If it crosses 1109 without any resistance then long positions can be taken with two targets given and stop loss 1076. On weekly charts a hanging man candlestick pattern has been formed which is a sign of reversal.
Support and resistance lines are drawn, place your targets and stop loss accordingly.
Buy at 525-527 if it shows strength with good volume with a stop loss of 510. Short if it goes below 510 with a target of 499 with stop loss of 525.
Bank nifty is following a trend. Support and resistance lines are drawn, place targets and stop loss accordingly. This week bank nifty formed a hanging man candlestick pattern which is a reversal pattern so look out for it, on monday and tuesday nifty looked weak but on thursday and friday it made a strong come back at 22900 level.
Gail is following a trend and it broke an year old resistance line. Support and resistance lines are drawn so place your trades accordingly. Well in weekly charts it has formed hanging man candlestick pattern which in uptrend is a reversal pattern.
Sbi is retracing back from a pull back, support and resistances are drawn, place your targets and stop losses accordingly.
Take long position if it crosses the trend line with good volume or crosses the price range of 433-435. If it finds resistance at 433-435 price range or at trend line, the short by taking small targets, as it is an uptrend so shorting is not advised but shorting by having small targets is a good idea and remember it could come back to the lower trend line also.
Clearly BHEL is following a trend but not able to 2 very old resistance lines, so if it shows signs to break these resistance line, a long position can be taken. For intraday and positional traders, I have drawn support and resistance lines, so trade the up trend using these drawn levels and place you targets and stop losses accordingly.
Trading the fibonacci retracement level is one of the things i love but with good volume its a pie with an extra chocolate. This is how is took a 10% move in bpcl . When the stock made a 6% move on 16th July I opened its charts and studied it, I saw the stock was near 50% retracement level.The stock was showing strength, I wanted to make a move if it crossed 50%...
Off course the fundamentals are great but with so many firms giving advice and buy call for itc, I thought why so? I studied the chart and saw that itc is trading near 1 year strong resistance trend line. Some days ago, due to high dividend given by itc it crossed this line but again started trading under this trend line. If it crosses this resistance then next we...
It looks like it forms a triple top pattern formation which is a reversal pattern. On 16th july the stock opened gap up higher but then retraced back near to 15th july price. For sure market participants are indecisive in this stock. Trade cautiously near support and resistance levels drawn and place your targets and stop loss accordingly. The stock looks week but...
On 16th july the market moved sideways most of the time but it crossed an important level with a big green candle at last hour on thursday. I think the market is still indecisive. Trade with the given support and resistance levels drawn.
WITH AN AMAZING TREND IN THIS STOCK, THERE IS A GREAT NEWS FOR THIS STOCK, FPIs RAISED THEIR STAKE IN THE COMPANY. SO, HERE TRADE THE STOCK WITH GREAT NEWS AND TREND. PLACE STOP LOSS AND TARGETS ACCORDING TO SUPPORT AND RESISTANCE LINES DRAWN. CAN TAKE LONG POSITION IF IT DOES NOT GET ANY RESISTANCE NEAR 431. WELL SOMETIMES WITH GOOD NEWS ALSO THE MARKET...
Facing a strong resistance at 1/3rd retracement level from march lows, the stock bounced back and started a small down trend. Place targets and stop loss using the support and resistance lines drawn.
The price broke above a resistance line with good volumes which is a good sign. The price inclined for a move to go into ichimoku cloud, so the technicals are with the buy signals. Place stop loss and targets according to support and resistance lines drawn.
The stock was moving sideways on 16th july, this means the market participants are being indecisive on this stock. Technical are giving a sell signal, price got below ichimoku cloud two days ago in a 30 minutes chart. Don't take long or short position for a very long time since the stock is moving sideways on weekly charts. Trade cautiously and have strict stop...
Take with the support and resistance line drawn here. and place you stop losses and targets according. Take a long position if the price gets a support and set your targets near next resistance and vice versa for short positions. Well the weekly chart has engulfed green candles of last three weeks with a big red candle, so the stock looks weak. Technicals are...
On 16th july bank nifty took support at 21238. After a doji appeared last week on weekly charts, this week's big red candle shows weakness, with one day left for trading this week. Lets find on 17th july if this was a small reversal or just a pullback to again reach to 1/3rd retracement level. Place your stop loss and targets according to support and resistance...