Ultratech Cement Trading Setupprice can touch the lower support if this support hold and sustain than we can see a good uptrend in this stock
if support not hold than we can go down from here
Nsenifty
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
RELIANCE SHORT .. SAYing HI to AMBANI.... I know its just a chart. I believe that we will gonna see at least this Target in this FINANCIAL CRISIS. SO Pls be CAREFULL OUT there.
ITS NO QUESTION ASK TARGET .. JUST TAKE IT...
DM ME IF U WANT TO KNOW MORE ANALYSIS BEHIND THIS TARGET.
Learn how to trade Nifty 50 Indian Index, locate turning pointsI am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on a chart, the basic characteristics of candlesticks patterns that will help you locate turning points in the market.It's very important to trade these strong impulse in the context of a bigger picture trend and avoid trading counter trend scenarios. How can you buy Nifty 50 futures index or Nifty 50 related stocks in an uptrend? First of all you must look for impulses strong enough to create a series of wide candlestick bodies in the direction the of the long term trend. The chart attached shows a few impulses drawn on Nifty 50 futures weekly timeframe, that means that every candlestick represents a week if time.
By simply comparing the strength of those moves you will be able to locate potential turning points in the Nifty 50 futures index and related Nifty 50 Indian stocks. Trading impulses against the trend is not the best strategy since you will be going against the long term bias of the underlying asset or stock. How to buy Nifty 50 futures index? Well, locate these impulses and do a top down technical analysis before making a decision to buy or sell at these impulses. A single timeframe technical analysis is not enough to make a trading decision.
ITC, NSE _ Possible long opportunityPrice taking support on EMA and trendline forming double bottom. Entry now or wait for the confirmation.
NIFTY? Book or Hold?NIFTY is in a very tight range. There is a 50-50 possibility that we may see a new bullish trend altogether. It is roaming just above the multi year resistance with short term resistance at 11525. If 11525 is crossed 11725 is the next zone to watch out for. At present the bulls and bears are fighting hard. Within the week itself NIFTY has had a bearish and a bullish pattern both. Downside correction is very much possible till 11000.
