Lupin on weekly chart looking weak.NSE:LUPIN
Lets Read The Chart And Observe It
If you see the tail candle of 9th March 2020 week you can clearly see prices was rejected from the low of 504 and close at 605 volume was also good (Above Average).
Next candle of 16th march 2020 is also bullish candle with higher volume than previous candle. The 23th march 2020 candle was strong bearish candle form in supply area of 9th March candle.
Now come to the candle of 30th march nice strong bullish candle every retailer or price action trader who don't respect volume will now start thinking bull run has started, and start buying at any price they are getting. But look at volume its a above average volume but lover than previous volume. In the same week of 30th March 2020 we all started to see or hear from every source that Pharma Stock are going to boom on bias of COVID19, India will be supplying medicines to U.S and other major countries. And retailers started getting in and start buying.
Prices were getting higher till the week of 13th April 2020. Volume is still higher (Slightly Lower Than Previous Candle Volume) enough but range of the candle is now get narrow than all previous candles we observe till now. There also a good wick to this candle which clearly start indicating someone is start capping the prices or supply getting over the demand. Clearly at this point stock is weak.
Now let we see what happens in next two candles.
Candle of 20th April 2020 week one can immediately say its a bullish candle as it's closes higher with the highest volume we have seen and also a tail which indicate strong bullish sentiments. But can anyone think why the range is gets narrowed than previous bullish candles. Again clear indication of supply is happening in background. And we are now also in a territory of consolidation happened previously.
Now lets see what happened in last week (27th April 2020). Candle with tail gap up open at 899.95 make high of 906 find strong resistance at 901.75 made low of 811.55 closes near the low 835.30 volume above average not abnormal clear indication Bear Taken Over The Bull Move.
Note: 817.3 Is Support Level So We Can See Some Consolidation Between 817-901 Before Downtrend Started In Lupin.
Nsestocks
BAJAJ FINANCE | Buy Opportunity Friends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reasons:
- Price is trading near a demand zone .
- Weak resistance to the upside.
Note: Place the stop loss just below buy zone. If the price manages to breach the support level, there is a chance price may drop further to 2120 at least.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long HDFC ::: INTRADAY TRADE SIGNALThis is a intraday trade.
May give a breakout in the first half itself.
Looks bullish even on weekly time frame.
Current Market Price is at 1703.10
Buy above 1713
Stop loss 1696
Stochastics is confirming bullish trend on day time frame.
Counter may complete its targets on Monday 13 APRIL 2020 itself.
Intraday resistance at 1738.
Positional may touch 1759.
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
State Bank of India | Good to Short Friends, please support this idea with LIKE if you find it useful.
I'm seeing a sell opportunity here. Use the pullback to get in.
Reasons:
- Price is trading near a supply zone.
- Nifty is weak.
- Weak supports.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RELIANCE INDUSTRIES | BUY OPPORTUNITY |NSE IndiaFriends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reason:
- Price hit a support
- sellers were struggling to push the price down.
- Weak resistance to the upside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
KOTAK MAHINDRA BANK | It's time to go short againFriends, please support this idea with LIKE if you find it useful.
Looks like Kotak Mahindra Bank is also in downtrend. Use the pullback to get in.
Thank you for your support, I appreciate it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nifty to go upNifty looks like will go up after the third touch. Though the breakout of the third touch suggests that it may fall, but the fall was more related with the Yes Bank fall or the FII data was suggesting that there is a bullish bias. In my opinion it will further go up till 12K mark again.
However there is a alternate scenario. If the YesBank mayhem continues and Govt does not decide quickly the bad news coupled with the COVID19 effect will further take to next support line levels to 10200 levels. There is a minor support zone of 10600, but I do not think it will get stopped there
Zeel - set for HH ?? ZEEL making continuous HH and HL after recent fall and trend reversal.
If breaks 260.5 we can see clear uptrend for next couple of days ... or knowing how ZEEL price change in past .. .it will reach to 300 in 2/3 trading sessions.
Keep on watch list.
PS: this is completely on personal views .. and not for trading recommendation.
TATAGLOBAL | Bull Flag With a very strong pole and a great volume supporting it, the flag has a high probability to break towards the upside. With setting an SL at 376.50 the stock can go long upon meeting the support of the flag.
HINDUNILVR Looking for a bounce back from current levelNSE:HINDUNILVR
HINDNILVR
Accumulation seems to be happening on daily chart 1927.65 and 1982.5 will act as strong support and ressistance level for same for making any further move base on daily chart.
#hindunilvr #nse #nseindia #nsestocks #trendanalysis
NSE:TITAN On Weekly Chart Will Show 1455++NSE:TITAN
Titan Weekly Trend 25/12/2019
Well,
TITAN on weekly chart after making a high of 1389.95 retrace back to 1123.20 and close right above the Golden Fib Retracement Level of 0.786. Now stock is making upside moves from 1123.20 and as per Fib Extension and Elliot Wave theory I am expecting stock will show 1450 plus in upcoming weeks or months.
But there are two things to consider before stock makes any new lifetime high.
The first thing which comes in my mind is Volume in current uptrend there is no solid volume which we can consider for clear uptrend move.
The second thing which comes in my mind is there is big Supply Zone of 1320-1390 which need to be break out befor making any new lifetime high which does not seems to be easy task until and unless we see strong buyers who are not visible right now.
If we go with Fib Extention and Elliot Wave Theory we can see 1455++ in coming weeks