The script can be seen sitting on the support trendline. The 200-day moving average converges with the support trendline. I'm hoping for a change in direction in the script. The script is costly for a cash market trade, F&O traders can add to their watchlist and look for an upward move.
We can see the script getting rejected at the level of major resistance on multiple occasions. The recent long green candle at this resistance level was considered a good breakout by most traders. Points in favor of a pullback, The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating...
A massive sell-off was seen in almost all scripts of mid and small caps in nifty in the past few trading sessions. The Nifty mid-cap index had retraced to 0.618 Fibonacci levels from its recent swing high, similar to the small-cap index. We can see that the index had taken clear support at this level. I hope for a new swing from this level. Please give your...
A massive global sell-off was seen in mid and small caps in nifty in the past few trading sessions. The nifty small-cap index had retraced to 0.618 Fibonacci levels from its recent swing high. We can see that the index had taken clear support at this level. I hope for a new swing from this level. Please give your valuable comments on this analysis. Thank you.
Triangle breakout... Short-term target 120 (16%)...
The script had taken multiple supports and rejections at the trendlines forming a triangle pattern. A recent breakout from the resistance trendline can be seen followed by a retracement. The resistance trendline now will act as a support line. The targets for the script have been shown using the Fibonacci extension. With the Q1 results around, I'm expecting a good...
Triangle breakout. Watch for the rally. Always trade with caution in Adani stocks.
The script is at a support zone. 12% upside expected in the coming weeks.
The script is at the support trendline of the ascending triangle. Target 1115 & Stop loss at 1005. Risk Reward 1: 3.1. Keep this script in your watch list and enter it when it starts moving up (green hourly candle).
The script had broken out of a triangle and had given a retracement. Short-term targets are 500, 520, and 550.
Based on the Fibonacci extension, the upcoming major resistances for nifty are 16200, 16400, and 16625. Happy trading.
The script had formed a good flag on a pole. With Q1 results expected this week, the script can give a good rally once it breaks out. Positives ahead: * China suspending export of fertilizers. * Good monsoon expected. * Hopefully good Q1 results.
Option traders can sell 27500 PE @ 400 & buy 26000 PE @ 145. Margin required Rs. 55,000. Net profit Rs. 6,300 (11.5%) Good to enter when the script retraces back to the trendline. Analyze and take the trade if you are convinced.
A strong green candle today above the trendline can initiate a good bullish run in this script.
The script is at the support level of the trendline. Go to go long.
Can we expect nifty to slide along this channel?? Give your suggestions, friends.
The script had formed a symmetrical triangle on top of a pole. The Q1 result on August 6 is likely to initiate a rally. SBI usually announces results during market hours (around 2 to 2.30 pm). With most good companies missing estimates with the Q1 result, can we expect SBIN to support the market?
Trendline breakout. Can buy for long term.