KOTAK MAHINDRA BANK as on 06.08.2021FALLING WEDGE PATTERN FORMED!!
Breakout candle also formed!!
MACD showing strength!!
RSI above 60!!
SAME PATTERN FORMED IN A WEEKLY CHART TOO WITH BREAKOUT!!
Flag formed in a Monthly chart with a breakout candle!!
EMA 5DEMA crossing 13 and 26 DEMA in day chart!!
SO many confirmations!!
CAN MAKE A NEW HIGH!!
TARGET=1900/2000
STOP LOSS= 1750/1630 OR TRAILLING STOP LOSS!!
(THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DO NOT TAKE IT AS ANY BUY OR SELL CALL)
Sharemarket
ICICI BANK potential distribution phaseHey guys!
Today we are looking at the ICICI Bank chart.
Seems like the recent bull market move needs some rest for a while.
Although anything can happen, I am waiting for clear confirmations before executing a sell or a buy.
But mainly I would look for sell side trades.
The horizontal orange line shows the level, if broken, I would look to sell the share and go short, i.e bearish.
I might sell calls or buy put option or might sell the FUT or EQ segment. Will depend on the situation at that time.
Nothing mentioned above is an investment advice, kindly contact your financial advisor before taking any action.
We will not be responsible for any profit/loss
Good luck guys! <3
What is Stock Market? What Is Stock Market ?
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A stock market, equity market or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment in the stock market is most often done via stockbrokerages and electronic trading platforms. Investment is usually made with an investment strategy in mind.
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Nifty , the breakout we all are waiting for!Look at the marked areas, This zone has sent Nifty down twice, now nifty is at the same point what what does the price action says here,
See carefully the change in volume , last two times all red bars but not now , also some good green candles have built up.near supply zone which says that it is no more a strong resistance zone.
The price action says Nifty is going north.
Simple price action, no jazz.
#L&THousing & Fin multi year breakout #stockmarketLTH is about to break its multiyear channel on daily chart, wait for it to give a BO and then enter.
Simple price action , no jazz.
Prince pipes fittingSee this retracement , such patterns are a symbol of another breakout, it's just like pulling your arrow back before shooting.
I am sure most of you would have not even heard of this but this stock is on steroids with decent volume. Keep an eye.
Simple price action, no jazz.
#sharemarket
#stockmarket
#nifty
#indianstockmarket
#investing
#sensex
#investment
#trading
HDFC Long 24 June 2021HDFC is Going Long in Next 2 Days.
Fundamental Analysis : HDFC Buys More Stake.