Support zone: 794-800 Downside Targets: 779.3, 759.55 Above 800,avoid the trade Seems a good RR trade
Monthly Outlook: Very bullish Stock making higher highs and higher lows MT Outlook: Long Buildup ST Outlook: Long Buildup Above 5,20,50,100,200 SMA IF 1570 breaks and sustains, you can go for a bullish trade Upside Targets: 1610,1650,1700 A great stock for someone who likes momentum trading
Stock respecting its pivot levels wonderfully Move can be on any side Great stock to trade Resistance Zone: 208-212 Upside Target: 219 Support Zone: 195-200 Downside Target: 187, 183.5
Monthly Outlook: Neutral Weekly Outlook: Bearish Engulfing Candle MT Outlook: Short Buildup Daily Time frame: Last swing broken if you observe line chart carefully 9DayEMA,20DayEMA broken S1PIVOT also broken Resistance Zone: 39496-39916 Upside Targets: 40470-40559, 41098-41307 Support...
Monthly Time Frame: Candle with with head rejection on top of market structure RSI oversold FII's huge selling pressure Weekly Time Frame: Bearish medium-sized candle breaking previous two candle lows MT Outlook: Long Unwinding Daily Time Frame: 9dayEMA,20dayEMA...
Reasons to trade: 1.Breakdown gap formation 2.Below 200EMA 3.ST and MT Outlook: Short Buildup 4. Weak RSI 5.Low Piotroski Score of 4 (weak financials) Zone to watch out for: 325-337 Downside Targets: 316,309,296 Don't trade above 337
Reasons to trade: 1."M" like Pattern around 840-850 levels and then a huge breakdown 2. ST and MT Outlook: Short Buildup 3. Below 200EMA 4. Weekly all pivot levels broken 5. Both FII and DII have reduced their holdings on September quarter ...
Reasons to trade HINDPETRO: 1.Triple top pattern at weekly time frame 2. ST and MT Outlook: Long Buildup 3. Strong Financials 4. RSI>60 5. RR= 1:6.83 Watch out zone: 322-335 Upside...
Reasons to trade RBLBANK: 1. Trendline Breakout on daily time frame 2. ST and MT Outlook: Long Buildup 3. 20 and 50 EMA crossover 4. RSI>60 5.RR=1:2 Resistance: 204 Upside Targets: 223.35,268.40 Weak below 190
We have a clear uptrend on BANKNIFTY A Bullish Flag and Pole pattern on 15 minutes time frame Entry on flag breakout around 40480 level Upside Targets: 40790 and 40995 Support Zone and No Trading Zone: 39485-39980 Below this zone BANKNIFTY is weak My Opinion: I won't take any bearish trade on BANKNIFTY and I will be considering a long position only on flag...
On daily time frame 5 candles continuous bearish with Volumes>Volume50 MA after a very long time which shows strong chances of trend reversal But NIFTY still above 20ema support of 17968 till then we will consider major trend is uptrend Resistance: 18151 Upside Targets: 18230,18360,18607 Support Zone:18090-17990 Downside Targets:17852,17615 Positives: 1. DII's...
A simple trend line breakout in weekly timeframe Medium term outlook: Long buildup Banking sector very bullish Resistance zone:92.15-99.5 Upside Targets:108.40,127.35 Weak below 86.35 Only one negative and that is MFI(14) is overbought Personally I am going to take a bullish trade only on resistance zone breakout
A simple trendline breakout on daily time frame Good results expect on upcoming November month Support zone: 191-198 If it crosses 205 and sustains then Upside targets: 216,223 Weak below 190 Personally I will avoid bearish trades
I am keeping it very simple traders just try to work according to these levels Personally I am very bullish on BANKNIFTY and I think PSU BANKS will lead the upcoming rally
Make or break level marked upside and downside levels also marked One advanced analysis or learning for you this week for a medium to long term time: 1.According to Eliott Wave Theory, any major uptrend has 5 waves which consists of corrective and impulsive waves 2.Currently we are on the 5th wave and after that major trend reversal starts 3.In my opinion Nifty...
Symmetric triangle pattern on BANKNIFTY(Neutral chart pattern) 37720 is the support and it's just above support and it has sustained it well Upside Targets: 38000,38232(if green candle sustains above 38064) and 38459 Downside Targets:37508 and 37083 Positives: 1. Major trend Uptrend 2. Well placed above 5,20,50,100,200 DMA 3. RSI,...
According to market cycle NIFTY is on a consolidation phase on daily chart Resistance Zone: 17850-17920 Upside Target: 18000 and 18092 Downside Target: 17800 and 17620 Positives: 1. Nifty is well placed above 20,50,200 EMA (Major trend is still uptrend) 2.Shorter term 5 and 20 DMA crossover 3.RSI,MACD,COC(20),ROC(20) all showing...
Auto Sector very bullish now Go for a bullish trade on Ashok Leyland Resistance Zone: 134.5-137.5 Targets: 140,142