UBL (NSE Cash) LTP: 1206.65 Support: 1185.50 Resistance: 1242.15 Market cap: 307.86B Vol: 1.17M Rel vol: 2.27 Avg vol: 578.59K Float: 64.366M ***All technicals are bullish Daily chart (long term) The first support, 20 DEMA is at 1154.59 and the first resistance is at 1274.45 so the risk to reward ratio is close to 1:1 which is good. The chart is in an uptrend...
Nifty Futures LTP: 14855.30 Support: 14683.75 Resistance: 14881.85 Daily charts (long term) There was a doji on the 23rd of April which is a pattern that suggests a reversal and Nifty futures have been in in uptrend since then. The candle today has broken a downtrend since 12th March. 20 DEMA is at 14623.03 which will be our first support level. MACD is in the...
Axis Bank (NSE cash) LTP: 694.70 Support: 693.80 Resistance: 700.45 Daily charts (long term) The candle has taken support on the 20 DEMA. There is a clear uptrend since 22nd April MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well. RSI too is trading above 50 which is a good sign. ***Bullish Hourly charts...
Hindustan Zinc Market cap: 1.267T Vol: 5.347M Rel vol: 2.90 Avg vol: 1.866M Float: 222.945M LTP: 317 Support: 313.10 Resistance: 323.50 / 334.40 Daily charts (long term) the candles are following the higher top and higher bottom bull pattern. 20 and 100 DEMA look good. Volume looks good. MACD has crossed over and has entered the bull zone. RSI is in an uptrend...
Hindalco (NSE Cash) Market cap:785.102B Vol: 5.322M LTP: 360.80 Support: 349.60 Resistance: 369 / 375 Daily charts (long term) The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33 MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as...
Buy ICICI Lombard LTP 1454.75 Stop below 1425 Target 1500 / 1520+ RSI in the daily chart is crossing the 50 mark MACD in the daily chart is crossing over into the bull zone Volumes are good at 1.603M 20 DEMA is showing a reversal
Nifty Futures LTP: 16338.60 Support: 14155 Resistance: 14471 / 14477 Daily charts (long term) There are multiple but unclear patterns being formed like a bearish pattern called the double top. A small correction followed it forming a new bullish pattern called the falling wedge. The daily candle of 23rd April is a doji which can mean that the falling wedge...
We can see a Bullish Engulfing candle on the daily charts which is a strong buy signal. Whoever wants to go long can go long at current levels. LTP is 419.65
Can buy for short term as a Bullish engulfing pattern is being made on the daily charts.
Let's understand the daily charts of Nifty Futures. We study daily charts to understand the long term nature of the stock. Candles have taken support at 100 DEMA. The value of 100 DEMA is 14191. MACD has the blue line below the orange one which is a bearish sign and to add on, it is trading below the zero zone with is bearish as well. RSI has resisted 50 mark as...
Tata Communication Future LTP: 1128.60 Support: 1053.05 Resistance: 1194.70 & 1280 This will my top pick as RSI is just about to make a bullish crossover along with triple bottom which is a bullish pattern. Daily chart (long term) Candles crossed over the DEMA on 19th April. The green candle made on the 20th April can be considered as a confirmation candle as it...
Cadila Healthcare Futures LTP: 555.50 Support: 532.65 Resistance: 557.55 The resistance here is the breakout level as well. The stock is trading very close to it. Once the candles cross and trade strongly above 558, Cadila Healthcare might show a big breakout. Daily chart (long term) DEMA here is perfectly aligned. Volume has a strong green bar. MACD is very...
ICICI Prudential Futures Buy idea LTP: 479.45 Support: 460.75 Resistance: 538.55 (539can be considered as a breakout level too) Daily charts (long term) The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern...
Tata Consumer Futures LTP - 679.15 Support - 655.20 Resistance - 697.75 Daily charts (long term) A strong bullish pattern called triple bottom has been formed in the RSI. 5, 10, 20, 50 and 100 DEMA are aligned perfectly. The chart is moving in an uptrend. MACD is sideways in the bull zone. Hourly charts (medium to long term) The 20, 50 and 100 DEMA is in an...
Apollo Hospitals Futures LTP - 3272.80 Resistance - 3308.95 Support - 3046.80 Daily charts (long term) 100 DEMA, 50 DEMA, 20 DEMA, 10 DEMA, 5 DEMA are arranged in a bullish pattern. Volume is in green with good momentum. MACD is bullish. RSI is bullish. Hour charts (medium to long term) Clear uptrend is seen. DEMA are aligned in a bullish pattern but 5 DEMA is...
Nifty Futures LTP 14384 Support 14213 Resistance 14520 levels & 14660 levels Hourly chart (short to medium term) Divergence Indicator has given a bull signal RSI has bounced back from the 30 mark which is a good sign 3 Green candles may indicate that the strength is returning MACD, though in the bear zone, we can see the red bars fading away 15m charts...
Nifty 50 LTP 14359.45 Support @ 14250 Resistance @ 14650 Weekly charts (long term) The candles have take support at 20 DEMA which is a good news. Regardless of the poor opening today, we have a green candle after 2 weeks. MACD is the the bull zone but does show a reversal. We will consider this as neutral. RSI is moving downwards but is again above the 50 mark....
Covid and Lockdown are the only weak factors but technical looks good. Nifty Future CMP 14600 Support 14450 and 14291 Resistance 14800 and 14950 My call as of now is a strict No Trade as the risk to reward ratio is not making sense!