IOB CMP 16.15 - We observe a break out in the stock chart - chart suggest, stock price currently in consolidation mode - the zone of 13.25-16 is very important for IOB - if held on to the doors open up for further upside in medium to long term Target for the current set up 24.20 / 32-35 zone Pattern gets invalidated if IOB weekly close is below 12.15 Buy on...
ONGC On June 2nd 2021, When price was at 116.80, this is the chart that was posted Pattern observed was a Cup & Handle Chart pattern and the target given was 128 / 136 Come June 09, 2021, Charts help us garner a 10% gain without much pain... 😀 If you do your homework well, rewards will be there... Happy learning and happy trading...!!! Follow for more such ideas
Nifty View mentioned in chart Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and...
HUL CMP 2336 - we observe the stock has been consolidating for over a near now - support at 2306 / 2264 / 2180 - potential Cup & Handle in the making - confirmation on sustaining above 2464 Target for the given set up 2800 / 3100 At current levels Risk::Reward ratio looks good to go Long. Take care & safe trading...!!! Disclaimer - The view expressed...
IOB CMP 20.45 Back on April 20th, when the stock was around 16, this is what was posted... The chart suggested a larger gain potential in IOB. The stock took some time to take off. One needs to have patience, trust the studies and the chart. The results is in front of you. 30% gain in less than 2 months. We can not time the market... but when time comes...
Many people have asked me this question What is better... Fundamental Analysis or Technical Analysis? Have you at any point of time pondered on this...? From the chart itself you might have understood my view point I think of Fundamentals being the Heart of anything.... - It tell us what the economic growth is ( that can be Compared with other economies) -...
ICICI BANK Chart view and strategy suggested in chart Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your...
ONGC Sustaining above 119 opens up door for the stock for targets of 128 / 136 Trading strategy If you are a short term trader Consider buying after break out confirmation If you are medium term investor types and can have patience consider buying on dips. You can refer my earlier views on ONGC that are listed below Take care & safe trading...!!! ...
MGL CMP 1070 - sustaining above 1080, doors would open up for a move towards 1208 / 1396 pattern gets invalidated if weekly close is below 1033 Take care & safe trading...!!!
View and strategy given in chart Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals...
Nifty CMP 14578 Last time when Nifty was at 14800 we felt that Nifty may not go below 50 day EMA and felt it could be a buy on dips market. - however currently Nifty is trading below 20 day & 50 day EMA - RBI special announcement event with regards to Banking support done We were cautious and went for a conservative strategy of selling Nifty 06 May expiry...
DLF Observations - the stock is currently trading in downward yellow channel - 20 day EMA at 255 - 50 day EMA around 267 -38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270 Given the important levels One may consider a Bear call Spread strategy in DLF It involves selling Call option and buying higher OTM Call option Sell DLF 27 May...
Nifty CMP 14801 - Nifty has 20 day and 50 day EMA support around 14620-14650 - Resistance around recent high of 15044 Given the set up One may consider a Short strangle strategy for 06 May expiry Sell Nifty 14600 Put option around 100 15000 Call option around 82 Max profit potential in strategy Rs 13650 (approximately 8% on Margin requirement) Loss in...
Nifty Earlier we were expecting Nifty to do a sub 14000 level. In that post we had highlighted that Nifty has a chance of bouncing back towards 14655. Well the bounceback has been much more than that and today despite we seeing a big dip in Nifty, it is so far trading well above - 20 day EMA at 14648 & - 50 day EMA at 14622 currently Trading above the EMA...
Coal India Closing Price 129 Observation - Stock is trading in a blue channel - currently at lower end of the channel - we observe a Bullish Harami candlestick pattern at lower end of the channel - convergence of 50 day EMA and 200 day EMA around 140 - 136-142 is a crucial band for the stock - important for the stock to give a weekly close above the red dash...
Bank Nifty Observations - we observe Bank Nifty trading in down trend channel - Bullish Engulfing candlestick pattern seen in chart Pattern gets invalidated if Bank Nifty closes below 30405 Given the set up, Strategy that may be considered Consider selling Bank Nifty 27 May 2021 expiry 30000 Put option between 700-800 (Last traded Price 753) The strategy...
Reliance - We see the stock in a consolidation phase since Sep 2020 - On the lower side the blue line zone has provided support - the green line area is the ultimate support level.... Given the set up, and the the stock being closer to support levels, one may consider selling Reliance 27 May expiry 1800 Put option around 35- 40 odd levels Max profit...
Nifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some...