Levels are on a 15min close basis NSE:AXISBANK
NSE:ZEEL Aleady in Swing trading with this stock. It consolidated inside a triangle latter half of the day. Can Consider long entry above the marked level(15min closing). Book partial profits at R1
NSE:MARICO gave 15min close below our level. Look for a good target
NSE:NIFTY Nifty opened with a huge gap up which spoiled the party for bulls. People were indecisive and profit booking kicked in. Nifty was very volatile for the last two days since we are heading towards the monthly expiry. The stand on Nifty still remains the same Buy on Dip. 15200 short straddle is build in the market that shows 15400-15000 to be the range...
35000 has huge call OI which will be a good resistance on the put side 34000 and 34500 will be great supports NSE:BANKNIFTY
NSE:GRASIM from 10th may to 24th may its a good pull back. Daily RSI is at 46 which is generally a support range during pullbacks. forming double bottom in 1hr chart with RSI bullish divergence. after 1 30 pm It consolidated in a small range near the pullback down trendline and last 15min showed buying with huge volume breaking the range upside. A gap up open can...
NSE:JSWSTEEL oversold in daily stochastics RSI = 58 daily breakout from trendline. RSI bullish divergence in 1hr The price action also suggests the pullback is over. Watch above the marked levels on a 15min closing basis
Lupin Gave a nice target of more than 1% today . After hitting the resistance the stock fell heavily and currently taking a support at an important level. Looks like it is about to form a H&S. if it retest the blue trend line and again gives a 15min closing below 1193-1196.65 area then next target is 1173.7 Since this is against the major trend take quick...
NSE:MOTHERSUMI Trading in an uptrend channel. currenly it is at the bottom of the uptrend channel + good resistance support zone + important dynamic supports as well. Consider the position for few days as the it can reach the upside of the channel. A strong 15min close below 238 can initiate short position for small target. a 15min close above 248 can give good...
NSE:NIFTY Nifty consolidated between 15150 and 15250 the entire day with huge volatility. this was discussed in yesterdays analysis and the levels marked and the trendline was respected today. This consolidation formed a spinning top candle in the daily time frame. This is a consolidation/bearish scenario. From Today OI data Clients were very inactive on...
NSE:AMBUJACEM Moving up by respecting the up trendline. 330 levels is the all-time high. if it opens flat or slight gap up and we get a 15min breakout close above 330 it can give good upside momentum. If it opens above the levels trade only after checking the price action. It is gorming a good HL HH formation. Book prifits at important pivot levels
Safe Swing players can enter zeel above 202 strong daily close with volume. Took support at the bottom trendline and currently trying to break out the down trendline. rsi trying to break the downtrend line as well 200 is a psychological level and above 202 it will be double bottom breakout as well. 1st target 227 This is purely my personal view professionals,...
NSE:LUPIN Uptrending stock on higher time frame. Ascending triangle formation by respecting an uptrend line.
NSE:BANKNIFTY All levels marked are on a 15min closing basis
NSE:NIFTY Nifty is clearly on a buy-on-dip format. The rally on Friday was unexpected by most of the market participants but the market is always supreme. Important levels on Nifty are marked on the charts. Few points to note Technically RSI in 1hr 15min and 5min is in an overbought situation. If there is a gap up open confirm the price action before entering...
NSE:ASHOKLEY The stock gave a good breakout in daily and weekly time frame. made 3 consecutive green candles after breakout and last day it made a spinning top candle.. which shows indecisiveness. it is likely to consolidate between 124 to 127 for some more time. 15min close above 127 can give good movement upside. A 15min close below 123.5 can see some more...