Structure of Reliance supports bullish continuation on this intraday 15 min chart after the stock bounced from a decent support level
Nifty 15 min chart for intraday trading with levels and structures marked
If HDFC comes up with good results and if budget is good and there's some positive news in favour of housing finance, then a possible trade scenario is highlighted on the 60m/H chart.
A strong downtrend is clearly evident here on EURUSD, with Dollar gaining fuurther strength post FOMC. A bull trap right at the supply confluence further increases the momentum on the downside.
DSSL (DYNACONS SYS SOLUTIONS) played out a perfect breakout. Check the annotated chart. Use it as a template or an example to find next big momentum trades. Also keep this stock in watchlist for weeks to come and enter when a safe entry with low risk is available.
Crude Oil has been in a strong uptrend for a while now and is getting even stronger with a fresh breakout, and reaching the 2014 levels. Will be an important data point going forward for its impact on macroeconomy of India and also the equity market.
Reliance hourly chart structure is presented with some key levels to take note of going into this week.
Banknifty saw good buying at Friday closing, have marked some important levels to keep track of in the market hours, post ICICI Bank results
Bitcoin broadly in a range, fell after breaking a key support level which had acted as support/resistance multiple time in its life. Next good support level is at 30k
30 min chart of the Nifty IT index is a perfect textbook example of Wyckoff cycle playing out stage wise.
Mature stage 4 is visible in Nifty IT index after Wyckoff distribution (stage 3) played out. Will we see more selling or can the market halt the downside progress here?
Biocon has posted a good result and a reversal pattern is visible in the chart, with good volumes and range expansion happening in bars in recent times.
Trend is mature now, momentum is getting less, as can be seen from the RSI, pre-budget volatility can't be ruled out.
Price looking set to come breaking out of this long consolidation bearish channel, range of the upbars expanding.
HDFC Life clearly seeing some buying, vcp type structure is visible here in the hourly chart, also the stock has not moved in a year and less eyes on the scrip, can run like SBI life from here. Seems insurance sector run is starting to take baby steps. Dailly chart also looking lie a good reversal setup overall.
BPCL is building up, can gain momentum and move to the upside. Note the series of Higher Lows inside the trading range, price action in hinting a bullish breakout. News flow of privatization in this budget season can be the undercurrent for PSUs
HDFC Bank is cushioned on 200 DMA, long tail bars at the channel support, fakeout behind it, looking bullish
Bharti Airtel 30 min chart, stock has been in good short term uptrend and now is consolidating at a support level