NSE-NIFTY
HINDPETRO | Time for some upside
Bearish cypher pattern - CD leg forming
Bullish divergence on the 4h to the daily chart.
Historical performance, although not a guaranteed factor of performance, shows similar divergence on the daily with a pull back of 30%. This time, however, the pullback might be below 20% as the pattern is of smaller magnitude.
Have fun, stay safe!
VRL Logistics Looks good for Short Or Long Term.NSE:VRLLOG
VRL logistics weekly chart telling something to us.
If you can managed to observe the chart carefuly you will see supply is dried out and some demand is now coming in.
From last couple of weeks its showing good sign for buying.
The only concern I am seeing in this counter is it may test the area of 130-120, but in that scenario to it will be good a oportunity for short or long term investers and traders to bulk up the volume in there portfolio.
Do remember this is just my personal view. Befor going for investing and trading do take advise from your financial adviser.
Thanks for Shareing and liking this view. !!!
IBULHSGFIN Some strength LeftNSE:IBULHSGFIN
Though IBULHSGFIN show selling in last trading session (31/07/2020) chart is indicating some strength left in this counter.
If you can see on 1H chart stock was trading on low volume from past few sessions and was in sideways trend. On Friday's trading session stock did fall with decent amount of volume (you can see on daily chart).
These kind of manoeuvres are being created buy professional traders to fall retails in falls breakout scenario and then eat there stop loss.
If one can observe the chart of IBULHSGFIN he/or she can notice strength in the background.
Now see the close of daily candle of 31/07/2020 and ask your self a question why its not managed to close near the low. The answer is bcoz of the strength present in the background. Someone don't want stock to fall at this level. And effort of same can be seen on 1H chart.
So if in upcoming session on 1H chart any candle closes above 195 its a clear single to go long. Last support for IBULHSGFIN is at 156.
Balakrishna industryHello!! Balkrishna industry in my view it is on a very good resistance so a great chance of reversal from here but we can't say anything with 100% accuracy because after all market is supreme if it breaks the resistance then 1350 and 1400+ lvls can also be seen. #my_view #learner
Torrent pharmaHello !! torrent pharma is quite at all-time highs it just gave a very big up move on a day before last market day so it's more prone to be rangebound or a bit of retracement, if it doesn't break upper resistance and sustains a rangebound session can be seen but if it breaks the final resistance then it will be on the all-time highs so the target is difficult to give. #my_view #learner
CiplaHello!! Cipla is a famous company for pharma in India but I don't like much of pharma stocks, still this stock looks bullish for a short term and maybe will retrace a bit or rangebound because it has given a big move on last market day..... I think 745 tgt can be seen till 6th august 2020. #my_view #learner
Ajanta pharmaHello!! its Ajanta pharma now...... mmmm I personally don't like pharma stocks much but this looks good and it is in a rangebound condition for now and the red bold red lines are very good resistances and supports ....... if it breaks the resistance some rally of 100-200 pt.s can be seen. #my_view #learner
divis labHello!! Divis lab is a good stock I feel it is in an uptrend but at a resistance, if it sustains over the resistance for a few daily candles it can see 400 pt.s up in abt. 1-4 months. but if it will come below the resistance then a retracement can be seen to the supports below. let's see what will happen tomorrow .....#my_view #learner
hero motocrop hello!! guys hero motocorp is a good stock but for now, it is giving a lot of sell signals as an inverted pin bar and also the double top. it is also in a short buildup. so great signals of sell and good signals for pe also. can trade after breaking the trendline, but yeah after all market is supreme so trade only after confirmation. #learner #my_view