massad1001

massad1001

Nasdaq can have a similar upmove as nifty today. Note this analysis is for really really short term; long term trend is still bearish.

massad1001

Cdsl has again broken a minor structure and can go upto 1300 levels now. Keep an eye.

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Note that entry should only be taken if it pullsback and then continues upwards.

massad1001

Nifty 50 is forming diamond pattern in daily timeframe and is awaiting break on either side. Note that strict stoploss shall be followed on entry because markets are hugely news driven and volatile these days.

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Relaxo is forming kind of inversted HNS in daily timeframe and breakout is still due. Note that there is no volume as of yet so it's a wait and watch. Once it breaks out it can show a potential upside upto 1100 levels.

massad1001

V-Guard monthly close was above its levels where it received rejection in previous month's and the bullish candle indicating upmove, apart from that it is also forming kind of ascending triangle. The stock might come back to retest the level before moving up. Note: All charts are for educational purpose only.

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RSI moved from 40 indicating upmove which is supported by buy signal in MACD. Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level. Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.

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1. Price at support. 2. RSI showing divergence. 3. Price taking support of 200 EMA. Target @2225/- SL Below the support line