DOUBLE DOJI FORMATION IN SUPPORTAREA INDICATINGLACK OF SELLERS.BUY TRADE CAN BE INITIATED FROM HERE
TRIPLE BOTTOM BREAKOUT IN NICKEL INITIATING A BY TRADE WITH SL BELO 1095
DOUBLE BOTTOM BREAKOUT ON ZEEL DAILY AND HOURLY CHART INITIATING A LONG WITH SL BELOW 207
As we have seen some pressure in both the major indices we noiced that Cadila was earlier facing resistance and now again after testing its resistance zone yesterday it reversed from its selling zones. so we can see some more selling pressure in this scrip..
Crude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its...
SBIN after a long consolidation have given a breakout of the major resistance of 195-200 zone and at the same time given a breakout of symetrical triangle pattern and now retesting it. A long trade can be initiated here with sl of previous swing low for target1 and target2.
BPCL seems to take support from and important support level and bounced back. a bounce back trade can be initiated here with stoploss below 397 for target 440-450
In Bank Nifty 22400-22500 acting as a strong resistance zone. And RSi is dimnishing.. Failed to break these level Bank Nifty might test 21300 - 21400 again.
As we have seen that nifty is taking resistance from its importance trendling on daily time framealso we have decreasing momentum on RSi showing that the buyers are dimnishing. 11400-11450 comes out be important resistance zone one must stay cautious here. Longs should be avoided here.. if any correction comes nifty can test its previous support levels of...
BHEL has given a very beautiful for Cup & Hndle Pattern and its now test the channel. We ca Initiate a long trade here with stoploss below previous swing low for target 43-44
buy gold with day low sl for target t1 and target t2
Stock has tested in major support zone of 63 and bounce back from those levels and broke the down trendline indicating continuation of the current momentum. A Fresh can be initiated at 66.5-67.5 levels with stoploss below previous swing low for target 1 and target 2
Jyothy Labs is in a strong uptrend and is continuing its move. Recently it has tested its previous resistance which is now working as a support and now given the breakout of a down trendline so we can ride this trend with strick stoploss.
RBL Bank is been trading in a range and formed a Inverted HNS pattern on 1hr TF.. and the neckline brokeout on 7aug. now the scrip its retesting its neckline.. a long trade can be initiated here with stoploss of previous swing low for target of recent swing highs and even more...