Jubilant foodworks has broken the weekly downward trendline. After consolidating with high volume, it has broken the trendline showing its bullishness. 910 - 950 is the strong support area. However there is a hidden bearish divergence in RSI. Price may reach the support line again to get support. Or it will move upward breaking the bearish divergence. Targets are...
BankNifty has taken support at the level 20400 - 20450. Banknifty is buy above 20450 with the stoploss of 20400. Targets are 20550, 20600 and 20650.
After getting support at 8860 nifty is gaining strength. Nifty is buy above 8900 with the stoploss of 8880. Targets are 8920, 8940 and 8950.
Equitas Holdings is trending along with long term support line. I expect this stock to take support at the trend line once again and move upside. Close above 186 will make the stock to move faster. Hidden bullish divergence in RSI indicates the stock will have uptrend in coming days. Hidden bullish divergence happens when price is making a higher low (HL), but the...
When you are a day trader, what things you need? Apart from the trading platform, chart, money and technical knowledge. You need a 1. trading plan/strategy. 2. Should know when to trade 3. Should know when not to trade. 4.Risk reward ratio. Trading plan/strategy depends on your trading style. Even I analyse/plan my trades, but in experience I have seen market...
It is fascinating to see more than one RSI divergences occuring nearby. No 1 is a hidden bearish divergence which made the price to fall. No 2 is also hidden bearish divergence which is trying to pull back the price down. No 3 is a hidden bullish divergence which will take control of the price. I expect the price to move down and after taking support it will...
Tatacommunications is consolidating inside the triangle. Close above 745 indicates bullishness. Stoploss 741. Targets are 748, 752 and 755. Use trail stop to protect your profit. Another version of the analysis is also here.
Nifty is at the support zone 8890 - 8900. Close above the support indicates nifty is bullish. Targets are 8920, 8935 and 8955 with the stoploss of 8890.
Bank Nifty is trending between the support zone 20560 - 20590. Close above it indicates banknifty is bullish. Targets are 20630, 20680 and 20710 with the stop loss of 20560.
This is a very long term investment as the time frame of the rounding bottom is monthly. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it...
The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish. When buyers enter the market at a low price, it increases the demand for the stock. Once the rounding bottom is complete, the stock breaks...
It has been observed on daily chart of XAUUSD, getting support at 1129 price action reached 1221. Daily close above 1221 indicates bullishness of XAUUSD. Target is 1248. Stoploss is 1215.
An important query from the traders to me is how to learn trading? Is there any course or books available? Courses I dont know. Books I can refer a few. Technical Analysis Explained by Martin Pring. A Complete guide to volume price analysis by Anna Coulling. Japanese candlestick charting techniques by Steve Nison. After reading these books, when reading the ideas...
I have seen many people investing when the price of a script is falling rapidly. With the thought that script is available at less price. Please dont do such guessing and enter in to investment. Dont simply invest when some one says buy. If you are sick, will you see the tv and take the medicine since some one says so? When we are giving importance to something we...
Bank nifty is buy above 20765 with the stoploss of 20715. Targets are 20950 and 21040. Always use trail stop to protect your profit.
It has been observed in 30 mins chart price action has broken the downward trend line indicating bullishness. Bankbaroda is buy above 168 with the stoploss of 165. Targets are 172 and 174. Use trail stop to protect your profit.
PNB is buy above 142.5 with the stoploss of 140. Targets are 144.5, 146 and 147.
Bank nifty is buy above 20560 with the stop loss of 20500. Targets are 20780 and 20900. Use trail stop to protect your profit.