TheMamboMomentum

TheMamboMomentum

Bajaj finserv is good for swing trading. It has formed and bullish engulfing pattern on daily time frame. The stock has retested the previous trend line and is near the resistance level of 16570. If the stock cross the level with volume confirmation, it can move up to the level of 18000. Bajajfinserv will give a good move on long side. Target :- 18000, 18500.

TheMamboMomentum

Nifty closed on a bullish note on last trading day. Market trend reversed in the second half of the market. Nifty is just below the resistance levels of 17321-17340. Support levels:- 17190, 17100, 17000 Resistance levels :- 17340, 17500, 17600 Wait for the market to give a movement in either direction. The market may consolidate as market moved very bullish...

TheMamboMomentum

Bank nifty has closed just the 50 ema on daily timeframe and tge Resisitance of 36375. (market close @ 36348) On hourly time frame the market seems bullish and have crossed 200 ema. Todays levels Support :- 35950-36000, 35630, 35500 Resistance :- 36375, 36650, 37000. Market may consolidate today as the market moved violently in last trading day.

TheMamboMomentum

Nifty as expected couldn't cross and sustain the Resisitance level of 17320. The market has streched and a retracement was pending. On hourly time frame the trend look bearish and market is just near a short time support of 17110. Wait for the levels and price action to for a pattern. Support :- 17110, 17000, 16700 Resistance :- 17200, 17320.

TheMamboMomentum

Nifty 50 has travelled above 17300. Market has consolidated for the last trading day in a narrow. On daily time frame, market is respecting the golden level of 0.618 on fib retracement. Support :- 17260, 17200, 17000(round figure) Resistance :- 17320, 17500-50. Wait for the chart pattern to form near trend line.

TheMamboMomentum

Stock has been consolidating in a symmetrical triangle from june 2021 and is respecting the resistance level. If the stock closes above 1083 on daily basis, it can give a good target points. Bullish target for symphony 1108, 1146 Wait for day's closing for today

TheMamboMomentum

On daily time frame the stock has formed a descending triangle pattern. Its trading near its crucial 20 and 200 Ema If it gives a breakout and sustains the price above 718. It can go upto first traget on 745. Support :- 685 Resistance :- 720, 745, 773 Wait for the price action to form a pattern near the levels.

TheMamboMomentum

Yesterday techm trendline drawn failed. Descending triangle pattern is a bullish signal if it breaks out the pattern. It can give a good upmove before it breaks the triangle.

TheMamboMomentum

On an hourly time frame it is respecting 0.618 (golden level) of fibonnaci retracement. Its forming a desending triangle pattern on 30 minutes time frame. A bullish breakout may give a good move.

TheMamboMomentum

Tata steel is near a crucial suppor on daily time frame. It is respecting the support and has reversed on previous occasion. It can reverse if it closes above 1070 and tomorrow there is green candle. Wait for it to reverse.

TheMamboMomentum

From 19th October the stock has been consolidating in a symmetrical triangle pattern. It is near its support. Wait for the confirmation before entering inro the stock. Nearly 3 months of consolidation has been there. Once the stock price leaves the consolidation phase it can give a good moment either side.

TheMamboMomentum

Bear flag and pole break down in godrej properties. Consolidation and parallel channel break down shows more down movement in the stock.

TheMamboMomentum

Bajaj finance is giving a breakout from a parallel channel. Resisitance is near 8000. If sustains above the resistance, can give another 2-3%.

TheMamboMomentum

Maruti after a good move is giving a consolidation in descending triangle. May give another up move after a breakout. If closes above 8310, can But for a swing trade for a target of 8550.

TheMamboMomentum

An obvious flag and pole pattern in TCS on 15 mint time frame. On breakout it can give a minimum target of 4050 Buy onlu after a breakout and carry the position if it closes above 4053 on daily basis.

TheMamboMomentum

Close Above 1203 on 15 mint sbi life is bullish Intraday target 1220 Swing target 1247-50

TheMamboMomentum

Nifty FMCG gave breakout and may continue to look for up side. Britannia closed above the trendline and can be bullish for today. Target :- 3675 Sl :- 3600