It seems like TATASTEEL is going through accumulation phase, ready for a big move. There is a strong support at 1250 so breakdown of that level will not be easy. if the desired move come then 1500 will be a easy target. Reasons behind this speculation bullish flag pattern follow by W-shaped (modified head and shoulder pattern) recovery Metal prices have...
Gold is making Higher highs and Higher Lows (HHHL) structure and upward channel. If it sustains above 49300 then then will test 50500 again and if it breaks below it then it will take support and lower trendline of the channel. You can keep 49300 (closing basis) as your Stoploss for the bullish position. Do go for short below with not more than 200 as your risk.
overall trend is upside and waiting for break making a "W" pattern. Closing above 3060 will result into upside for new swing high above 3185
RBL Bank has recently broken the long awaited trendline. Given the new highs in Bank sector, we might expect this instrument to move up. Reasons for upmove: - Breakout with volume in nearly 20 months - Banking sector on the rise - Have not recovered unlike other rival banks Possible targets 270, 315 and 385 with stoploss not less than 185 R:R ratio is >10
BOB has given breakout with volume after long time and sustain for while as well to confirm that the breakout was genuine. Expected targets 110, 135 and 165
This is tutorial on "How to use swing trading indicator " developed by me. Do use and benefit from it.
This tutorial provides guidance on how to use "Volume bar breakout & breakdown Indicator" Indicator. It explains When not to take entries How to setup Stoploss and Target what timeframe to use for equities and commodities but you can decide as per convenience
UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move. Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650
Potential stocks to watch for Intraday trading on 1 Dec 2021 are Tatasteel, Jublfood, srtransfin , TCS , LTI and Alkem . Caution: Stay away from Travel and hotel stocks
Potential stocks to watch for Intraday trading on 30 Nov 2021 are BEL, Hindunilvr, TCS, IEX, TCS, TVS motors and Zeel. Stay away from Travel and hotel stocks
The video explains about "how to use True Bar Color Indicator". Content includes explanation on Understanding the candlestick analysis, candlestick pattern Trend analysis Potential reversal points Trailing stoploss Risk management Entry and Exit points
Its follow up on daily timeframe of Bank of Baroda. Expectation is that target of 165 should be achieved within 6 months timeframe.
ICICI Bank has broken cup and handle pattern and have retested and moved up from the level. there is high probability of it to test the price of 800) in coming 1-2 months. If BANKNIFTY will remain sideways or bullish then it it will surely touch 800. These are my view on the etries accumulation zone 667.5-670 distribution zone 750-800 Risky zone 650 or...
NIPPON can go for 675 from current market price of 440 time period : 1 year Accumulation can be done till 370. will trail to CMP once market moves in desired direction
Industower seems to be at crucial level and have high probability of reversal from the current level based on historical price action, fibo-retracements and trendline. Suggestions for entry: > wait for high volume rejection from the level. > entry point should be the OHLC4 of this candle > Stoploss should be below the low of this candle or below trendline >...
Lupin has retraced to the demand zone (earlier supply zone) post heavy breakout and have shown a reversal sign. Current view is based on following patterns: -> Ascending triangle breakout retest (bullish trend) -> supply zone turned into demand zone -> bullish reversal sign through bullish candle with volume Wait for the closing above demand zone Nearest target is 1240
TITAN Seems to be looking for a dip to the demand level ..
Mindtree is continuously making higher highs and higher Lows HHHL with Pennant pattern. Once broken then we might see 4220 in the coming month.