TheMamboMomentum

TheMamboMomentum

Hdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation. It is the basic candlestick pattern with shows the reversal in trend. Support:- 1300(round number) resistance:- 1327, 1357 The pattern is bullish. Trade only when the price sustains above 1327.

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Coal india consolidated today in a descending triangle pattern of Hourly time frame. Support levels :- 186.8, 188 Resistance levels:- 192,194.5 On smaller time frame it seems to be on a support. Wait for the levels to sustain and price action pattern.

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Nifty on an hourly time frame has given a break out of major resistance level, its 20 Ema and the round figure of 16k. Nifty looks somewhat bullish. Major support levels:- 15915, 15689 Major resistance :- 16203, 16363 Wait for the levels to sustain. Market is volatile. Test the levels.

TheMamboMomentum

Bank nifty is near resistance of 33206 and 20 EMA. Go long, once a hourly candle sustains above the resistance and its 20EMA. Short market only when it breaks the crucial monthly support level of 32161. Support levels :- 32161, 30993 Resistance levels:- 33278, 34111

TheMamboMomentum

Bank nifty has been trading in a parallel channel. Whole day the market was trading in a parallel channel just after a gap up and movement in initial 15 minutes. Wait for the parallel channel to break. Hope you see levels and trade with the break out.

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Indhotel is just respecting the resistance that it has been respecting for from 13th oct. Last day candle show some bullish movement but closes just near the resistance. Tomorrow or day after tomorrow it may give a bullish movement closing above the symmetrical triangle pattern. Break out above 212 can take the stock to 220-222 levels. Target :- 220,225 stop loss :- 207

TheMamboMomentum

Bank nifty may take resistance from 37850 and round number resistance of 38000 is also there. Support is around 37550 and 37320 Wait for it to either break or respect the levels Support :- 37500,37320 Resistance:- 37850,38000-50

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SBIN is near its support of 502 and is respecting it. On 4 hour time frame, the stock has give a doji and a hammer candle. Once an hourly candle closes above 505, it can go upto a level of 515-518. Wait for the levels to be sustain. 1-2% upside move will be there.

TheMamboMomentum

Nifty formed a doji on daily time frame. It is near a support of 17600-10. On hourly chart Support - 17350 and 17250 Resistance - 17767 and 17900-20 Wait for the levels to be sustained on either side.

TheMamboMomentum

bank nifty is near a crucial level and is volatile. Its sustaining near the same level for the last trading day. Major support on weekly analysis is around 37225-50 and 36820. Resistance 37850-900 and 38125. Between these levels we are not going to trade. So just wait for a breakout on either side.

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ZEEL has been taking support from a trend line since 1st October. Now it is in consolidation phase from 28th December above the trend line. It is respecting the trend line and the rectangle consolidation. Wait for it to decide the trend. It will burst.

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SBIN closes above the rectangle box. Buy SBIN once it crosses 515.5 in 15 minute time frame. Target 530 Stop loss 508

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Bajaj Finance is going to declare its quarterly result. But before the fundamental analysis the stock is in consolidation from last week. On breakout can it can test its new highs. Wait for the breakout and trade with proper target and stop loss.

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Nifty has been trading in a narrow range for last 3 days. We can trade the long or short once the rectangle breakout or breakdown Resistance :- 18397 and 18600 Support :- 18080 and17890

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On a monthly chart analysis HDFC Bank shows a good consolidation in ascending triangle pattern, The breakout of Flag and Pole pattern can move the stock to upper levels. Hdfc bank is good for long term investment.

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Grasim on a weekly and daily time frame looks bullish once it crosses and closes above 1878 level. It can test it's ATH and make new high in the coming week. On Fibonacci retrenchment level target can be 197,2016 and 2077. Wait for the breakout.

TheMamboMomentum

Bajaj finance as give a close above Month on Month resistance and can create new ATH. Flag and pole pattern once broke on the upper side and give buy opportunity for the Target of 8000.

TheMamboMomentum

Bajaj auto can be bought for a target of 3690-3700 once it breaks the parallel channel. It is forming flag and pole pattern. It's only for buy.