buy at bounce from trendline hul is following a trendline from many weeks and respecting that trendline . . . . . .
BankNifty was bearish for a while and reached support level today and may take support and consolidate for a while and then decide the trend -> option sellers can try selling puts below the support level ->option buyers have to wait for some confirmation to take a perfect directional trade.
Nifty Following A Good trend line Try Buying if Taking Support at the Trendline
BANKNIFTY IN A RISING CHANNEL . one can trade accordinglly buy at lower level of channel. sell at upper level of channel. Note : if brokeout form channel exit positions.
1. The Previous Trend in hdfc bank is uptrend 2. Now it Formed a Triangle Pattern by Consolidating 3. Watch for Breakout in Hdfc Bank For Swing Trade ! 4. Target can be 1600 round level
Nifty in a parallel channel, lower green trend line can be considered as a demand and upper trend line can be taken as a supply, one can trade accordingly... like buying at demand and selling at supply.. NOTE : STRICTLY TAKE TRADE IF NIFTY CONTINUES TO BE IN CHANNEL, BREAKOUT ON EITHER SIDES WOULD BE A TREND REVERSAL AND TRADE ACCORDINGLY.
Watching the chart we can see that bank nifty was forming higher lows(HL) which indicates an uptrend and equal highs (EH) which indicates rejection... as Bank nifty have already tested 35700 level 2 times we can expect a break out and a good target would be 36000 as huge amount of call writings are written at 36000 which indicates resistance... IN SHORT : IF BANK...
after a rally a doji is formed on daily chart of adani transmission and gave a good fall of 5% and the fall may continue as the support is far. short if market is negative
After a rally of nearly 15% adani ports gave a retracement to 0.5 level in Fibonacci and have chance to continue the uptrend LONG ONLY ABOVE 840
TATASTEEL Formed A Rising Widge Pattern which is a trend reversal pattern .....
SBIN had gone like a rocket with a huge gap up of nearly 10% and now it covered that gap and trying to break the parallel channel , assuming that it'll move upward if it breaks the channel.....
HCL-TECH MADE A HEAD AND SHOULDERS PATTERN AND GAVE A SUCCESSFUL BREAKOUT AND ATTEMPTING FOR A PULL BACK...LET'S SEE IF IT BREAKS THE NECKLINE AND GIVES A PULLBACK ....!