1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for...
Keep track of TCS as it may provide good positional trade opportunity. Points to consider: 1. TCS is still in an uptrend considering Higher Highs and Higher Lows structure. 2. Double Top (indicated with black line) looks matter of concern. It will be selected as target. 3. SL, Entry and Target will be posted afterwards. 4. Trade will be cancelled if met with...
Have Britannia added in your watchlist. It may provide (1:4 risk-reward) positional trade in the upcoming days. Entry price, SL and target will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational...
Cipla coming to RETEST its breakout zone. Good positional buy opportunity. Entry price, SL and target will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
Keep track of HDFC. It could provide good positional trade opportunity in future. HDFC tried to break the resistance 2 times (Downward Channel Pattern), now it is already weak. If it tries to break 3rd time, there could be huge momentum or real breakout. We can exit or hold near resistance, depending on various circumstances. Risky traders may hold, safe players...
Keep track of HDFC Bank, it is nearing its daily support. Good positional trade opportunity. Will let you know the entry price, SL and targets afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
M&M finance is nearing it's daily support. I am planning to go long in near future. The risk-reward looks very good (1:3). Entry price, SL and Target will be posted afterwards. The stock should be added in our watchlist. Disclaimer: You're sole responsible for your actions taken in the markets. I've shared my analysis for informational and educational purposes only.
GAIL was consolidating near its support line for 3-4 days. I am planning to go long if it moves above Rs 134.20 tomorrow. The risk reward looks attractive (1:3) Entry: 134.20 SL: 129.90 Target: 149 Important Points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best for us. 2. Look, whenever the...
Q: Do you think TCS looks weak on chart? My answer is "NO" as far as chart is concerned. Remember, it must have nothing to do with the fundamentals. As you can see in the Monthly charts of TCS, their isn't a "single low broken" since March 2020. Let's analyze each Month's lows. Mar 2020: Rs 1506.05 April 2020: Rs 1650 May 2020: 1865.20 June 2020: 1981.10 July...
Please read each point carefully: 1. Nifty 50 tested 14650 levels around 7 times 2. I am expecting bullishness above 14700 (It must sustain above 14700 for at least 10 minutes). Just look at 16th April candle, it didn't even sustained for 5 minutes. 3. I am expecting "huge bullishness" above 14760 (Because, it break the previous lower highs and recent highs) 4....
Intraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Trade should be cancelled if not executed between 9:15 AM till 10 AM. It won't be re-entered. Entry: 1515.45 SL:...
Intraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 130.3 SL: 128.4 Target: 134.1 Disclaimer: The analysis or trade setup is of my own. Please do your own...
Intraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 947.85 SL: 953.75 Target: 936 Disclaimer: The analysis or trade setup is of my own. Please do your own...
Intraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 1449 SL: 1434 Target: 1479 Disclaimer: The analysis or trade setup is of my own. Please do your own analysis...
HDFC was in a continuous "channel pattern" on daily chart. I am expecting a breakout near Rs 2550 levels. SL will be low of previous daily candle (already marked in the chart), and I am expecting a target of Rs 2860 which translates into Risk Reward of 1 : 2.75 Disclaimer: Please do your own analysis before jumping into the trade. Till then, just be a spectator...
TATA Power has given breakout (near Rs 80 range) on a weekly time frame "couple of months before". This breakout took time of around 12 years. It has already RETESTED its weekly support. There are some fundamental news also floating around. * Electric Vehicle Boom Era and Green Energy: Its management is working hard to replace it's thermal power plants to the...
Gail tested its daily support today. I am planning to go long "only if it moves above Rs 134.75" tomorrow. The chart is "upward channel pattern". The risk reward looks attractive (1:3) Entry: Above Rs 134.75 SL: 130 Target 149.4 Important points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best...
Berger paints breakdown from "symmetrical triangle" chart pattern in daily time-frame. I am expecting huge downside rally after a retrace till Rs 591 (which also translates to 1:6 Risk Reward). I am planning to go SHORT at 725-730 Levels (but not before 3:00 PM), wicks at the top of daily candle tomorrow will add extra confirmation to our trade. Entry 725-730 SL...