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Nift Chart analysisCan you guys see which patter Nifty is formed now .... If you see in 5 mins chart you can see clear picture of it . Nifty as bounce back from support level of 17330-17300 it's support level of past 5th pivot point region which is imp support level and formed inverse head and shoulders with taking resistance of level 17430 lower end of today pivot point which acting as an strong resistance now and Take an trade BUY CALL Nifty when it breakout of resistance 17500-17510 with low quantity because there's more volatility in market ...
NSE:NIFTY
by agasthya_d
NTPC LongNTPC/USD Information: National Thermal Power Corporation Limited is the largest power utility in India, both in terms of size and efficiency. The statutory corporation has done new investments in renewable energy sources on the Indian market. Signals: Position: Long Entry price: Limit order at 1,60 USD. There could also be an argument made about placing a market order at 1,65 USD, depending on the following indicators. Stop Loss: 1,55 USD Target price: 2,0 USD %: 2,0/1,65 = 25% increase Indicators: Bollinger Bands: The squeeze of the Bollinger Bands happened two days ago on the 14h of September, from where the Bollinger bands were expanding, and a period of higher volatility started to happen. MACD: The MACD indicator indicates a bullish movement. The MACD line crossed the signal line on the 31st of August and once again on the 13th of September and the indicators indicate that the uptrend might be continuing which is identified by the histogram is spreading further apart from each other. RSI: The RSI line is at 62.97 which indicates that the stock is on an upwards trend, and that the stock is slightly overbought. Conclusion/Analysis: This uptrend began on the 31st of August but within the volatility lines explained by the Bollinger Bands but on the 14h of September does the volatility increase and might show an accumulating market. The analysis also shows that both the MACD line and the RSI are showing bullish momentum as well as the stock being in this high volatility time period indicates that the stock has momentum going forward meeting the demand of the Indian population (1,366 Billion) as well as their recent expansion in renewable energy. What also is notable is that the stock is slightly overbought and that the stock price would fall down towards the limit order of 1.60 USD.
BSE:NTPCLong
by vf_investment
MOIL Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA . Risk Reward Ratio - 1:1 SL is placed below multiple major support zones and target is place near swing and channel high. Imp: Earnings will be disclosed during the trade duration. If not good or the trendline and 200 ema are broken after results, it may be a better option to exit. Note: As the market is under selling pressure, enter only after confirming a reversal.
NSE:MOILLong
by tradewidmufeeth
NMDC Short Term Breakout TradeThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby. The stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Risk Reward Ratio - 1.5:1 SL is placed below multiple major support zones and previously upper & lower Trendlines. Target is placed near the all-time high based on fundamentals. Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
NSE:NMDCLong
by tradewidmufeeth