Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline. After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers...
PEL looks good for an upmove as it broke the counter-trendline on multiple timeframe. Levels and all Information mentioned in the charts above. Buy Above 2720 for the levels marked. Demand zone - Green Rectangle Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Checkout other Ideas too
Hey guys! The few last stocks I gave have all the target except ICICI bank which is still consolidating. This TECHM was bought to us on right time today by one of our member of the small group of traders and I also analysed it & it definitely looks good to me too. All the info for buying has been provided in the chart above along with the targets, this can also...
MAXHEALTH has been Consolidating near the Support zone which also seems to be a prior Resistance, looks good for potential upside of 5%-8%. Reasons to be bullish on MAXHEALTH: 1.Resistance becoming support is a bullish signal. 2.Impulse move from these levels seen before. 3.RSI is on good levels leaving space for bulls. 4.MACD is turning bullish but not moving...
Hello guys, Nifty is trading in a simple ascending channel pattern which has been followed for a week now and there in not so significant move in Nifty that can decide the future trend of the the market in some more detail, but apart from being an ascending channel pattern it also looks to me like a expanding triangle/wedge pattern in making but we won't know for...
Sorry guys, I was caught up in some unwanted work that's the reason there were no updates on Indices and no new stocks for potential trades. Speaking of BankNifty, BankNifty was finally able to close above the counter-trendline it was following for quite some time and was in a downtrend, as of now I can see a good upside move for which can also show us the levels...
Hello Traders. Firstly Speaking of last posts PEL has achieved its first target on the same day and the trade is still running, ICICI bank is still consolidating but has neither hit the SL nor has given a significant move either side. Speaking of the current chart of INDHOTEL , It made a ATH after the Covid pandemic bans were lifted and has been in a bull...
Hello Traders, welcome back So as seen in muhurat trading day I was bullish on nifty so we bought CE after some correction and booked a good profit. Our old analysis hit the target, gave breakout and is now retesting so I am still bullish on Nifty.(Check our post "Nifty correction wave over?") Nifty 9th NOV: Buy Above: 18090 Sell Below: 17840 Please LIKE,...
Hello Traders! This was a whole vacations for us as the market was shut for almost a week and we were bored of not making profits. So in opening banknifty opened near the resistance we took 40100 PE and made some handsome profits in it as we trailed it all the way down until the market showed some signs of recovery then we shifted to CE side but did not trail it...
Tata chemicals opened gap down due to bad earnings report and consolidated there for the rest of the day Major support at 923 & 875 which are also fib levels 0.618 & 0.786 respectively Buy above 924 for the upper marked targets. Sell below 900 for the lower marked targets. RSI levels are also in consolidating range MACD looks bullish Please LIKE, COMMENT and...
The Chart is self explanatory by itself. Green rectangle - Demand Zone Red rectangle - Supply Zone Space between the two blue lines will be considered as no trading zone by me. Please LIKE,COMMENT and SHARE the idea to keep me motivated so I can keep on further analysing potential Indices and stock trades for you.
Eicher motors downtrend is almost over as shown by the RSI comming to a suppot level, MACD recovering and eicher motors is at support itself which was a previous resistances. I believe this will be an upside trending move after crossing 2505 levels . Buy above 2505 for the targets mentioned in the chart above. NSE:EICHERMOT If you like the idea please...
Hello traders, There's no off day for traders these days are just an opportunity to find good high probability trades that can bestow some green profits upon us when the market opens. So I have found or rather someone found IDFCFIRSTB for a good Risk reward ratio trade and I analysed the same and found it pretty good. A ratio of 1:3 is more than good. So...
No trades taken in Nifty on 4th November as the market traded in a really narrow range for the time given for muhurat trading. Nifty 8th November Levels: Buy Above: 17950 Sell Below: 17900 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Any comments and critiques will be appreciated even if it's...
Muhurat trading day was kind of boring with no move at all but we made near 25 pts profit in PE side after it broker our support level but that was it for that day. BankNifty 8th November : Buy Above: 39685 Sell Below: 39560 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Any comments and...
Beware, market timings tomorrow - 6:15 p.m - 7:15 p.m BankNifty opened Gap up today and consolidated then it broke the triangle pattern that we uploaded and gave a big downside move. We took trade on retest of the triangle and captured the 500 points move and made a good profit in PE side. Then we also took CE as we hoped for a short recovery an made a profit...
Beware, market timings tomorrow - 6:15 p.m - 7:15 p.m Nifty broke our chanel with a Gap-up and then following the strong rejection zone and weak buyers cme back into the channel. Trades on both CE & PE side, gave some good profits. Mostly narrow range trade today Levels for 4th november Muhurat Trading : Buy above : 17835 Sell Below : 17740 Please LIKE,...
For BankNifty 2nd november proved to be a range-bound day we bought CE at supports and PE at resistance. As we thought BankNifty gave a good move of near 200+ points after crossing 39850 which gave us more than 70+ points move in CE. Views for tomorrow, mostly Range-bound but good moves can be expected after breaking the Range. For 3rd November : Buy Above -...