HDFC is near Long term support zoneIf support zone works then here we can see some pull back. Pull back can go 2355 take SL 2080 Trading time frame should be 2 weeks. As broader market breadth is downside so do proper hedge your position so that minimum loss can be there.
Long HDFCBNAK Why ? Double bottom pattern is reversal pattern Buying can be seen as near long term support retest as well This long will be Pull back long
Target- 285 SL- 205 Canbk chart is looking bullish with trendline breakout in daily chart Moving in rising channel Selling candle volumes are low and buying candles volumes are very high means strength is there from buyer and holding in falling market as well. ROC, Vortex and RSI is positive for CANBK quarterly results are very good which is giving strength for upmove
Federal bank reported last 3 quarter very good results hence expecting price to go 20-25% up from current levels As per technical analysis rising in channel RSI taken support near 45 ROC and Vortex is looking positive in near term
Shorting USDINR Reason:- 1) Near long term resistance double top pattern in daily 2)ROC breached downside 3) RSI and Price in bearish divergence formation early in daily chart , 4hr already done Keep SL 77.15 or trade in option hedging sell 77 Call and buy 78 Call
Axisbank is looking week in Daily chart If you see the structure then seems breaking the support trendline but intraday got some support If break 725 the expecting 685 and below 725 is crucial zone for Axisbank. Technical indicators like RSI ROC Vortex is again showing selling sign. Trade in option hedging that will give you confidence
ICICI bank is looking week Daily chart candle is now near 200 EMA and breaching that one then it can go dip by another 10% ROC RSI VORTEX is negative Today Falling candle is high volume means sellers are more than buyers and Falling in downward trendline not single day breached that trendline
Short Crompton. Why? Breakdown 50 EMA Taken Resistance from downward trendline ROC and Vortex is still negative. Trade with Stop loss or hedge
Static dynamic support if coincide together then zone is high probable trading and investing zone and same for static and dynamic breakout coincide together is also high probable trading and investing zone. like the page if u love this depiction
This chart is explaining static and dynamic support. here horizonal base line is creating as static support and 200 EMA is creating dynamic support arrow upside mark below 200 EMA is showing dynamic support for price arrow upside mark below horizontal line is showing horizontal support line click like button if you like this support tutorial
Federalbank Long for 106 as their is breakout in small time frame resistance. It can go to next resistance as per technical analysis. Technical indicator , RSI,ROC ,Vortex, EMA all positive
Breakout in Descending triangle pattern which is bullish in nature. Above 200 EMA in daily chart which is bullish in nature and attract Institutional investors and big shots
Pfizer is looking week as string support zone has breached with triangle pattern creation. RSI ROC and Vortex is week.
GAIL giving breakout in Flag within channel Technical indicator RSI ROC and Vortex is bullish and above 200 EMA in daily chart I am seeing 20% upside in GAIL
AlokInds breakout is there after long consolidation area. Technical indicator RSI , ROC and Vortex is positive. Holding in cash -2-3 months of time We can see this counter 30-40% from CMP
RADICO Long in cash due to symmetrical triangle pattern breakout. Target would be height of triangle
Looks like Flag pattern and wedge pattern within Flag both are bullish in nature . Data is positive
Clear uptrend breakout in chart or you can say break the darvas box upside. Target is height of rectangle box