nandodeomkar

nandodeomkar

NSE:NTPC has formed a flag and pole pattern on 1H time frame. Wait for the breakout. I have given Target levels for both sides. Consider your Risk/Reward before taking trade.

nandodeomkar

NSE:BANKNIFTY Looks strong. Today in the last few hours it rallied due to the results of SBI. PSU Banks will be outperformers for a few days. Hanging Man Candle at top coinciding with High RSI. We can either see a Gap up on Monday or a Retest or both.

nandodeomkar

NSE:NIFTY has broken its previous resistance and given a strong closing. The last candle is a Doji which coincides with High RSI. It can mean that on Monday we can see a possible retest of the levels marked in the chart. We can also see a possible Gap Up on Monday. PSU Banks will be strong performers in the coming weeks.

nandodeomkar Updated 

ICICI BANK has formed a higher high but the RSI was same as the previous High. According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears. I am not 100% sure about it but let me know what you think about it.

nandodeomkar Updated 

Increase in Oil prices coupled with the breakout on the chart is a good confluence. Retest has been done nicely. Reliance was holding up the market on last trading session. Can expect this to continue for a few more trading sessions (2-3 trading sessions) Use Halftrend for trailing stoploss. NSE:RELIANCE

nandodeomkar

It has formed double top on a very short time frame. But the RSI also formed two tops. The second top is lower then the first one which means lesser people tried in making the second top. The tells us decreasing interest in the stock after breakout. There has already been a big rally and we can expect a consolidation in metal stocks soon.

nandodeomkar

A nice consolidation after a long upmove. Looks like SBI is ready for a big breakout again. A kind of Symmetrical pattern formed in SBI on 1D timeframe with one side of the triangle being the 50 DEMA. Can be crucial. *For educational purpose only.

nandodeomkar

TCS was in a small channel for the last few days. The channel has been broken and restest is possible and then we can see an upmove

nandodeomkar Updated 

All Levels Provided in The Chart Itself. Inverse Head and shoulders pattern formed in Bank Nifty in 1-hour timeframe. Inverse Head and Shoulder is also known as Inverted Three Buddha Pattern/ Three Buddha Bottom. Strict COVID-19 rules in Maharashtra imposed. HDFC bank is weak due to its Net Banking issues. Other Banks are very strong. But HDFC has a high...

nandodeomkar Updated 

Head and shoulders pattern. The neckline is broken. Going for a retest. Good opportunity to enter a trade. * Educational purpose only * NSE:SBIN

nandodeomkar

• Downtrend occurred. • Tweezer bottom pattern spotted. • RSI confirms that at the time tweezer bottom formed, the stock was underbought. * Educational Purpose Only * NSE:JINDALSTEL

nandodeomkar

• Descending Triangle formation • One side of the triangle is a 200 Day Exponential Moving Average. • 200 Day Exponential Moving Average is strong support. * Educational Purpose Only * NSE:DABUR

nandodeomkar

• Channel since May 2020. • Stock at Big time support. • Has the support of 200-day Exponential Moving Average. * Educational Purpose Only * NSE:EICHERMOT

nandodeomkar

• Head and Sholders pattern formed. • Neckline is broken. • Restest is done. • 200 Day Exponential Moving Average is major support. * Educational Purpose Only * NSE:AMARAJABAT

nandodeomkar

Breakout of a consolidation phase. The breakout happened with good volumes. Coming back for a retest. Support from 200 Day Exponential Moving Average. Good opportunity to enter a long position. * Educational purpose only * NSE:HINDPETRO

nandodeomkar

If markets open and try to take support then we can see an up move. Targets, Retest entry and Stoploss are mentioned in the chart.

nandodeomkar

An Inverted Head and Shoulders has formed in the stock chart in the small time frame. Recently there has also been a slight increase in volume.

nandodeomkar

Hdfc Bank has broken a range and is now coming back for a retest. * For Educational Purpose Only *