manavtechresearch

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SUMMARY:- *dlf is looking good for downside *range trading in stock *momentum towards downside *good risk-reward trade DLF FUT SHORT@389.5 STOP@397 TARGET@377-370-364 *this view is my personal view trade with strict stoploss *once view may differ from others so trade with solid mind *once in profit and first target is achieved *trail your trade to short price so...

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*One can go long on close above the trendline on 30-min chart *stop will be morning low *targets in the range of 17200/17490/17870

manavtechresearch Updated 

SUMMARY: *stock is looking for a reversal *there is a morning star doji pattern formation visible on the chart *good risk-reward trade *stock has been beaten down recently so good entry point HDFC SPOT BUY@2550 STOP@2480 TARGET@2610-2645-2690 (TARGET CAN BE REVISED) *this view is my personal view trade with strict stoploss *once view may differ from others...

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SUMMARY: *stock is breaking out of double bottom formation and symmetrical triangle pattern *upside can be adjusted *for now a momentum trade INDUSIND BANK BUY@948 STOP@928 TARGET@969 (FURTHER TARGETS:-994/1020) POSITIONAL TARGET WILL BE CLEAR IF CLOSE ABOVE 1000 IS ACHIEVED *this view is my personal view trade with strict stoploss *once view may differ from...

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SUMMARY:- *after posting stellar numbers it is the only stock which is holding the fort for the markets *once market starts to recover icici bank shall lead from the front based on relative outperformance *the stock is taking support on its to 20-ema near 792-795 *on the upside 820-818 is acting as strong resistance *we are going there but its getting...

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SUMMARY:- -stock has broken out of the bullish flag -i am recommending buy after a big bullish marabuzo candle on weekly chart -rsi now safely trading above 60 levels -one can add now or wait for a drop till 1245 to add -since its a positional trade can take upto 10-15 weeks -stop is deep so trade with proper risk management SBILIFE BUY@1268-1245...

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SUMMARY:- *index has created double bottom on hourly chart *hourly close above 17350 will be first sign to go long *it doubles from the breakout zone *used heikin ashi pattern to remove the gap *lets keep it simple *16850 is the jan low that will be our stop for longs NIFTY FEB FUT BUY@17350(SAFE TRADERS WAIT FOR 10:15 AND A CLOSE ABOVE 17340 IN...

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SUMMARY:- *index had excess longs in the system *they were taken to cleaners today *market oversold due to expiry and shakeout move *17630-17580 was previously acted as strong resistance for market *classic case of resistance turned support *trade with strict stoploss *its my personal view and market has yet given any sign of reversal *may later adjust trade...

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SUMMARY:- *stock has broken above 400 and is sustaining *recent news action will cause a re-rating in the stock *RSI is looking to break above 60 looking to show strong momentum *targets can be revised higher based on action *bearish channel break in the stock is indicating stock is gearing for new all-time high DLF FUT...

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SUMMARY:- *stock after a huge move last year was consolidation in the zone of 1775-1545 *from past few days we are seeing some good action on price and volume *break of consolidation zone will ensure 1900-2000 levels on the stock in coming time *also a visible ascending triangle pattern breakout can be seen in stock ADANI FUT TRADE...

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SUMMARY:- *Nifty has again broken out of its bullish flag formation *last week had given a big trade in banknifty on break of bearish trendline *index achieved weekly close above 17800 last time that happened we broke we managed 18600 and 18200 *I was bullish last week i am bullish for coming weeks *covid data is not affecting in the markets *result season is...

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SUMMARY:- *banknifty is breakout of a bearish trendline on weekly as well as daily chart *possible move towards 37500-37000 cannot be ruled out *close above 200-ema will give us more and more confidence to stay long *nifty is expect to go to new all time high *banknifty once above 36k (close) will force short-covering BANKNIFTY FUT TRADE BUY@36075(ABOVE...

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SUMMARY:- *stock seems to be breaking out of its consolidation zone *a close above 770 on daily chart will give us double bottom breakout *wait and watch on icici bank till now and the break is achieved *usually doubles from breakout ICICI BANK JAN FUT BUY@770 STOP@750 TARGET@800-820-845 *targets will be revised as per closing basis *we have result season...

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SUMMARY:- *stock has rejected its 20-ema *on shorter time frame we have a visible "m" formation also called "double top" *a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown *if achieved a close below 245 we will see a clear move towards 233-230 *followed by further breakdown then 223-215 if not then a pullback towards breakout...

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SUMMARY:- *stock is constantly rejecting its 20-ema *upon that the stock is seeing rejection from its bearish trendline *on the downside there is a visible support at 445 level *twice market bounced from 445 and moved higher *if we notice the bounce is getting weaker and weaker creating lower high each time *this clearly marks an example of descending triangle...

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SUMMARY:- *stock is has finally broken below 1900 *during the big bullish move from 1700-2300 there was no halt in between *stock will try to find support near round numbers if does not then it will slide further *it can catch up to the breakout price of 1700 *now 1900-1913 have acted out as demand zone in shorter time frame *so support-turned resistance any...

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SUMMARY:- *major reason why banking sector is looking weak *one of the most reliable pattern has formed in nifty private bank index *the inverted bearish flag pattern and breakdown is visible and confirmed *the pattern suggest another 5000 to 7000 points of downfall is expected *I am not expecting banknifty to fall below 30000-32000 *all things are setting up...

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*heavy selling pressure in nifty near 17350-17360 in futures *market will remain in selling pressure below 17400-17430 (no trade zone) *after usa market accenture result IT SECTOR can provide stability *but i will not be in shock that the initial hour rally will be sold into *rising usd/inr good for IT sector(over valued)/bad for financials *ecb raising...