Looking at SAIL charts with 1 hr candle, we observe that SAIL is consolidating between 114-116 with Stoploss below 112.
NIFTY movement can be seen in a tight range moving in a parallel channel. Support at 19200 and Resistance at 20200. The Index has shoot up 5% in the past 2 week. Keeping the steep movement in mind, proceed with caution.
AXIS BANK is very near it's all time high. The stock has taken support at EMA 50 level. In the coming days we can see AXIS BANK crossing 1000+ provided we have support of the broader market.
As can been seen from the chart, an important level for NIFTY is at 19250-19200. A fall below 19200 we can expect NIFTY to fall below 19000.
Paras Defense has formed a descending triangle pattern. Given the recent correction in the Price of Paras Defense and the emphasis placed on defence stocks. I recommend to go long TGT- 800-850 SL- BELOW 660-650
MANA/USDT forming a breakout pattern on technical charts. after the recent correction, we can see some momentum and growth.
Mangalam Organics looks good for a swing trade first TGT 1040 SL- if the trend line is broken
TATA MOTORS after seeing a huge breakout from 350 levels has been consolidating between 480-510 for almost a month. The good news is that the stock has taken strong support and shown resilience at 475 levels any price below 475 is a buy zone as the stock has recovered quickly after dropping below 475. Upside and Downside both capped. Until we see a strong...
ETC has formed an ascending triangle formation and looks all set for a breakout. ETC/USDT TGT 1- 65 TGT 2- 80
ETD/USD has been following a parallel channel for a couple of months. Ethereum has been following a rise and fall pattern while being in a parallel channel and following the channel. Keeping in mind the current crypto rush we can expect Ethereum to follow the same channel unless there is a breakout from the resistance zone or a sell-off from the support zone.
VET/USDT important levels. Support and Resistance zones I'm a student, not qualified enough to give financial advice. Trade at your own risk.
ADA/USD forming a symmetrical triangle pattern. ADA has been consolidating hitting lower highs and higher lows, considering the recent push in crypto ADA might give a breakout Right now the price is consolidating between 2.2-2.1 USD and might break its all-time high after the breakout PS: I'm a College Student, not a broker, I'm not qualified enough to suggest...
BANKNIFTY crosses it downward trend at 34333 and opening gap up at 34900. There was some resistance at high level, we saw banknifty falling and taking support at 33280 level. then we got our breakout confirmation when bankinfty jumped 1200 points to 34694 and closing just 90 point short of days high. we can expect NIFTY to cross ATH being lifted by banking and...
HDFC Bank downward momentum seems to be broken bull run will begin now take a long position with SL- 1460
CHOLAFIN long position might break the resistance level of 545. consolidation is seen between 525-535, it tried to break the zone but could not sustain it, the stock is following the trend line looks good for a break-out and long position.
APLLTD seems to have stopped its downward trend and ready for a long position. TGT 1- 980 TGT 2- 1000 SL- 880 PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
RELIANCE trying to break its resistance zone of 2090, if it can sustain at this level we can see it crossing the next resistance zone of 2120. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
CHOLAFIN is consolidating between 525 and 535. consolidation can be expected to last for a few sessions. the stock has seen a fantastic run in the past few months, such consolidation is normal. Overall momentum is bullish on this stock. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen...