Bseindia
Trade Setup - JSW STEEL Hi Traders,
We saw a good sell off in the indian markets, the jsw steel chart seems very attractive for us. The price is still in an uptrend as per the 4h and daily timeframe. We have the goldenzone between 282.15 and 278.90. The price has tested the golden zone and closed above this level. We have immediate resistance at 285.40 and 289.40. A good and safe trade setup can be when the price breaks the trendline and the resistance at 285.40.
A buy entry can be placed when price retest the broken resistance, and the target can be placed at the next immediate resistance.
For queries pls comment below.
Pls like the idea to show support.
Happy trading........
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.
Hitting the like button will be appreciated and follow for more analysis on indian stocks.
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.
Pls Like and follow for more.
Feel free to comment below for queries.
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.
Pls like and follow.
Happy Trading.....
INTRADAY ANALYSIS - ZEE LTDHi Traders,
This stock has made a higher high in the 15m time frame. The short term support for this stock is at 215.15 and 211.55. We have the golden zone between 208.60 and 205.70. 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.
Pls Like and follow.
Happy Trading......
Live Intraday Trading - Hit and Run TradeWhat is hit and run trade ?
1.Got very good partials when it was trading at high's.
2.It hit my target , I took my partials .
3.Stock went back to it's stop loss.
4.If I would have not taken partials at right time , I would have ended in loss.
5.Got out when the stock hit it's stop loss.
CENTURYTEX - Channel BreakoutCenturytex was trading range bound for a couple of months with the channel shown in chart. With festivities around the corner expect some surge in textile sales and chart shows some channel breakout today. One can initial a fresh long on this counter. Centurytex published a bad quarter last time, expect some changes in this quarter on the next one. First target - 347+. Second target - 358+. Third target - 417+
TATA MOTORS IS INSIDE THE GOLDEN ZONEHi Traders,
This stock has broken the weekly trendline. The price is now trading inside the golden zone. There can be a retracement back to the weekly trendline.
We can safely trade this retracement only if price forms a reversal chart pattern at this golden zone.
If the price close above 172.70 can change the outlook of this counter to bullish. Because there is possibility that price can move in range within the goldenzone and 172.70 or the weekly trendline.
For queries feel free to comment and like.
Happy Trading.....
NTPC - Intraday Technical AnalysisHi Traders,
From the kind of support am getting from my recent publishes, am guessing u want more short term analysis. Or maybe you dont want this kind of technical analysis and its better to stop what am doing and concentrate more on my trading. So this might be the last post on Indian stocks.
We have a bullish bias on this stock because of the breakout we had last week.
It seems price would honor the trendline in hourly chart, and we have a key level at 102.70. So price can continue upwards after testing the trendline or the key level at 102.70. We suggest a buy entry only if you get price structure in the lower timeframe.
Since we have the weekly trendline passing through the golden zone, we expect the maximum drawdown can be till this level.
Hoping this was useful. For queries pls feel free to comment.
Happy Trading
reliance industries ltd.reliance is in rectangle pattern reached near rising support, wait for breakout
2 CONTINUOUS DOJI IN NIFTY 50NIFTY HAVE FORMED TWO CONTINUOUS DOJI ON DAILY BASIS WHICH INDICATES INDECISION AND WEAKNESS IN TREND ALTHOUGH IT HAVE CLOSED ABOVE 11300 LEVEL BUT FORMATION OF DOJI SHOWS WEAKNESS IN PRESENT TREND.
EDUCATIONAL PURPOSE ONLY.
reliance industries ltd. (ready to takeoff ?)reliance is still is parallel channel, the price dropped to take support of rising support level to complete the parallel channel, wait for resist/breakout (rally/drop).
WEAKNESS IN NIFTY 50ONLY FOR EDUCATIONAL PURPOSE
NIFTY FIFTY HAVE SHOWN TWO NEGATIVE CANDLE IN PREVIOUS DAYS WHICH SHOWS WEAKNESS IN TREND SO IT CAN LEAD TO FURTHER WEAKNESS.
LONG DAY BEARISH CANDLE AND DIVERGENCE IN NIFTY 50WE NEED ANY DECISIVE MOVE IN NIFTY 50 AND IF IT GOES UP IT CAN TEST THE CLOSEST RESISTANCE AND IN DOWN MOVE SUPPORT.
