Bank Nifty 15 Oct Expiry StrategyBank nifty expiry day strategy the bias is towards trend continuation however we are witnessing that BN is making trending move on expiry thus a possibility of sideways confused movement is there today.
BSE
ITC TECHNICQAL ANALYSISJust Wait For A Perfect Entry And You Will Be Getting Life Time Great Returns.
Indusind traders stay cautious. Looks like a trap Indusind bank can fall and according to me the rally yesterday was fake to trap retail investors.
My analysis showing it will fall below 500.
With first target of 550 and second target 500 area which will act as a double bottom for the stock, if sustained can jump and if not more fall can be seen.
Good luck to all traders.
Apollo Tyres - triangle pattern let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
Two Tails with a Bullish Bias #bankniftyThe Idea gives glimpse of two trajectory of movement , but the last week close giving a sense of bullish bias.
NIFTYBANK - Triangle pattern breakout let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
niftyfiftylet me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
SENSEXlet me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
Bajaj Finance - Complete Breakdown Of ChartHi Traders,
As we analyse the daily chart, price is in an uptrend because it is trading above the 50SMA. The key levels are at 3518 (Green) , 3606.60 (Yellow) and the golden zone between 3446.35 - 3374.70 respectively. We can see that price has found support at the golden zone and has tested our resistance level at 3518. Since price found support at the golden zone, breaking of the recent high(3749.85) is unlikely. So we can conclude that this stock is in its exhaustion stage and the present uptrend will end soon. If the price close below 3272.75 (Red), this marks the end of current uptrend.
Now we will look into the hourly chart for short term opportunities. The hourly chart is below the 50 SMA indicating a downtrend but since the higher timeframe is showing uptrend, it is advisable to take buy positions. Short term buys can be done if it breaks the hourly trendline and must be cautious when price tests the above mentioned key levels. Intraday trades can be planned based on price action at the above mentioned levels.
Note:- This analysis can be used for short term and medium term analysis. We need to breakdown the weekly chart for long term investments.
If u have any suggestion on which counter u need an analysis, please comment below.
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Happy Trading............
reliance industries ltd. let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
NIFTY50 let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
nifty50 - downtrend let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
MGL stinks of Psychological overhangThe stock seems to having headache from the fact that it FAILED to pass the 1000 psychological level and the retracement on downtrend was just .232. Which makes a probable case for trend continuation and we target .5 fib extension.
TVSMOTOR in buy Zone at POCTVSMotor has reached to our buy zone with its location at Point of Control Level We are confident that the stock would perform better in days to sideways movement. Why? This POC level was crossed once and the price has come back to say hello to it. I like when the price chit chats with support and resistance making it more promising move.
Nifty Breaks its SupportNifty Has Broke its Trendline Support of 11500
But Still There is not an Trend Reversal
Nifty has an important support at 10800
If this support breaks we can see a reversal in trend
INTRADAY ANALYSIS - TATA MOTORSHi Traders,
Tata motors is in an uptrend as per 50 SMA in multiple time frames. The price made a higher high confirming a short term uptrend. We have support at 151.20 and 148.70 respectively. We have the golden zone between 146.70 and 144.70.
The golden zone is a strong zone as there is price action on the left and is a major key level according to higher time frames. We dont recommend a blind entry at these levels.
A chart pattern like double bottom or inverted heads and shoulders forming at these levels in lower time frames like 1m can be considered as a confirmation for entry.
The target and stop loss can be placed according to the pattern that gave us the confirmation.
For any doubts regarding this trade setup pls comment below.
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Happy trading.....
INTRADAY ANALYSIS - BHARTI INFRATELHi Traders,
This Stock has created a higher high and is trading well above the 50 SMA. We have the immediate support at 211.35 and 205.10 levels. The price can continue trending upwards after a pullback to these levels. We have the golden zone between 200.05 and 195 levels, If price respect the golden zone then the further upside of this stock is limited. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
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Happy Trading......
INTRADAY ANALYSIS - HDFCHi Traders,
This stock is preparing for a breakout from the triangle Pattern. We can enter in a position at breakout or at a pullback. The Stock can find immediate support at 1800 level if we get breakout to the downside. There is a resistance at 1850 level, if we get a breakout to the upside.
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Happy Trading.....
