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Sensex
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SENSEX : An overviewSensex broke the uptrend line and broke down and is currently hanging between Support and resistance. Breaking the support box (Red rectangle) may cause a sell-off Towards the lower Targets.
Yes!! Bank investment opportunity.Yes Bank consolidating,
reasons to invest
1. stocks holding this value after major devaluation.
2. value buy here since stock value is pretty close to the book value of the company.
3. New management and support from State Bank of India to overturn things.
4. earnings are getting progressively better each quarter.
thank you
this is not financial advice!
SHARDACROP - 11-months range breakout with huge volumeSHARDACROP gave 11 months range breakout with huge volume. Showing strength during the heavy sell-off.
Ruchi Soya to get Patanjali flameRuchi's structure looks like a big rally coming soon might make new highs . Good luck lets see how it plays...
Gujrat ambuja exports, Breakout above 100 EMAGujarat Ambuja Exports is principally involved in agro-processing and trading and has focused on exports, competing in the global market.
The company has put in place a strong infrastructure that constitutes technologically advanced plants with captive power generation at each plant, most modern quality control, improvement setup and human resource. GAEL is poised to scale newer heights and is fully geared to achieve the magical Rs 1,200 crore operational turnover.
It's closing near 100 ema, even it gave a breakout with higher volume. So I expect to give atleast 5-10% returns.
SENSEX (S&P BSE Sensex) Index Analysis 07/04/2021as earlier we had predicted an other impulsive wave for better shorting position and we shorted it at 50363
Fundamentals:
as we know the system is Forcing the Covid-19 Vaccination to the public so it requires to reshut the country for showing it some seriousness and let the Culprit capitalists gets more capitalize and some Retail Section to loos on some positions.
we are facing another lockdown and it will effect the economy and it stimulate the market to make some retracements.
Technical Analysis:
now we are getting our Bearish Divergence with MACDs confirmation with the Head Fall of the Bullish rally and retest of the immediate Support we can now specify 4 Targets by Fibonacci Retracement.
these 4 Targets are having strong confluences with the certain levels in Price Action analysis.
we can target the 3 TP as soon as we the 2TP gets Trigged followed by some retracement and Distribution
Sell SENSEX Target 20% drop- Stay tuned
Remember this is the SENSEX divided into INRUSD
First target 640
Intermediate 560
Final 480
Markets needs a retracement to at least 200 EMA.
Higher inflation than expected will hurt EPS
Reliance - Swing Trade (Target - 2500)#Study Material
Just an "Introduction of the Elliot wave theory". Keep this as a study material.
INDIANBANK - Supply Breakout + UptrendStock is in uptrend and breaking the supply for second time, the stock breakedout ascending triangle previously, which gave huge upsurge to price, in the last session of the market price successfully closed above the supply zone, we've marked a minor resistance as breakout level.
TATAPOWER - Flag PatternPrice has made flag pattern & is ready for breakout, this is a continuation pattern which has high probability to react long, wait for breakout,
ICICIPRULI - Strong UptrendCurrently stock is in strong uptrend, this is the third time price is going to touch the trendline, price reaction will be aggressive after breaching marked levels, we've also marked a breakout zone where price can consolidate to respect the trendline perfectly.
HAL - Strong Uptrendprice is currently consolidation on a major trendline, on lower timeframe price is in downtrend since 18Oct, price can surge aggressively after the breakout, we've marked supply & demand zone which is a crucial level for HAL.
Bullish Trend + Demand ZoneHindustan Unilever is in uptrend and currently on a major demand zone, a bullish divergence is also supporting the price to rebound after heavy selloff.
SENSEX Support and Resistance (SHORT)To date this market has been one of the easiest to read.
Major retrace to March 21 support expected and on track.
Best, Hard Forky
Move up
Approach
Summit
SENSEX - PivotPointJust a perspective on the market. Support/Resistance lines seem valid for last year.
I am bullish on India so would not short this market but expecting large correction relative to current price.
B, HF
Britannia ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
This is a high risk trade as the market is in a overall bearish sentiment. Plan Trades Accordingly.
Tech Mahindra Cup and Handle Pattern Tech Mahindra forming beautiful Cup and Handle Pattern Near Lifetime High.
Keep Eye on Breakout we can expect a 150-200 points target.
Hit like and share Idea
Happy Trading
Swing Trade Bajaj Fiserv C&H patterncup and handle forming Cup and Handle pattern on the hourly chart.
Good opportunity for Swing trade.
refer chart for levels.
Happy Trading.
#cupandHandle #Bajajfinserv
Short opportunity in Asian Paints
Chat is self-explanatory.
Setup is very simple only Support and trend are used.
Asian Paints trading near the Support level.
Asian paints is weak below 3150 can drag down 150-200 points down from level.
Happy Trading.
H&S pattern formation Ambuja Cement.The chart is itself explanatory.
Ambuja cement testing its dynamic support as well as it is near to give head and shoulder breakout.
Keep a close eye on Ambuja cement if the breakout happens and it stays below 387 then we can see more weakness.
and price can drag up to 347-40
Happy Trading.
