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Bajaj Finance - OutlookHi Traders, Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the chart, these levels can react with the price. Now if price breaks the key resistance zone to the upside, a break above 3590.85 indicates a start of an uptrend. For queries pls comment below. Happy trading.....
NSE:BAJFINANCE
by Hari_krishnan_S_Kumar
2
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
NSE:BANKNIFTYShort
by Pivotal_Traders
POSSIBLE SHORT TERM TREND REVERSAL IN TATA MOTORSHi Traders, Tata Motors has broken our golden zone with confidence, and is now testing a key level of trend reversal at 141.85. If the day close below 141.85 levels our short term bias on this stock will be bearish and we will be looking for shorting opportunities. If the close is below 141.85 we will have new resistance levels. New levels will be updated in post market hours if we have a trend reversal. Pls like and follow for more analysis. Happy Trading......
NSE:TATAMOTORS
by Hari_krishnan_S_Kumar
ZEE LTD - Complete Technical AnalysisHi Traders, We have a mixed opinion on this stock, but will definitely add to our watchlist. The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend. The stock price is approaching key resistance point at 209.50, which came in confluence with the inner trendline. A break of this trendline can result in price testing the outer trendline. The golden zone is between 239 - 268.50 which can play as a resistance zone. We can expect 300 levels on this counter by mid 2021, if we get a break of the outer trendline. On a short term perspective, how the price reacts at 209.50 and the inner trendline will be a decision maker. For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis . Pls Like and follow. Happy Trading.....
NSE:ZEEL
by Hari_krishnan_S_Kumar
2