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).
Bseindia
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.
Nifty 50 showing divergenceCurrently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence.
Divergence is normally a situation which shows that trend reversal is near.
Its only for educational purpose and please consult your advisor before taking position.
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
Nifty 50 support and resistance Guys every post here is only for educational purpose. Take your own decision.
In comming days nifty is expected to move in this range an if it breksdown it can go to 10800 level.
TCS Long Trading SetupNeed to settle in channel
Adding some stock here
Below 2100
Stop : 2000
Target : 2200 , 2300
reliance industries ltd.ril making higher highs, now 52 on week high, after resisting from 1865 the price made a strong support at 1800, our new targets are shown in the chart, wait for breakout retest.
NIFTY 50 | Not out of danger yetNIFTY50 is bearish until or unless 10,700 breaks and flips. Tread carefully.
- Bearish Divergence on the RSI
- Rising wedge in the formation.
Anything can snap anytime. All it takes is one bad news.
Thank you
Nifty & banknifty levels for tommorow Expiry (02-07-20)Nifty & banknifty levels for tommorow Expiry (02-07-20)
yes bank ltd. in downtrendyes bank ltd. is in downtrend, falling resistance is blocking the price and not letting it to go up. wait for breakout.
Mahindra and Mahindra Trade Updateprice at resistance and consolidating here we can see 490 rs in next week and if hold than ready for 600 soon
let's wait for confirmation here
Reliance Price in Ascending Triangleprice in ascending triangle ready to break above
wait for market to open and than we will take trade at retest
if resistance isn't break than it can touch the support again.
JSW ENERGY | BULLISHJSWENERGY is showing buying pressure at this level.
-MACD is crossing bullish on the 1H which will take the price past 45.
-Resistances are at 46.5 and 49.
-Please leave a like :)
Hold it for a weekAfter few days of consolidation, we may see upside moves again my stop loss will be 388 and looking for the target of 450.
It still looks good to meHorizontal supports must sustain as of now, my target would be 218.
I kept it far, a bit deliberately as the pattern looks good.
BHARTI INFRATEL | ANALYSISLooks good so far, i'm expecting this to go till the sell region and retrace 38.2%.
- AB=CD Pattern identified in chart.
HDFC | AnalysisFirst in all, it hit major support region and bounced right off it.
- This is a sideways market where Bollinger bands are very useful for trading. The price action just hit the lower band. Which is a buy !
- RSI Showing bullish divergence on the 1H and above.
These are my buy signals. Might have a good day on Monday!
SUN PHARMA | H&S formationThere's a head and shoulders formation on the intraday chart for SUN PHARMA.
Advise caution. Good short opportunity!
