TradeByTrend

TradeByTrend

HDFC, ICICI, Kotak and Axis banks are near their support/breakout zone. Highly possible that bank nifty will be trending on 16th December

TradeByTrend

HDFC bank has rallied today. More bullish from here

TradeByTrend

HDFC Bank has again tested its short term support and started to move up. It may test some resistance at trend line but it shouldn't bother this stock much. It can easily breakthrough it.

TradeByTrend

HDFCLIFE has given breakout on a dull day. Overall we ca say that this will be going upwards in few sessions from 11th December.

TradeByTrend

Bajaj Finance is consolidating for while now. It has come to its short term support on 10th December and in last session of the day, it has started upmove. I think if global sentiments are positve, that will reflect nifty and Bajaj Finance will grab this opportunity to make solid upmove.

TradeByTrend

GODREJCP is sitting on a trend line support. With nearly 72% delivery percentage on 9th December, I think accumulation is done and it is ready to give big upside move.

TradeByTrend

BPCL faced strong rejection while breaking out on 7th December. But the strange thing here is that for such a strong first 1hr candle today, volume was significantly low. I suspect operators might have played part here, trapping all bullish retailers. Might possibe that this will fall now to grab SLs of trapped bulls or it may again touch its resistance zone and...

TradeByTrend

HCLTECH has given breakout and now taken a support from its previous resistance level. High chances that in first hour on 8th December, it may come to its support again and carry on it upmove. Not a bad price to go long.(short term)

TradeByTrend

KSCL has given breakout with huge volume. But if you check its history, it has hardly maintained its momentum after such volume. So, I am littile cautious about going long immediately. If it opens gap up and sustain above 425, it can give nice upmove. If it opens flat, I think breakout will fail. So, be ready to grab shorting opportunity also.

TradeByTrend

Reliance has underperforming from quite a few days. Now its sitting on short term support. It can go up quickly from this level

TradeByTrend

CIPLA has given breakout after consolidating for almost 20 days. I would be buying this on first retracement near support zone.

TradeByTrend

HDFC is started forming lower hihgs. I can see 2 trend lines. And it can fall by touhing any of those. If it opens gap down on 4th December, look for red trend line to short, if gap up, short on second trend line.

TradeByTrend

Plan your trade according to the levels mentioned above. Dont hurry. Watch, Analyse and Trade.

TradeByTrend

Coromandel failed to breakout its resistance zone on 2nd Decmber. Now its sitting on trendline support. It may again test the resistance zone on 3rd December or if trend line breaks on lower side, it may test 790 level. Good chance to trade on either side.

TradeByTrend Updated 

Adani Port has given strong upside move today(1st Dec;20). But now its into selling zone, so I would be watching this script carefully on 2nd December to short sell on first confirmation

TradeByTrend

SBI Life is in consolidation zone. Watch out for big movement on either side. On 2nd December, I will be looking for Buy side when price range is around 846-847. Will look for Shorting opportunity when price range is around 855