NSE:BANKNIFTY observe price action before entering trade
NSE:NIFTY triangle pattern formation in nifty
NSE:GODREJPROP likely to break the triangle to the high side. enter only at the break and retest (safe players)
NSE:TVSMOTOR Possible good risk to reward trade on TVS motor. took the trade at 600 with SL at 591 in futures chart. Reasons: -1hr rejection candle at the important support area. -Bullish rsi divergence in 1hr chart. -Price at very imnportant demand zone for the stock. -very small SL for the trade. Targets:- book 30% qty at 617 1:2 risk to reward. will be...
NSE:TVSMOTOR again approaching the important level. watch this stock at the bottom line for reversal or breakdown. possible trade with small SL
NSE:NIFTY SGX nifty showing gap up open and 15800 is a major resistance in nifty massive call writing at 15800. if 15800 is broke and sustains short covering can push nifty higher. if nifty opens with slight gapdown that can trigger further selling in nifty.price action also suggest that. 15800 is going to be crucial tomorrow . 15650 is also a crucial level...
NSE:BANKNIFTY Banknifty showing inverse head and shoulders pattern on 1hr time frame. which is a bullish sign. 1hr candle sustains above 35530 implies the next tragets as 36000 and 36400 on a swing trade basis with SL below 35200 The important levels for tomorrow and the possible targets are marked on the charts on a 15min close basis. price action shows...
NSE:ZEEL zeel giving 1more chance for a long entry. already booked some handsome profits in zeel from 192-232. right now it is at the trendline support + 200ema 1hr. broke the creective downtrendline. RSI downtrendline breakout in 1hr stochastic moving up from oversold region in 1hr chart. SL can be kept below trendline. targets can be 250+ good risk to reward trade
NSE:NIFTY 15min close above 15825 confirms the bullishness. any pullback above 15632 is like bough into for me. 15min close below 15632 shows weakness or bearishness. if nifty opens gapdown and moves down 15730-15740 can be a support zone
NSE:HINDALCO 15min close below 360 can trigger selling pressure and the possible targets are marked in the chart. positional view
3122-3157 IS GOOD ZONE OF SUPPORT TESTED MULTIPLE TIMES. currently price is taking support after breaking an important uptrendline. 1hr close below 3122 can take the stock to 3000 levels.
NSE:DLF dlf sitting at an important trendline support. If it breaks the red downtrendline and forms a w pattern breakout upside on 15min time frame I am planning to go for positional trade with good risk to reward. hr stochastic also at over sold territory watch this stock for coming days
NSE:BATAINDIA LL LH formation + trendline breakdown short target 1630. entry at 1650 retest
NSE:NIFTY Important levels for nifty are marked on the charts on a 15min close basis. 15630-15632 will be a very important support for nifty on a 15min/1hr close basis. this level is 61.8% retracement os the previous upside rally and it is a good price action support. On the upside 15773 on a 15min close basis will be a important resistance. SLs of short sellers...
NSE:BANKNIFTY banknifty looks bullish above 33841. 33800 call writters go for cover as well as 35000 writers. Likely to propel markets higher. OI data show high bearishness which might be a trap. 33841 is a good resistance as per price action and a 15min close above that will result in a change in downside structure. observe price action. take only next month expiry
NSE:TVSMOTOR Tvs motor clearly taken support at the lower end of the rectangle. accumulate TVS on the next dip with SL below the rectangle watch the upper end of the range and if it breaks TVs can give ballastic move
NSE:NIFTY 15814-15825 is a good resistance zone on 15min close basis. If this level is respected tomorrow we may see further selling. all the important global markets are currently trading flat and we have to observe tomorrows price action for trades. The important levels are marked on the chart. 15730 is a level of importance if market opens near to today's...
NSE:NIFTY Usually after a big rally the following day will be sideways day. st 1hr range will be important tomorrow. all the European and American markets are trading in extreme green which indicates a gap up open in Nifty. 15800-15826 will be a resistance level for nifty tomorrow.