TradersVenue

TradersVenue 33 views ・

#HDFCBank has formed #BearishEngulphing #BearishMarubozu candle near the supply line of 1282 and broken the lower trendline of the rising wedge. Trading below 1264 it can head towards 1227--

TradersVenue 23 views ・

#ApolloTyre taking support near its demand zone of 161-162 and bounced to 167.9. Stok can revisit 192/196 levels in near to short term if it breaks out above 170 on closing basis. One can accumulate it in cash segment with protection. Can add more near 157/150/145 levels with hedging.

TradersVenue 132 views ・

#KotakBank is undergoing long consolidation between 1540-1640 for nearly 1.5 months. It has broken the rising wedge and formed 3 black crows chart pattern on daily scale. RSI has just broken down below 45 levels too. DI plus and minus getting ready for crossover. Stock trading below short and medium term averages. Stock enjoys strong support near 1540 which is its...

TradersVenue 26 views ・

#ShreeCEM notices #NR7IB pattern on daily scale. Stock is in bullish trend and trading above all moving averages. RSI, ADX, EFI, ADX all suggesting bullishness. However last 3 candles suggests exhaustion and stock is noticing price rejection at higher levels near its supply zone of 20475-20600. One can wait for a range breakout beyond H=20540 L=20260 and take the...

TradersVenue 25 views ・

#BharatForge notices #NR7IB pattern on daily scale. And stock is trading above short term and mid term moving averages. One can plan for a range breakout trade beyond 447 (Low) and 553 (High) of previous session.

TradersVenue 33 views ・

#FederalBank cash looking good for a short term long period for a target of 89.2/94. Price and volume action in last session looking good. RSI above 55. EFI and ADX also suggesting buy.

TradersVenue 38 views ・

#BankBaroda notices #NR7IB pattern on daily scale. 2 days back it had given bullish pin bar, and since then making HH/LL pattern. This time stock can try to test 104/108 levels in short term.

TradersVenue 46 views ・

#Nifty has formed a rising wedge on daily scale. Nifty getting resistance near the upper trendline of the wedge since last 5 sessions continuously. Nifty enjoys strong support near 11850; where it has given sharp reversals in last week. Breaking the lower trendline on closing basis and the floor support of 11850; Nifty may test 11715/11515. And on upside...

TradersVenue 48 views ・

#CoalIndia may test 194/196++ levels if trades above 190. SL#185 on 15M candle closing basis.

TradersVenue 35 views ・

Trading below 360 #ZEEL is likely to test 355/352-- levels. SL# 368. View negated above 370.

TradersVenue 34 views ・

Trading above 710, Grasim can test 715/723++ in intraday or 1-2 days time. SL 702 in 15M candle closing basis.

TradersVenue 55 views ・

ONGC had shown good character in a falling market. Last 30 minutes candle shows huge volume addition. Trading above 124; Stock is all set to test 126/128/130++ levels.

TradersVenue 58 views ・

RSI falling in downward trajectory. After a long consolidation it has given breakout on downside with LH-LL on daily charts for continuously 3 days. Closing below 1435 it will open downside targets of 1395/1360/1345--

TradersVenue 111 views ・

Cipla is in the verge of ascending triangle breakout. Recently high volume buying is seen as well. Breakout will be confirmed above 468 levels; above which stock may test 484/500+ levels.

TradersVenue 120 views ・

With PMO showing interest to intervene in the market sell offs and FPI concerns and China giving hints to discuss with US to ease the tariff war; market may get some relief rally in coming times. Even if market doesnt rally immediately it will take a pause and sell off may stop. Those who feel market will trade above 27300 can create below spread for 2.75L cost....

TradersVenue 136 views ・

RBLBank had a decent correction from its high 716.4. Stock almost tested its major support level of 438-444 and gave a bounce back. Stock displaying symptoms of early signs of reversal. Stock has potential to go upto 495/527/553 retracement levels. However it may be a time taking journey. Looks good to deploy below strategy with breakeven of 418-529.8. Till 400 it...

TradersVenue 104 views ・

#BajFinance looking bullish on 45M charts. Stock had a strong recovery on last session. Stock made bullish engulphing kind of pattern on daily scale. Stock if trades over 3275 then further short covering may be expected. However going long at current stage requires to maintain a closing stoploss of 3000. And on upside it may test 3400/3500 in near to short term....

TradersVenue 62 views ・

#BajajFinserv looks bullish on 45M charts. RSI surpassed 60 mark. On daily scale it has formed bullish engulphing kind of pattern. If it trades over 7300 then it has all probability to test 7415/7600/7900. But stoploss will be nearest SPL which is 6631. Trade is not favourable for equity or futures trades. Instead create a bull call ratio spread. -2x 29AUG2019 ...