inteliigentrader

inteliigentrader

RBL Bank has been trading in an uptrend since 4th August, when it made its short term low of 160.8. Recent rally in RBL Bank has proved the strength of buyers and confirmation of demand exceeding supply. 3 shakeout candles were visible on 3:15 pm on 7th August and the consecutive 2 candles on 8th August, but after the fall there was no confirmation from sellers,...

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IndusInd has given a breakout in the previous session. I expect the momentum to continue towards the upside. My bias on Banknifty is currently bullish, due to the structure which HDFC Bank is forming, and as it is a heavy weight in Banknifty, I expect a breakout in HDFC Bank would be followed by a bullish move in Banknifty. And as IndusInd Bank is a part of...

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Banknifty has been trading in a range of about 400 points(marked as the smaller range) and needs to breakout of it, on either side, to prove the strength of either the buyers or sellers, depending on which side the breakout happens. As far as the weekly expiry goes, I do not expect Banknifty to violate the psychological level of 21000, on the down side, or 22300,...

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Zeel is a high beta stock. In the past few sessions, few strong bullish candles have shown that buyers have entered the stock and are taking all the supply, in order to move the price higher. Various technical confluences have been taken into consideration, including breaking over previous pivot high, price respecting the 21 day exponential moving average(EMA),...

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HindPetro has announced its results, and my first impressions are that they are exceptional. During times of lockdown, petroleum sales would be one of the most affected ones. Take the example of commercial flights. Their demand have reduced by more than 90%. They are one of the top consumers of petroleum and when their demand falls, automatically, demand for fuel...

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HDFC Bank is looking bullish. It has turned into a bullish structure and it is a great stock for intraday. 31st July, the first 30 min candle confirmed selling climax due to the huge tail of the candle, which suggested demand, on back of relatively high volume. The down move which followed SC, was on back of very low volume and the first volume expansion was...

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The opening candle shows signs of demand due to the wick size and bullish closing. But as price approached the resistance level, it showed no signs of strength, which would show that Banknifty is going to break the level, and so in today's closing, price hovered near the resistance level and closed near that. One of the candles near the resistance is a bearish pin...

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IndusInd Bank has given a breakdown and is very likely to reach 470. Volatility has reduced in recent sessions, but banks continue to be volatile, and one such high beta stock is Indusind Bank. I expect the target to be reached within this week. Safe strategy would be to sell 500 CE and buy 510 CE for hedging purpose. Trade according to your analysis. This is an...

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If you like my analysis, do not forget to follow me for such regular posts. I am very close to 100 followers. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may...

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Banknifty is looking weaker than Nifty due to various reasons. Banks have been affected in the lockdown and hence this has also affected their profitability and hence Banknifty has been trading weaker. Institutional investors' views are also looking bearish on Indian Banking sector, or else by this time, they would have started accumulating various Banking stocks,...

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Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock...

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Bharti Airtel has been trading in a range since the past few months and the average volume has been decreasing as well. This makes for a scenario of either distribution or accumulation by the institutions. I personally think this is distribution. Reasons for this include, Bharti Airtel has been hyped up in the news since many weeks and brokerages are increasing...

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Very similar setup to Bajaj Holding and I expect huge momentum in the coming sessions. Expect one daily candle of 3-4% in coming sessions. Using your risk management and trade setup, compare and then decide on your own, whether you should take the trade or not. Nice price action as well as supply is visible on the chart in the form of a inverted hammer candle on...

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This is a very similar setup to the Bandhan Bank setup which I had given, which gave close to 3% returns in intraday, which is really good. This setup has to work in the coming 2-3 sessions(but I believe this will work tomorrow, but if not, then keep this stock in your watchlist. I am sure that the next big move in this stock is coming in some sessions, and the...

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This is one of the better setups from the list of intraday stocks for tomorrow and so I wanted to share with you. This is another of my price action strategy setup. Bandhan Bank gave almost 2% reward today, but I expect this setup to give around 1.5%-2% returns. I trade using a 5 min to take trades so I get better entry price. Levels are mentioned on the...

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Today Bandhan Bank should have rallied higher, but after a rally on 5 min chart, it consolidated for the rest of the day, meaning the volatility contracted, creating another narrow range candle, which is a second one in the past 2 days. I am expecting a huge rally in Bandhan Bank, either bullish or bearish rally. Seeing a breakout from the downward resistance...

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Nifty is looking in a strong uptrend, but Banknifty is neutral as it still hasn't broken the 23000 barrier on a daily chart. For Banknifty to be bullish, it needs to break 23000 on a daily chart. This is my personal setup for Banknifty on Monday. Looking at domestic cues, the trial for vaccine has been allowed by AIIMS, which is a positive, but on the other hand,...

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Reliance has been in a severe uptrend and the retracements have been very minimal, which show that the investors are confident that Reliance will move higher and so they are holding onto their positions. Volumes have been increasing with increase in price, which confirms the bullish sentiment for Reliance. This is an educational post and all the opinions provided...