Tej10

Tej10

Analysis Bank Nifty has been trading in a range of 4000 points for the last 6 months and has formed a Head and Shoulder pattern A bullish 45 degree trendline can be seen on the weekly chart, connecting all the bottoms since the covid19 low. The longer the trendline, the more valid it is Weekly candle in bank nifty has eroded most of the gains made in the...

Tej10

Analysis Nifty futures as of now has completed the weekly Head and Shoulder Pattern. A weekly close below 23900 will confirm this A downside target of 11% can be projected, with coincides with the election panic low of 21265 This view will be invalidated if Nifty closes above 25000 Trade Plan Stick to swing trades if going long, it's ok to book profit...

Tej10

Escorts is at value buy (low risk), demand zone. Price has continuously respected the trendline and weekly RSI has not broken 40 support (see highlighted arrows) Buy after a weekly green candle appears and price starts to trade above it in daily, stop loss will can be 0.5% below the weekly candle close. Hold for a potential target of 22% upside. Good luck and...

Tej10

Reliance industries gave a breakout from it's trading range in January, since then after making a high around 1600 (after split) has retraced 61% of it's upmove. (Fibonacci Golden ratio) It is also taking support at it's previous trading trading range high, exhibiting perfect 'Change in Polarity'. Change in Polarity refers to a market structure when price takes...

Tej10

Shyam Metalics is poised to give a good upside move with a stage 2 base breakout and weekly RSI bouncing above 60. Enter above 765, with a stop below 750 (daily close). Hold for a target of 20%

Tej10

Trade Set up - Flag and Pole breakout with huge volume and retest of neckline Execution - Accumulate between 720 to 750, Stop loss at 680 (daily close) Target - Blue sky

Tej10

Trade Setup - PDSL (sustainable clothing brand company) is showing a reversal in the down trend and has broken above the 61% retracement resistance, thus confirming the reversal. Execution - Enter above 570, with a stop loss of 545 Targets - T1 650

Tej10

Trade Setup - Pole and Flag pattern breakout in daily charts. RSI is bouncing from 60 indicating strong momentum, Bullish engulfing pattern with good volume, price has broken out of the Bollinger bands squeeze Targets - Blue sky zone Execution - Enter above the high of 29th Jul candle, stop loss below the low of the same

Tej10 Updated 

Trade set up - Price is retesting the bottom of the long term trend channel Execution - Buy above high of 25th Jul, with a Stop loss at the low (of 25th Jul) Targets - T1 of 3300, T2 3500 and finally T3 2800

Tej10 Updated 

Inverted Head and Shoulder formation in SBIN on the hourly chart Previous resistance has turned into support Rising volume on Green candles RSI has moved into the bullish zone and is taking support on the upper band Long entry at can be made at current price with a stop loss at 524 (Risk reward of 1:4, for full upside target)