RELIANCE SHORTReliance forming a double top. We can see a good fall in this for some trading sessions.
As we can see that, the market is in downtrend, it will be good to go short in this stock.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RELIANCE
Bank Nifty Intraday StrategyHi Everyone :))
Hope you all are doing good.....
As you all know #Banknifty doesn't give us a good move yesterday over, all banknifty move in range of 36200-36500.
Today is weekly expiry so market will show some good move let's see how to trade.
1. If banknifty give us a good opening and move above the level of 36500 then go for CE till the target of 36900 and if it cross it with good volume then may be banknifty fill the gap and then the target will be 37400......
2. If banknifty give us a breakdown then i'm comfortable to buy PE below the level of 36000 then the target will be 35800 and 35600.
3. If banknifty doesn't give us any breakout or breakdown then as usual buy at support sell at resistance.
That's all for today hope you all like it.
Thank YOU:))
Nifty, Banknifty and top stocks analysis for tomorrow + levelsReliance, HDFC twins and Infy were able to lift the markets fairly well today, but that does not necessarily mean that the bearishness is behind us. All eyes are on ICICI Bank as we could see it being a key performer or dragger in the coming days. What's your view?
RELIANCE : Facing resistance RELIANCE : Facing resistance
After opening today with good volume Reliance is stuck in range.
Reliance getting major resistance to cross 2725-2735. It needs to cross and sustain for further up move.
If it breakdown from here, we may see 2680, 2650
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Bank nifty long position Hi Everyone ..............
Here are some important levels of #banknifty
As you can see banknifty is trying to break the same level (37900-37400) from many days but can't move above and below the levels so take trade only at support and resistance.
*Also do breakout & breakdown trade for bigger profit.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsYesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC Twins have completely changed sentiments today, helping Nifty close above 18k and helping Banknifty gain 1500 points. In this video, let's take a look at why I had a bullish bias and how we could have analyzed this move + do our daily market analysis.