SBIN looks good for intraday Comment if you have any doubt regarding my setup Stay Safe!
Personally, I feel Banknifty is in a downtrend as the US just released their unemployment data, which has increased compared to the previous year Take trade according to your risk capacity and analysis If you have any doubts, comment down below Please drop a like on the post! Stay safe!
Comment if you have any doubts regarding my idea. I also would like to read about how I could have improved my analysis, so comment where I could have improved.
Target of 395, roughly 25% Do your own analysis before taking any decision Comment if you have any doubt or any suggestion for improvement in the idea
Enter the trade only if one hour candlestick does not close above the green zone
BPCL can move either side. Chart analysis shows it has broken the support zone and should head down towards 360 levels But privatisation and fall in crude oil price can push the price up. Due to coronavirus, the market is mostly based on the news rather than technical. Upside target of 503
BPCL has broken the weekly trendline (white colored line) and also retested it on last friday. BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish . BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up. Target 500 with SL at 460
BPCL has already broken its long term trendline for a long move. A breakout from the other trendline will confirm the uptrend for a target of 473 with a stop loss of 461(Risk to reward of 1.5).
A positional trade for COALINDIA Target of 209.75 SL of 170.85 R:R= 1:4
Long BANKNIFTY Partial profit booking at 31000
ZEEL has broken the upward-trendline and is ready for a downward move. Short at market price for a target of 270 and a stoploss of 285. For a confirmed downtrend, short at 278 when it retests the level for resistance. Views are welcome.
Buy Coal India after it crosses 205.10 for a target of 207.50 and a stoploss of 204.45 Sell Coal India if it breaks 204.35 for a target of 202.15 and a stoploss of 205.20
Trade once 210.7 is broken Target 212 Stoploss 208.75
Short BPCL with a target of 452 if it breaks below 462
There is a strong probability of Nifty Bank breaking the current trend and a huge upward movement will be the result of this. After the movement, it will face resistance at 32335 level. 32286 level will be broken, so entry in the range of 32280-32290 is recommended. This will have a risk to reward ratio of 1:1.02.
Britannia has to potential to reach and sustain 3200 levels. It has some strength volatility left, meaning, a little push towards 3120 level is possible. Post that, a retracement to a support level and then a bounce back to 3150 levels