> After continuous fall Maruti has entered key support zone and hinting to go up.
> Key movements to watch are to see if price can close above 200EMA and volume is higher than last 5 days average
> Price is consolidating between 6950 to 7020, if price closes above 7025 on hourly time frame, go long on swing trade, with SL of 6800
NTPC is showing positive sign to take next leap of growth and looking as promising stock for SIP or short - mid term holding.
Chart has been analyzed on Weekly Time frame... portraying good movement after trendline breakout and expect price to pickup it momentum, if price on daily time frame closes above 115
We feel it's an ideal BUY and HOLD stock for short...
ICICI Prudential forming Elliot wave on daily time frame and looking bearish. Target & SL is mentioned for paper trading, will appreciate your comments to improvise my drawing & price analysis.
Nifty may take a snap recovery on 29th Jan'21!
+ Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels
+ Day is closed with a Doji candle at the bottom of Bollinger Band
+ Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn
+ A strong...
SBI has formed bullish engulfing candle on bottom of Bollinger Bands, in daily time frame
On 1 Hour TF; it has has closed above median line of Bollinger Band and formed bullish candle; with MACD crossing from below line and health RSI
Can go long in Intraday / Swing trading.
For Intraday, I am buying with SL-M of 285, with SL 1 ATR (Rs.10); trail SL to cost on...
SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame.
Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead.
With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade.
SL & Targets are mentioned on the chart......
Considering the fundamentals of HINDPETRO and peer companies, stock is well placed for exponential growth in medium term of 12-24 months.
For one time / staggered investment:
Buy at two zones : 216 - 220 and between 200 - 205 Levels
Stop Loss : 160
Target: 245, 310
For SIP:
Buy on weekly SIP and accumulate for 8 - 12 Weeks
Sun TV Looking bullish:
+ Price broke high of Cup & Handle formation
+ Price closed above 200EMA on weekly chart
- Stock has daily beta of 1.07, hence can swing along with the Nifty, ⬆️ or ⬇️
RBL bank was trading within consolidation patch for a long term and now price has broke out resistance zone and crossed 200 EMA and taking support at this level.
Steady financial results of Q2 and fresh capital infusion can give required impetus to stock price in December'20.
Buy Range: 220 to 230
Holding Period : Till 31 Dec 2020
Target: T1 260 | T2 295
Stop...
TATA Motors has picked up positive momentum after taking support from 200EMA.
Price crossed 50EMA and formed Bullish Engulfing candle, signifying positive momentum
Basis Fib levels, a minor resistance can be seen at 139-140 level, once breached it can go Up, near to resistance zone 150 in next two weeks.
Bank Nifty is showing weakness upon reaching Resistance zone (marked basis ERC).
Seems like it can only give fresh upward movement, if price breaches 25,300 and sustains this level at least for a week.
