Banknifty is going guns blazing in November future, near to very strong supply zone , but volume is good near to supply zone . Look out for marked level , if that is crossed , there will swift move to up side.
On A Daily TIme frame , BankNifty has broken Rising Wedge pattern When Price Action is considered, Dynamic Resistance still needs to be broken at 21023 if we consider bull to come back but not before 21356. Multiple touch of upper trendline that makes dynamic resistance . Upper trend line was respected for almost 5 months. Looking further you will observe...
Weekly and daily both chart done , looks like it is going to be good time for down for whirlpool Trade active from 2200 and target for 1615 in duration of 35 days
Grasim Has broken through the Supply Zone and broken the ascending triangle and now created its new short term demand zone Look for a pullback . Recommendation Entry should be some where between 644 to 654 Stop Loss 608 Target - 729 Key Factor for consideration High Volume Strong breakout Triange pattern breakout Hugh Candle formation
Spotted Head and shoulder pattern on SBIN. Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break, Even on Hoursly Time Frame it is bearish. LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock. Also if you notice too much conjestion now, near the right shoulder On a 4 hour chart...
Add this stock to your portfolio when comes below the key level mentioned on the chart. Even though the volume is giving sign of short end but key break on daily chart of major trend gives an indication and opportunity to add
Castrol India to watch out for fall on the week and daily chart for important support line
There seems to be some kind of pattern formation in the stock. ABC, Leg is done D is getting made. Though i believe , Stock has bottomed out with RSI giving good signs of it. Still Price action is telling for some 2 -3 Rs down. If you see level 210-211 enter for the mentioned prices . if you see good signs of reversal. Disclaimer : Not an investment advice.
Intraday : Short Opportunity Trade for D leg , level mentioned you can enter at CMP and TP at Entry mentioned for reverse Entry Positional Or Intraday Enter at Level Mentioned with Green bar and TP at Blue bar or Pink bar with Level Mentioned as TP1 and TP2 Disclaimer : Not an Investment advice Note : Level is been used with Pivot points
Trade is valid only for the given levels Adani Enterprise started trading range between 155-175. 175 should be its last peak and there there will be downfall from there. Short covering has started in stock with low to almost no data above 175. should be good candidate for fall. If in case it breaks above then FLAG pattern will be active . but from looks...
Last trade was successful!! There is again chance for the re-entry to TP3 target Note: Look for the Pink Color only(Reentry defined in Pink colors along with SLs) Disclaimer : Not an Investment advice. If you see gap up or gap down opening (Very high probablity that i could open with gap) then leave the trade do not enter then. Look for the...
THis is not convincing Head and Shoulder pattern. Why? Volume is not convincing at the peak of heads !! Long term trend is down !! You could enter at the given level with Week hold in mind . Take profit 1 can hit as INTRADAY and if you could hold longer TP2 will also hit. Keep in mind, Stock is not trendy as much trending sideways. Disclaimer : not an...
ABCD pattern creation in Exide industries. Go Short at current level with TG 1 and TG2 mentioned in chart. Follow strict SL here. All Level mentioned in the chart. Also Cypther pattern in preparation , will update once it is completed.
ICICI bank is in downtrend but do not enter right now. Look for the better R:R ratio. SL is in range, if you trading in Intraday your SL should be with your convinience range between 329-330. If you are doing interday or holding stock for multiple day. you can take better risk and your reward will be higher, make it 335. Hope this gives your good R:R...
Key Level to watch out for(Study of 5Year chart) Though there will be some correction in between. It is predicted that Nifty will come down to 9900 - 10000 Level. Some Intraday Opportunity will be there if 9th 0.96% October opens the nifty above 10331 Level.However Expcting that intraday opportunity should end on 15th October or maximum by 19th october...
Perfect Gartley Pattern created by Aurbindo pharma!! Looks like it is barely holding above RSI 50 and Two perfect rejection from trusted trend line. Targets are defined in Chart!! Disclaimer: Not an investment advice!! Will update on progress,if trend does not hold