NEWS DRIVEN RALLY IN EICHER MOTORSEICHER MOTORS CAN SHOW A RALLY TOWARDS ITS RESISTANCE ON THE SUPPORT OF CURRENT NEWS OF SPLIT IN STOCK.
BSE
2 CONTINUOUS DOJI IN NIFTY 50NIFTY HAVE FORMED TWO CONTINUOUS DOJI ON DAILY BASIS WHICH INDICATES INDECISION AND WEAKNESS IN TREND ALTHOUGH IT HAVE CLOSED ABOVE 11300 LEVEL BUT FORMATION OF DOJI SHOWS WEAKNESS IN PRESENT TREND.
EDUCATIONAL PURPOSE ONLY.
RANGE MOVEMENT IN INDUSIND BANKPRICE IS MOVING IN RANGE AND ANY MOVEMENT ABOVE THIS CAN GIVE A GOOD RUN UP.
Bharat forgeHello!! Bharat forge is again a very good stock and in a good uptrend since the crash in the march. a strong support is between 418-422 if it gives above 433 then even higher levels can be seen..... or it can also retrace back.
ROUNDING BOTTOM LIKE PATTERN IN NIFTY 50NIFTY 50 HAVE TESTED THE 11300 LEVEL AND ANY MOVEMENT ABOVE THIS CAN TAKE IT TO 11500 LEVEL.
ONLY FOR EDUCATIONAL PURPOSE.
SET UP IN ASIAN PAINTSr1- resistance 1
r2- resistance 2
t1- target 1
t2- target 2
only for educational purpose.
REVERSALS SIGNAL IN WIPROS1- SUPPORT 1
S2- SUPPORT 2
T1- TARGET 1
T2- TARGET 2
ONLY FOR EDUCATIONAL PURPOSE
GO LONG VTL SHORT TERM CMP 689GO LONG FOR TARGET OF 732/ 760 / 900
WITH SL OF 660
734 FIRST RESISTANCE
EMA 13 CROSSES EMA 34
MACD BUY
BREAKOUT OBSERVED
TREND BULLISH
BREAKOUT IN PFIZER INDIAr1- resistance 1
r2- resistance 2
t1- target 1
t2 - target 2
only for educational purpose
NIFTY 50 forecastHere the chart is forming a rising wedge pattern which is a bearish pattern that starts wide at the bottom and contracts when price moves up.
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
Coal India turning BLACK REDCoal India has been very bearish on Daily time frame and is not able to give price action movement of bullish nature. Thus a recent break of support line and testing its once it is now going to test it second time, though the prob. falls in the second time for retracement but still a price action confirmation can lead us for a short entry.
Give me Green my Lord !Well a lord will help when you set your theory practice right. In the above analysis the pink box was support cum resistance which seems to have become a weak resistance point and can be a point of breakout spurt. Do check the volume for confirmation with price action
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