NSE:TATACHEM tata chemicals is sitting at a good value area. retesting the trendline and made a double bottom breakout which almost confirms that the trend is reversing. If it opens gap down look for a good dip to enter for positional trade. Observe the price action and trade as per your risk to reward
NSE:DLF Dlf is at a good location currently respecting the down trendline. 5min close above 305 will be a trigger to go long or I will wait for 300 levels to be tested and form a w pattern in that area to go long.(200ema of 15mins)
NSE:LT LT is sitting at a good support area after a major profit booking. Good place to go long with good risk to reward. accumulate on the next major dip with SL at 1448 target 1579
NSE:NIFTY trading with a bearish bias on upperside of the channel. As mentioned yesterday it is a zone of cautiously bullish scenario for me. I will update the view tomorrow
NSE:BANKNIFTY These are the levels that i will watch to trade bank nifty tomorrow 35500 is good resistance as per OI data and OI data suggest more call writing. will see the price action tomorrow
NSE:IGL IGL took support at the upward channel faced first pullback and currently halting at 38%retracement of the upmove it is forming a good head and shoulders pattern in 5min chart but buying volume is greater then selling volume on H&S formation. 5min close above 541.75 can trigger long and if 544 is also breached then I will hold for 2 to 3 days. 5min close...
NSE:IRCTC Irctc is getting ready for a ballistic move upside. flag and pole breakout in 1 hr chart and again forming flag and pole in smaller time frame. stock currently at a good value area. if it moves above 2115 after a gap up open I will add for positional trade with SL at 2071 Stock has the potential to go till 2300 in the short term. 2182 will be the target...
NSE:ESCORTS Downtrendline break in daily chart. When it hit the down trendline there was series of red candles in 1hr chart but the volume was diminishing on successive candles. 11th june candle opens with gap up and closed by breaking downtrendline(shows good buying momentum). on 1hr chart it is retest after the trendline breakout and on 15min chart it has...
NSE:JUBLFOOD planning to go long above 3210 (5min close) Sl at 3190. Looks like taking support at a good area
NSE:NIFTY My view 15750-15835 slightly bullish to sideways 15720-15660 bearish to sideways 15835 and above cautiously bullish. 15660 and below bearish. watch the channel pattern in NIFTY Nifty faced panic selling today due to scam-related rumours with Adani group but it was bought into during rest of the day. nifty closed at fresh all time high again. I am still...
NSE:BANKNIFTY 35000 calls are written heavily which is at the money; hence if 35000 is crossed in the morning it will quickly reach 35100 and if that level is also breached 35350 is on the cards. 35000 is also the 61.8% retracement of last fall. on the downside if 34700 and 34560 are very important levels. if 34561 is crossed on a 15min close basis then 34400...
NSE:BANKNIFTY Banknifty price action shows it is sideways between 25400 and 34650. Until any of these levels are breached we cannot take any aggressive positions to any side (not intraday) right now banknifty is halting at good levels for tomorrow if it breaks 35000 in the 1st 1hr there might be continued selling which can take banknifty to 34650 levels. (safe...
NSE:ADANIPORTS Looks like the breakout is a good one. Planiing to enter at the rest or when the high of the small red candle is taken out. Some scam related rumours are happening with adani stocks if heavy profit booking is happening right at the open itself I will be avoiding this
NSE:HINDUNILVR The stock is currently at a good Support on daily chart its a triangle consolidation after a good upmove forming HIgher lows from the last major low onwards. From 28th may low onwards it formed HL HH format. It didn't break the downtrendline but currently, it broke the 200ema of 1hr with power and retesting the same. Entry can be made with very...
NSE:TCS The levels are on a 5min close basis. NIFTY IT and NIFTY pharma are likely to perform in the coming days. Nifty metal will be weaker depending on tomorrow's price action.
NSE:JINDALSTEL 1hr chart of jindalstel. Likely a retest after breakout. If we get good candlestick at the trendline retest. It will be a good risk to reward trade Waiting for the price action at the retest.
NSE:BANKNIFTY Banknifty is approaching the trendline support It also has 200ema of 15min and yesterday close price. The trendline looks like a good confluence of support. enter only at a candlestick reversal pattern on 15min.
NSE:JINDALSTEL forming Flag and pole pattern Today broke 200ema of 1hr with good volume. and sustain above it. Watch for a breakout from the triangle 15min close below 408.3 is SL for me