BINANCE:BTCUSDT BTC has broken $59,500 which was its previous breakout level, the same level which was later acting as a support. So clearly after that level broke the next support we see is at $53,000 ($53,013) if u want to be precise. If BTC breaks $53,000, we will be heading to $48,666.
INFRA SECTOR STARING AT A MULTI-YEAR BREAKOUT! This is a good time to invest. Reasons : 1. Multi-Year Breakout 2. Head and Shoulder Pattern 3. Rent Culture taking over India ?
NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks. Your SL in this sector would breaking of right shoulder low. Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
HDFC LIFE is making an inverted head and shoulder pattern. Pattern gets invalidated if we get a closing below 555. So go long this a good stock to keep in your portfolio or for a small positional trade as well.
Maruti is a good buy at these levels CMP : 7330 SL will be day candle closing below 7110.
Bitcoin is ready for a bull run. If at all you get bitcoin at around 15600 levels, it becomes a buy on dip. The chart shows it has crossed the important Fibonacci level of 61.8, which means the trend of BTC is now bullish. Stop loss in this will again be a weekly closing below 15600 levels. Till then, it's a buy on dip.
Hindustan Copper has given a cup and handle breakout. With a SL of 40, one can go long in this counter for the target mentioned in the chart.
JUBILANT LIFE is heading for a nice breakout. It is making a falling wedge pattern. With a Stop loss of 630 on daily closing basis, one can go long for targets of 1040. NSE:JUBILANT
BANKNIFTY RANGE : A BREAK EITHER SIDE CAN GIVE A QUICK MOVE. TILL THEN ITS OPTION SELLER'S PARADISE.
BANKNIFTY RANGE : A BREAK EITHER SIDE CAN GIVE A QUICK MOVE. TILL THEN ITS OPTION SELLER'S PARADISE.
Bank nifty if breaks either side a fast upmove can come.
Bergent Paints looks really weak below 440! One can iniate a Positional Sell in this if 440 breaks with good volume SL 465
Stock Name : Aurobindo Pharma Type : Swing Trade Chart Pattern : Bullish Flag Pattern Also, there is some pleasant news surrounding the stock, so the Stock is likely to go up and up. SL : 620 TARGET : 720 , 770. #niftypharma #nifty
Nifty is likely to trade in the consolidation zone highlighted between the yellow lines.
Using the Alan Andrews pitchfork that predicted the highs and reversal for nifty quite accurately we can see ourselves heading 12400 to even 12500. Expecting the biggies to create a dip in December till 11800 and then continuing the rally till budget and after budget a strong correction.
Post the finance minister’s announcement the trend has changed to short term bullish. Hence this rally is likely to continue until budget announcement. So buy if you see nifty at 11800 or 11750 levels.