manuagarwal21

manuagarwal21

Nifty opened with a huge gap today @ 18215( vs. yesterday's close @ 18127). The index saw a sell-off in the first hour of the trading, followed by weakness in the next following hours as well, and made a low of 18064. Though it recovered post 1.30 p.m and was able to close near the day's High. Today's candle: Long legged Spinning candles Candle Interpretation:...

manuagarwal21

Adani power is sustaining 240-345 levels from the past few trading sessions, stock prices also look good on the daily and weekly timeframe. Hance sustaining 340 levels, the stock could move towards 355 - 360 levels in the coming trading session. Type of Trade: Swing Trade Buy on the dip and build up on the way up. CMP: 348 Buying zone 345-344 Stop loss below...

manuagarwal21 Updated 

The stock has created strong support in the zone of 27.80 - 30. Sustaining the same, it is most probably moving towards 42 to 52 levels in the coming months. Type of Trade: Positional Long Call Verdict 27.80 - 30 is a region of support. Trades? Buying on the dip, depending on how price action is.

manuagarwal21

Jsw Steel looks good on all time frames, the weekly and daily charts are in sync helping prices to move swiftly. There is a probability of the Butterfly pattern, which is a five-legged harmonic pattern, which if unfolds can take the stock to 725 to 755 levels in the coming weeks. I would wait for a Dip to enter the stock, however, there are chances that we might...

manuagarwal21 Updated 

Stock is looking good on most of the timeframes. On the hourly chart, it is consolidating above the previous resistance, which is now working as support i.e 818-820. Sustaining the support, the stock can probably move towards 840 to 860 levels in the coming trading sessions.

manuagarwal21

Opens with a Slight Gap. Saw some corrections initially. Started to recover post one hour. And then zoomed in on the final hour of the trading session \ Daily candle: Bullish HH HL candle Weekly Candle: Bullish HH HL candle. Weekly Candle: Bullish HH HL candle. Price Action on all timeframes looks great. Weekly Daily Support: 17850- 17950 Coincides and Sustaining...

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Nifty Opens Gap down Took support around 17950 levels. Closed near Day's high What's for tomorrow The range for tomorrow: is 17950 - 18180 Immediate support 17950- 17940, likely hold the price for a while. Immediate Resistance 18050 - 18070 Above 18100, it could move towards yesterday's high i.e 18160-18180

manuagarwal21

Nifty closed at 18082. Opens Gap up Open high almost the same Closed near day's low Formed Dark Cloud Cover Candle. Daily chart support @ 17940 -17950 Immediate support @ 18060-18070 Intraday resistance for tomorrow @ 18100-18080 What's for tomorrow Opening below or resisting 18100-18090 , nifty can move towards 17960-17940

manuagarwal21

Nifty opens Gap up today - continued yesterday's move. Formed an Indecisive candle above the resistance zone. Tomorrow Expectation: High Chances of a Gap up or Gap down the opening. The gap-up opening can open up more space on the upside and nifty can move towards 18250- 18270 levels. In case of Gap down opening above 18060 levels, nifty will still try to move...

manuagarwal21 Updated 

There is a Big Bull Candle formation of the hourly chart, followed by consolidation in the upper half range of the candle. Daily weekly , monthly charts all looks positive. Hence, if it sustains 396-398 , in the short term it can move towards 413, 423-425 levels in no time. Type of trade : Swing

manuagarwal21

Nifty opens the gap down below the support of 17500 and moved all the way to 17421-17400 to find the support. It formed a bullish candle at the support indicating strength in the index and moved all the way to 17600 levels. For tomorrow if it opens gap up above 17600, it might move towards 17700-17720. Though if it opens flat or gaps down, it might test 17400...

manuagarwal21

Nifty opened above the resistance zone , as we discussed in yesterday's post. We saw a good move in the first hour forming a bull candle. Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session. Expectation for tomorrow - Might open flat or gap up - Move towards 17530 - 17560 - if opens gap up above...

manuagarwal21

Nifty opened slightly gap down. Recovered right from the opening Closed near day's High. Considering the opening, follow-up moves, and closing, the price did well today, suggesting it might open flat or gap up tomorrow. Volatility is still on the cards Today's Close: 17311 ( closed at RZ) Immediate resistance at 17310 -17400. Immediate Support at 17240- 17180...

manuagarwal21

ITC still stands good on all the time frames. Now there is a probability of a shark pattern on the hourly chart, and it unfolds stock can test 345- 350 levels in the coming weeks. The stock should sustain 330 levels for this probability to hold.

manuagarwal21

Wipro has been respecting the 400- 385 zone for the past many weeks. And this week, it formed a spinning pattern at the same support zone. Now the chances are high that above 400 levels, it could test 420-430 levels in no time. On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels...

manuagarwal21

The stock had seen quite a fall from last week, and the weakness is carrying forward this week also. The next good support of the stock is around 167-171 levels. Keep an eye on the stock for bottom picking, though one can wait for the price to stabilize near support levels.

manuagarwal21

The stock has been holding 387-393 levels for the past many weeks. In yesterday's session it bounced off nicely from the support zone, and it looks like it is heading towards 447-450 levels in the coming trading sessions.

manuagarwal21 Updated 

Jubliant Foodworks bounced from the support twice and most probably getting ready to fly. There is a Butterfly Pattern probability on the chart, if unfolds we can see it moving towards 630 and 640 levels in the coming trading sessions. Type of Trade: Swing Long trade Build up on the way up Trade with Strict SL Price should sustain above 600-605 zone