This is what I can see now in daily timeframe. What do you think will happen next?
Looks like there is a good buying opportunity we can get in Amar Raja Battery in the upcoming days which can be an opportunity for long term investment. Currently Amar Raja Battery is in a range. If we will get the price of 560-570, then it can be a great investment opportunity. Stay tuned for more such simple and crisp analysis
Banknifty is in a range and I have already discussed the same in my videos earlier. Today market open exactly in the support area. So there was no space below it for the downward movement. So it became sideways for sometime and revered to the upper resistance level. For tomorrow also i will keep this range in the mind till the time there is no breakout or breakdown.
HINDUNILVR is looking good here for buying. Target and STOPLOSS are mentioned in the chart. It may take around 2-3 months to reach the target.
I can see a Cup & handle pattern in TVS motors. Also 648 level is working as a strong resistance. Sustaining above this level may move towards a good upside till 1050 in new few months or a year.
I can see a symmetrical triangle pattern in ITC. I will wait for breakout/ breakdown of the triangle to make position.
I am expecting nifty to touch the lower line in the range soon to start continuing its upside journey.
Symmetrical Triangle Pattern in SBIN. Traders Keep watching for opportunities on breakout or breakdown.
Here I can see an opportunity in Reliance to enter in between 2559 - 2574 Level. SL Can be at 2472. But in the Long term Reliance can touch 3000 very soon. Investors can add more. Swing Traders can follow strict Stoploss.
Looks like the market will fall to the lower range in the next few sessions to continue its upside journey.