TheMamboMomentum

TheMamboMomentum

The stock has given a break out on the long side with volume confirmation. The stock has respected the trend line for 29 trading days. Major support levels :- 16344, 16000(round figure) Resistance levels :- 16550, 17200 Wait for the stock to retest the trendline and form a chart pattern near the levels for support and resistance before trading.

TheMamboMomentum

HDFC has closed above the long respected descending trend line. The stock can give a bullish momentum in the next trading day as the volumes are higher than the previous closing days. On Thursday, the stock has closed above the trend line and can travel up to the target level of 2475-80. The stock has broken over a resistance level after approx 2 months. ...

TheMamboMomentum

Hindalco has been consolidating in a parallel channel for 7-8 days. The support for the stock is near 550 levels. If the stock gives a breakout on the upper side the achievable targets are around 600 and 620 levels. The trade can give momentum, Daily time frame is good as the consolidation is what we look for. Wait for the breakout of the parallel channel and...

TheMamboMomentum

NTPC is taking support and has closed near the support level. Stock has been forming inside candle for 3-4 days. Support:- 131,127,125 Resistance:-134,137.5 The stock will give a breakout in this week Keep a watch on NTPC.

TheMamboMomentum

Bajaj Auto on daily time frame has formed a bullish engulfing chart pattern. The pattern is a bullish chart pattern and can give an up move. Wait for the price to break the high of today's candle. The target levels are marked in the chart.

TheMamboMomentum

On hourly time frame bank nifty has not shown a red candle today. Market may consolidate for tomorrow. Will trade in the second half of the day. Support:-34780,34278 Resistance:- 35352, 35633.

TheMamboMomentum

On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence. Reliance can give good move on either side. Support:- 2385, 2314 Resistance:- 2406, 2455 The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,

TheMamboMomentum

Banknifty consolidated on the last trading day. It took support from the very first support and consolidated the whole day in range of 500-600 points. Support levels:- 34278,33920 Resistance levels:- 34780, 35352 Wait for the closing above/below the levels on shorter time-frame to capture the move and a candlestick pattern to confirm the setup.

TheMamboMomentum

Nifty is consolidating and on a shorter timeframe, nifty is respecting the resistance zone. Nifty can break either side and the move can give a nice target points. Support:- 16410, 16150 Resistance:- 16670, 16750 Market can give a good move. wait for pattern to form near the levels.

TheMamboMomentum

bank nifty in the first half consolidated and finally broke the round level of 35000. In the last market hour the market consolidated and closed near its 20Ema on 30 minutes time frame, that is the best thing for tomorrow. Support:- 34278, 33900 Resistance :- 35000, Today's high. Wait for the candlestick pattern to form near the levels for confirmation.

TheMamboMomentum

Grasim is just near a weekly time frame resistance zone. Short the stock, if the price break down below 1540. Support :- 1541, 1500-05 Resistance zone:- 1572-1597 On daily closing basis the price has closed near the resistance zone. Wait, watch and trade.

TheMamboMomentum

BPCL is forming a "W" path. If the price of the stock convincingly breaks the resistance level of 351 and sustains go long Support ;- 331-333 Resistance:- 362, 373. Candlestick pattern should be checked near the levels on smaller time frame for intraday.

TheMamboMomentum

The stock has been respecting a trendline. The trendline has been retested 3-4 times. Watch the stock to break above the trendline and 16325 levels The trade can be activated next week. Support :- 15100-15238 look for a nice candlestick pattern near the levels and trade accordingly.

TheMamboMomentum

Tatasteel has been consolidating in a narrow range after a bullish movement in the stock. It is forming a bullish chart pattern on a higher time frame. The breakout of the parallel channel can give a move of 5%. Watch the stock for the tomorrow

TheMamboMomentum

On daily time frame a morning star with volume confirmation is being formed. On Fibonacci levels resistance are 410, 421 and 431. Just look for a bullish trade setup in this stock.

TheMamboMomentum

Bajaj finance has given a bullish reversal pattern and has closed above 50% fib level. It may test its 61.8% levels before retracement or reverse from 50% levels Wait for a the levels to sustain above 6970. Resistance :- 6600,6750 Support :- 6338, 6249 Simple patterns can be traded with confirmation

TheMamboMomentum

Nifty on hourly time frame closed above the crucial moving average. 50Ema will act as an immediate support. Key support:- 50EMA, 16145 Resistance :- 16410, 16500(round figure) Today's nifty was bullish and may continue a bullish movement once it breaks today's high and sustains above it.

TheMamboMomentum

Bank nifty looks bullish on daily closing basis. Support :- 33363, 32161 Resistance:- 34278, 34991 The levels with formation of chart pattern will confirm the trade.