NIFTY is forming Cup & handle pattern on 15 mins time frame. It has following important zones for tomorrow 1. 15680-15700 (Daily TF resistance zone) - Once NIFTY sustains above this level, we have possibility to have move to next resistance zone. 2. 15850 (15 mins resistance zone) - This is big hurdle for NIFTY as there is huge gap above it. 3. 15400-15380 (15...
SUNTV is trading in a range and above 451 looks bullish. It is also forming W pattern on daily chart. Thanks Piyush Gupta Learn & Earn
Crude was moving in Rising Wedge Pattern as indicated by blue trend lines. Rising Wedge is a bearish pattern and today Crude broke the wedge and gave a good 270+ points move. Story of Crude continues as it formed series of horizontal steps (support & resistance zone) through out its journey. All these zone (highlighted in yellow) have been respected multiple...
PIDILITIND has formed beautiful Head & Shoulder pattern on daily timeframe. It looks good shorting opportunity for intraday below 2092. For positional trade, it has to close below 2050 on daily candle then we can look for entry with 2120 as stop loss. In case of gap down tomorrow, wait for retracement to take trade as at level suggested this is low risk...
DELTACORP has broken its long term support line (blue) and looking weak. It has small support at 205 and below this level it looks weak till 201. If this manages to close below 200 on daily candle, then it can see good correction in coming days. Intraday: Entry@ below 205 Target@ 201 To be avoided in case of gapdown below 204 on Monday unless it does pullback to...
IPCALAB has formed beautiful inverted Cup & handle pattern which is bearish in nature. It has closed at neck line (around 900) and can give breakdown in next trading session. This is intraday trade until it closes below 890 in next trading sessions. Best move possible if Nifty opens gapup & moves down in the initial first half. Entry @Below 897 Safe Traders@...
TORNTPHARM has given bumper 10% move with volume today and has closed at important resistance. If it manages to cross 2930, then it can do gap covering. Entry @ Above 2930 Risky trader @ Above 2920 In case of Gap up opening above 2930, wait for pullback to these levels for entry. Thanks Piyush Gupta Learn & Earn
LTI like all other IT stocks have been in bear grip for mast 2 months. It broke important support at 4450 and continued it fall. This has given a pullback to support area which acted as resistance and has continued its downfall. After consolidating for few days, it looks ready to continue its down move. Entry@ Below 3960 Risky traders@ Below 3990 Thanks Piyush...
GODREJCP is testing is support zone at 750 repeatedly. There are high chance that it breaks it support tomorrow for possible short trade. Sustaining below 745-748 is very critical as false breakdown are common to trap traders. In case of gapdown, wait for pullback till 745-748 and once stock start falling, it will give good RR trade. Entry below...
METROPOLIS has today given a volume supported breakdown. This stock is in continuous downtrend and has been breaking multiple supports. Before the current fall, this has given perfect golden ratio Fibo retracement. Weekly chart view Volume for today was approx 4 times is usual trading volume. Trade levels 1 Flat opening In this case, stock looks weak below...
RECLTD has broken is long term support at 116 and given a weak closing with volume. For Monday, if this trade below 113 for 15-20 mins, then it can give intraday move. In case of gapdown, wait for retracement back to 113-114 level before taking again at dip below 113. In case of gapdown and no bounce back to above mentioned level, ignore it Thanks Piyush...
3400 is major level for TCS and from the chart it looks that TCS is again going to test this level. It as broken its short term previous support around 3450 and now heading to 3400. Levels are mentioned for entry & target. Entry below 3430 Safe trader below 3425 Target 3400 Thanks Piyush Gupta Learn & Earn
Titan has given breakdown from TL (blue) and is testing its previous support level(2360-50) If this gives closing below 2350, then bears can take it over. Tomorrow is crucial day for this script as there will be lot of struggle between bulls & bear. Scalping trade can be initiated below 2370 till 2350. Thanks Piyush Gupta Learn & Earn
M&MFIN has been trading in a channel for last 15 months. It also has strong horizontal zone at 174 which acted as both resistance & support. M&MFIN recently completed Pullback & Continuation and bouncing towards upper TL. Entry above 184 Thanks Piyush Gupta Learn & Earn
POWERGRID has formed Flag breakout pattern. Even last month it form Flag breakout and gave move equivalent to height of the pole. With possibility of retracement to breakout level, person can take entry either on pullback or above 233. Thanks Piyush Gupta Learn & Earn
RBLBANK is testing 122-120 zone again & again. Below 122/120 this is very weak and can go to 2 year low levels. Entry @ below 122 Safe trader @ below 120 Can be carried positionally if closes below 120 Thanks Piyush Gupta Learn & Earn
BANKNIFTY has been in a range 37300 to 38000 for last 1.5 weeks. It has closed at lower level of the range which coincides with important Fibonacci level. 1 - If 37300 is broken then BNF can travel towards 37200 (gap filling) & further to 36900. 2 - If on Monday it sustains above 37350-80, then it can bounce back to 38000 level. 38.2% retracement has acted...
BAJAJ_AUTO has been on radar since last week and it has given breakout of mid term Trend Line. Above 3755, this can be good intraday pick and if sustains above 3800, can also be picked for short Term. Keep it on radar for next week. Thanks Piyush Gupta Learn & Earn