1. Made triple bottom 2. todays candle shows strength over resistance 3. sustained after giving breakout 4. above all key moving averages (50,200,400) 5. today it respected 50 EMA
taken support from previous demand zone close above 200 EMA making HH & HL momentum very bullish RISK : REWARD = 1:2 preferable (1D TF)
Reasons for pick up: 1. breakout channel with high volume 2. taken support from 200 EMA 3. break 50 EMA 4. auto sector bullish as nifty bullish 5. taken support previously tested levels Target - 950 SL - below 725
earning result @ 14/5/21 * symmetrical triangle * momentum increasing * range bound between previous resistance & support buy @ above 910 sell @ below 870 NOTE - (have to sustain at least for 15-30 min)
short Nifty entry - sustain below 14250 (buy put) target - 14150 - 14000 cancel position - 14500
[b ]TRAGET - 390 - 400- 415 SL - 355 REASONS : 1. Break channel 2. done 50% Fib retracemnt ( 1D TF) 3. break 50 DMA , 21 DMA ( 1HR TF) 4. gap filled 5. taken support at 50 DMA ( 1D TF) 6. momentum gose up , RSI
buy ABOVE 995 sustaining Targets - 1050-1100-1150 REASON - 1. trendline support 2. 50% fib retracement support 3. previous resistance acting as support 4. nifty seems bullish at 14300 5. moving in trend as shown in chart NOTE : going to long if and only if market gose up
entry - 2150 Target - 2200-2300 SL - 2050 *Reason for this pick up* 1. closing above 2100 (phycology level & strong support) 2. done its retracement after break the trendline - 38% fib 3. taking support at 50 EMA daily TF 4. todays market recovery after falling 5. high weightage in NIFTY 50 to move up
ENTRY - 715 TARGET - 740-780 SL - 690 *reason for this trade 1. trendline support 2. 61.8% retracement done 3. bullish nifty 4. metal sector up
you must take this short opportunity SBIN #SHORTSELLING all positions has shown in chart ENTRY , TARGET 1 , TARGET 2 , SL "HAPPY TRADING"
if it supposed to be break the support area at 3469.55 short below that candle BEST opportunity #SHORT SELLING ENTRY - low of support breaking candle TARGET 1 - 3435.30 , TARGET 2 - 3407.20 STOP LOSS - high of the support breaking candle "happy trading"