ITDCEM: Swing Long#ITDCEM: Is potential Long candidate for swing trade.
1) After a Good up trend paused and created a base, Now price approaching for break our region.
2) High Relative strength Vs #CNX500
3) Good AS Rating
4) Volume picking Up substantially as moving up.
5) Decent Fundamentals
6) FII & DII holding increased
7) Buy above 590 no overhead supply
8) Expected Target Base depth (142 + 590 = 732)
9) Keep 8% SL
Nift50
Daily market analysis for tomorrow 6th july.Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques.
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only.
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