nawedakhtar

nawedakhtar

NSE:MARICO price touched the neckline. wait for the breakout for fresh position. those who already in position can now book profit and wait.

nawedakhtar

NSE:CIPLA stock is at a good support level. it is closing below 9 DEMA and volume is rising since last 6 trading days. 21 DEMA is also acting as a support. OBV is also declining. if the stock breaks and sustains below 564, it could be a good candidate for short.

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NSE:PVR one of the worst hit stock in the pandemic. PVR, now in a support zone of 2015 and 21 EMA is acting as a good resistance since the stock started falling. RSI has multiple level bullish divergence. But still I am in wait and watch situation because the business of the company is fully dependent on public gathering and the the situation is not allowing the...

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NSE:MARICO trend line and RSI breakout with heavy volume. stock can go up to complete H&S pattern on daily chart. high risk trader can initiate trade with a stoploss of 275.

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NSE:SBIN How I initiated trade on SBI today at Around 3 PM. 1. On hourly chart, I saw breakdown of chart and with heavy volume. 2. then on daily daily chart, I checked RSI which is below 40 and MACD was also started contracting. this confirm the short signal.

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NSE:BHEL both resistance and trend line breakout with high volume. RSI is above 50. trade can be initiated with stoploss at 21.

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NSE:NIFTY day after NIFTY made a pull back high, the bears come back. NIFTY today closed below 9300, breaking 2 important support level of 9500 and 9300. And also closed breaking a long trend line support shown in blue line. in fibo number it retraced 23% and closed below that level. Nifty is also weak according to option data. today there is almost negligible...

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in the last trading session SGX NIFTY fell around 5% due to global sentiment as US-CHINA trade war reemerged. DOW also fell around 3% in last 2 trading session. in last trading session SGX NIFTY closed near the trend line support and also near the 23% Fibo number making it week for bulls. 10150 is acting as a good resistance and 8850 is a good support. if it break...

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NSE:RELIANCE the stock is consolidating on the top after a significant move. in last trading session stock was not able to break the last week high and made the exact same high forming a double top pattern on daily chart. RSI is in overbought zone. the red line act as a good resistance and green line as a support. the stock is also forming the third wave and is...

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NSE:NIFTY today nifty crossed its 50 DEMA with a resistance breakout. RSI is 59 which shows a good strength of bulls. now the new resistance is 10000. CCI also supporting the bull momentum. it's a long weekend and corona is still a factor that can drive the market down as its solution is still pending. so, hope for the upside but also prepared urself for downside.

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NSE:RELIANCE I think, the stocks is ready to take a downward journey for a short term as the technical says. And also some news related to right issue can make it bearish for short term. stock can approach 1300 as it acts as a good support. this is my view and I can be wrong.

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NSE:BAJFINANCE Bajaj Finance has given a bullish breakout in both price and RSI on daily chart and closes above the previous red candle with good volume. I think it is going toward 2400 in price in next 2 to 3 trading session. this is my personal view and ofcourse I can be wrong.

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NSE:TCS the last 2 trading sessions were very indecisive in this stock, wait for the breakout in either side and make position accordingly. RSI is above 50. the broader view is, stock is making lower high and higher low, narrowing the trade zone. once it break that level, trade for bigger target. this is my view and I can be wrong.

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NSE:HDFCBANK stock has broke and sustained above its resistant and also broke the previous high and it is in good momentum as bank nifty gained momentum today. it can show a bullish move tomorrow.