hammers one after other, indicating bullishness in the price. Blue trendline shows short term uptrend, if broken, then price may find immediate support...
Glad that Cup n Handle of Happiest Minds almost reached 5 times target. Published first on Feb 14, 2021
Nifty closed above the Bearish candle's high ( and that Bullish harami pattern ) confirming bullish reversal. Target 1 which was set yesterday achieved. If Nifty stays above the current level, target 2 : 14800 can be achieved easily Call writers moved to 15000 safe level too. Contrarion View : If Nifty reverses from this level, then major support is seen at...
Nifty formed a bullish hammer ( also showing bullish harami pattern ) at 50 EMA in Daily TimeFrame which can be a reversal sign. Hrly Time Frame shows W pattern, again a reversal sign. Considering expiry day tomorrow, it might show some volatality in the morning hour / a slow upside and then reach 14700/14800 level. Though resistances need to be watched as we...
ITC has been holding the 200 Level since Dec 2020. Level has broken today and retested, ii may be a good short for the Head n Shoulders Breakdown target.