Retailer_ki_dost

Retailer_ki_dost

Nifty trading at 11914. Looking positive. Many were assuming fall after doji formed on 08 Oct 20. But, as of now nifty is looking good. 1. First resistance is 12000-12050 both on chart & psychological. Slight profit booking may be seen if reaches there. 2. If goes up next resistance are 12250, 12400 3. If profit booking comes at 12000-12050, it may...

Retailer_ki_dost

Cipla was able to gain its 10 Aug 20 level in previous day session when nifty pharma was up by 2.5% . There still some space is left for pharma sector to cover on upper side. Considering this probability lets understand the cipla's possible moves. 1. Cipla is looking very good at this time and today if 815-820 hold we can see a rally towards 880, SL to be...

Retailer_ki_dost

NIFTY FRIDAY TRADING PLAN: Firstly, it is very evident that 11900 is a resistance and 11800 is a good support. 1. If price opens gap up above 11900 (which has less probability) and sustains this level, buy can be initiated 2. If opens gap down below 11800, a 50 points till 11750 move can be seen to fill the gap. If 750 breaks more pain can be seen. 3. If...

Retailer_ki_dost

Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit. If a bounce came from here and...

Retailer_ki_dost

BERGER PAINT gave breakout in PDS with good volume. - Buy can be initiaited if high breaks(610) Target 635 - Best buy if retraces to breakout level (600) - SL to maintained below 600 like 595, 590 according to your risk appetite On contrary side Shorts can be initiated only when 585 breaks (on swing basis)

Retailer_ki_dost

1. HAS BEEN IN GOOD MOMENTUM 2. SECTOR IS ALSO PERFORMING WELL 3. RESISTING AT ITS 0.618% (GOLDEN RATIO) LEVEL 4. FORMED DOUBLE DOJI ON DAILY TIME FRAME INTRADAY : DOWN SIDE SHORTS CAB BE INITIATED IF PDL BREAKS (166.5) FOR TARGET OF 164.5

Retailer_ki_dost

Cholafin is trading near its swing high, looking at the strength if breaks 260 and sustains more gain upto 285 can be seen. SL would be 249.

Retailer_ki_dost

Sail is trading near its long term support 33. A bounce from here is possible till 43-44 (where three resistance lines are meeting) if breaks 36. SL will be below support (33)

Retailer_ki_dost Updated 

All idea for trading is shown in the chart

Retailer_ki_dost

Berger paint made a bearish engulphing at its resistance, below PDL (574)sell can be initiated for the first target of 568 (trendline support). If this trendline breaks 550 can be seen in coming session. SLto be maintain at 583, keep trailing your SL if trade goes in your direction.

Retailer_ki_dost

Banknifty was able to close to its imp level 21000. All levels are marked on the chart

Retailer_ki_dost

Ambuja cement gave breakdown on inverted CUP AND HANDLE pattern in previous day session. Suggestion is not to short even if it looks very lucrative and clear breakdown. Some of the observations which are very imp as per technical analysis. 1. Good Volume is missing 2. 200 dma is just below the breakdown candle. (security may bounce in some cases and hampers R:R...

Retailer_ki_dost

IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness Target and trading plan is mentioned in the chart. Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.

Retailer_ki_dost

I come across many times when people fall in trap when they see breaking of long term support or resistance in intraday by merely seeing on small timeframe (TF) like (1-5 mins). I suggest those friends to wait for the confirmation of such breakout on higher timeframe like 15-30 minutes atleast. In this example I would like to make you understand this psychology...

Retailer_ki_dost Updated 

NIFTY is trading in a falling channel, yesterday it broke an imp level 11300 with good momentum. Call writers has been very active since yesterday Support is present at 11120. Nifty may show some recovery before falling further.

Retailer_ki_dost

BAYERCROP TRAING NEAR ITS RESISTANCE, LOOKING AT THE MOMENTUM AND THE VOL BREAKOUT MAY POSSIBLE IN COMING SESSION. BUYING LEVEL IS MARKED.

Retailer_ki_dost

GOREJCP HAS TWO RESISTANCE 1. LONG TERM TRENDLINE TRENDLINE 2. RECENT SWING HIGH IF IT BREAKS THE 728 AND HOLD THEN ONLY LONG IS RECOMMENDED IF IT BREAKS THE 700 AND SUSTAINS, MORE PAIN CAN BE SEEN. hOWEVER THERE IS TRENDLINE SUPPORT IS AVAILABLE.

Retailer_ki_dost

Grasim looking strong as it broke its long term trendline and currently trading above it. In previous day session it broke an imp level. On high time frame, it is also looking decent for long term buy. All imp levels are marked on charts. fresh buying only is recommeded if trades above PGH and sustains. In previous idea