Positional Opportuity above 1100. SL:1088 TP1:1138 TP2:1150 TP3:1168 Give this post a like, if you agree with this analysis. Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own...
HUL is finally bouncing off the demand zone it has been maintaining from July of last year. Basically, HUL has been in the range between 2440-65 and 2725-60. After accumulating for around 10 days at the lower level of the range, yesterday (4th oct), HUL printed a strong Bullish candle closing above this accumulation range. I am planning a long-swing trade on...
Hello friends, After witnessing a fall all thorugh out last week, it seems market is approaching a strong support and demand zone. Immediate supports at 19636, and 19575-550 (last demad zone + 50EMA on D chart) Planning a swing trade on a strong 30 mins buying candle at any of these levels. Market might retest these levels, so will add some more position on...
Hello traders, hope you had a great weekend. This previous week was a rollercoaster for Nifty. Bulls were able to drive Nifty up to 19565 but then failed to sustain it and bears aggressively stepped in and trashed the buyers in the market. We saw market closing below 19250 on Friday. That's the lowest close since July 3rd. We can see that Nifty has printed a...
Hello traders, Post market analysis 23 Aug It was a great recovery from the Low of the day, forming a very bullish candle on Daily chart, closing near day's High. expecting continuation of this newly gained Bullish momentum. trade plan for tomorrow 24 August: 15 min close above last session's High keeps me in a long trade, and 15 min close below 44400 is...
Hello traders, Post market analysis for 23 August: today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472. If we look at Daily chart, we can see three consecutive HH & HL. Amidst traders anticipating a Bearish move, market...
Nifty is coming out strong today. Good recovery from lower levels of 300. and a breakout above 385 after taking its sweet time consolidating below 385 is a good sign that we might see a contiuation towards upside. TP1: 450 Tp2: 470 SL: 15min close below 365. If day closes above 500 (by any chance), swing targets will be 640 and 800 (32).
Good morning, traders. Analysis for thursday still remains intact. On thursday, market opened in the range of last trading session and remained in that range, thus the price action was kinda choppy. my plan for today: case 1: 19460-19300 remains no trading zone. case 2: if the market opens below or crosses 19300-280 zone, will short for immediate target of...
today (16th August), market opened again at around 19890 level. After the opening dip, Buyers managed to defend 19360 level and ultimately managed to push the market above 400 and then breaking last days High. Few key points: 1. opened at same level at last trading session. 2. Made a Higher low. 3. Made HIgher High. 4. Higher Close. which indicates relatively...
19300 level proved to be a strong support. After first 15 mins of selling in the market, we saw buying in the market. whole day we saw Bulls stepping in at every level (350/400). Although it is forming a strong Daily candle, we can't be so sure that it will resume Bullish on upcoming days. This move back to 19420 might just be a pullback and retest of this...
NSE:NIFTY Bulls managed to take control after 2 negative days and kept the market above 50% range of yestterday and closing near days's high. Looks like a H&S in formation on 30mins chart. aboove 550-570 range we can expect Bullish momentum.
BTC on the verge of breaking H&S neckline at 40k on Daily and Weekly charts. We might see BTC at 30k if it gives closing below 40k. Keep an eye.
GODREJCP Daily Chart Analysis: This counter is trading currently at 20% down from its ATH. After the break down form the trendline, the price has fallen to its 200 EMA on Daily chart. GodrejCP can prove to be a good swing trade with upside potential of 20-23%, if it takes support on this level and shows signs of reversal. In case it closes strongly below 900,...
Head and Shoulder on Nifty Daily Chart. We are at the neckline of the pattern and also, the Nifty is now at 50 EMA. Next week is going to very crucial.
Yesterday was a day full with consolidation. We might see some action today as we breakout of yesterday's range and the global markets looking positive.
In case market opens gap down and breaks below 36525, it can be a good short opportunity for the target of 36220.
Observe the channel Axis Bank is beautifully following. Good long opportunity above 796. Or it can follow the channel for one more day, in that case short below 785.