Bank Nifty Intraday StrategyHi Everyone :))
Hope you all are doing good.....
As you all know #Banknifty doesn't give us a good move yesterday over, all banknifty move in range of 36200-36500.
Today is weekly expiry so market will show some good move let's see how to trade.
1. If banknifty give us a good opening and move above the level of 36500 then go for CE till the target of 36900 and if it cross it with good volume then may be banknifty fill the gap and then the target will be 37400......
2. If banknifty give us a breakdown then i'm comfortable to buy PE below the level of 36000 then the target will be 35800 and 35600.
3. If banknifty doesn't give us any breakout or breakdown then as usual buy at support sell at resistance.
That's all for today hope you all like it.
Thank YOU:))
HDFC
Nifty, Banknifty and top stocks analysis for tomorrow + levelsReliance, HDFC twins and Infy were able to lift the markets fairly well today, but that does not necessarily mean that the bearishness is behind us. All eyes are on ICICI Bank as we could see it being a key performer or dragger in the coming days. What's your view?
HDFCBANK UPDATE- on the daily chart : the day closed with a good red candle with slight resistance from the bottom . so daytraders who followd my advice and went short today congrats on ur profits .
- on the weekly chart : a biiig green candle that show a potentiel selling squeez .
- on the 15 min chart : the price broke the VWAP downards.
- personal opinion : sellers beware . the big candle formd in the weekly chart might mean a squeez and the big sellers are getting ready to take their profits . so a reverse in trend might happen soon
- best move :
for day traders : becarful from now on things might get unstable . so i suggest to not open any positions
for long term traders : wait untill the price reachs the bottom level
i hope this technical analysis helpd you make a decision , if you need help or want me to keep an eye on a stock/forex/crypto/futures.... and keep you updated feel free to contact me on my twitter or private chats in tradingveiw.
HDFC Long Term Investment opportunity.HDFC Gap filled, breakout retested, seems pinbar at support.
Long above 2520.
Targets 2600, 2700, 2800 , 2900+ in long term.
SL 2400.
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Bank nifty long position Hi Everyone ..............
Here are some important levels of #banknifty
As you can see banknifty is trying to break the same level (37900-37400) from many days but can't move above and below the levels so take trade only at support and resistance.
*Also do breakout & breakdown trade for bigger profit.
Bank nifty long position Hi Traders.......
Here are some important levels of banknifty................
BankNifty moves in a range of 37400-37900 from last few days.......
So take trade account to the levels buy at support and sell at resistance also if banknifty break this range then go for the long trade.....................................................................................................................................................
1 If banknifty breaks the level of 37400 and give us closing below the level of 37400 then go for the PE
2. If banknifty breaks the level of 37900 and close above the level then go for the CE
#TATAMETALI #TATASTEEL #TATAELXSI #TCS #TATACOMM #TATAMOTORS #IT#TATAMETALI
CMP 875
Target 1040
Sl 755
Time frame < 3 months
NSE:TATAMETALI
INVEST & HOLD NSE:TATAMETALI
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?