Here are some of the key levels which you should keep in mind white trading
Bank nifty important levels are mentioned on the chart for swing trading
A beautiful buildup is seen in Poonawala Fincorp Ltd, if closes above 308.5 then we can move towards 316 with a small stoploss.
Mentioned on the chart are the key levels of support, and the brealdown.
AEGIS LOGISTICS is nearing all time high with good momentum, as expected it is facing a rejection here but if it could break the resistance and sustain above the 375-385 zone, we can see a good upside movement in comming weeks. If you are going long, be tight with your stoploss as the rejection could be wild!
Moving towards all time high, Bharatforge is ready to blast!
As mentioned on the chart, nifty 50 is trading near a very strong support area, if it breakes we are open for targets upto 18400.
Larsen & Turbo is making a new high after more than 11 months. On the weekly time frame it is a very strong breakout, and on daily basis it has set up quite nicely for a positional trade, If one has missed it, can enter on a correction on hourly timeframe, keeping stoploss below the indicated red line. Keep in mind that, risk management is "everything" in trading.
Redington is breaking out of a good consolidation, my first target would be 200+with a small stoploss.
TWL is breaking out of a strong resistance level, if it sustains above 190 on weekly closing basis we can expect a 10-15% up move in no time. Keep it in your watchlist.
Bharat Heavy Electricals Ltd, #BHEL has given a strong breakout on the daily timeframe, if it sustains above 83.5 level we can see 90 and 100 on the charts in few weeks. On of the good #stocks to watch for!
RELIANCE is looking good on charts, taking 2700ce as btst..!
After a long and deep down trend, Bandhan Bank is showing signs of reversal, it was a bullish hammer on the weekly chart last week, and from past two sessions the stock is showing good strength. As indicated on the chart if it breakes the upper resistance zone we can have big targets in front. Stoploss could be from 205 - 195 as per one's risk appetite.
As we can see nifty bank is at a crucial level around the all time high area, i would be very cautious in going long as well as short at this time, so it is better to wait for some important levels to break either on the up or the down side. In the attached image I have marked key levels on both sides based on the technical analysis. For the long side 43228 and...
#Nifty facing regection at all time high level around 18600, good time to go short with small stoploss. Do your own analysis and watch your risk rewad before taking a position. #optionstrading