Stock on a crucial weekly range After forming a shortfall in the area of confluence around POC and Discount Zone If the stock sustains above 950 in the end of week, it is expected to give a very good rally upside
FSL Analysis Resistance Level:172.5-174.5 After a breakout, the stock is retesting the above level again SL below 169 Expected Target Levels for Upside: 180, 195, 210, 220
Range Breakout(1510-1765) with a higher relative volume bar on daily time frame. Upside Targets will be the levels above 1765-1775 as shown in the chart
Realty Sector outperforming the benchmark index OBEROI REALTY forming new all time highs Supertrend positive and it broke Pivot R1 and previous swing high around 1200 level. It also tried to break Pivot R2 level as well but could not manage to do it. I am expecting the stock to give some retracement near 1200 level before the bullish journey resumes again
Rising Wedge Pattern on a strong uptrend at 15 mins time frame Support: 20145 Downside Target: 20050-20060 Then a Consolidation Zone: 19950-20015
After forming a base level around the level of 745, VOLTAS showed a strong rising trend till the level of around 820 RSI=70(strong momentum) ADX=21 and rising (strong rising trend) Above 50,100 and 200 EMA's only below 20 EMA(839) Resistance Zone:820-830 Upside Target: 845-850 and 865-870 Support Zone: 745-760 Below this level VOLTAS is weak.
Daily Time Frame Outlook: A strong rising trend in NIFTY50 as it is above 20,50,100,200 EMA's and INDIAVIX continues to be at a stable level of 10 showing more stability and confidence of market participants about the trend. ADX after forming a peak level of 50 started trending down to the level of 37 now and RSI=52(neutral momentum). We can see a sideways market...
1. Trading in a box range from a long time and now closing above resistance of 307-309 2. Closing Above 200EMA 3. Volume>Volume 50MA 4. RSI=70 5. ST and MT Outlook: Long Buildup Entry: Near CMP 311.90 SL: Below 307 Exit: 318,335
1.Consolidating in a same range(290-355)for over 300 days 2.MT and ST Outlook: Long Buildup 3.ADX=28.87 4.Above 20,50,100,200 Ema's 5.RSI=70 Support=290 Resistance=350-355 Target=385,400
1. MT Outlook: Long Buildup 2. Breakout of "W" pattern in daily time frame 3. Symmetric Triangle Pattern in weekly time frame Entry: Upside break of the triangle Stop-loss: Downside break of the triangle Target: 885-905(Confluence of Pivot R3) For a bit longer term, we can also see a target of 65%-68% from the breakout of triangle NOTE: I am more interested to...
NIFTY:17094.35 SGXNIFTY:17960 Support:17930 Downside Target:16765-16810 Resistance:17185 Upside Target:17310
Reasons To Trade: 1.Rising Wedge Pattern 2.MT Outlook: Short Buildup 3.Golden Cross 4.ADX=17(Rising) Entry on break of the wedge CMP: 417.15 Upside Target: 450 Downside Target: 340, 315 NOTE: 1.Expecting a strong directional move which can be on both sides 2.Maintain a...
Falling Wedge Pattern on 15 mins time frame Support: 1970 Downside Target: 1918-1925 Resistance: 2000 Upside Target: 2030
SGXNIFTY:15350 NIFTY:15293 Resistance:15405 Upside Target:15690 Next Resistance:15885 Upside Target:16180 Support:15180 Downside Target:14990-15000 (Pivot level on 5 mins and 15 mins)
NIFTY:16201 SGXNIFTY:16048 For Swing Traders: 1. Inverted Flag and Pole Pattern 2. MT Outlook: Short Buildup 3. Breakout from the pole can bring correction up to (10-13)% from CMP For Intraday Traders: 1. Taking support from Trendline 2. Support: 16190 ...
CMP: 149.60 Energy sector seems good Double-Bottom Pattern Trading above POC=146 Resistance: 150.90 Target: 160
BANKNIFTY: 33121.35 Resistance: 34725-34810 Upside Target: 35140 Support: 33085 Downside Target: 33121, 32868, 32640, 32417, 32278
NIFTY: 15782.15 SGXNIFTY: 15892.50 Weekly Time Frame: 15860 important support broken and 15865 was 0.382 fib-level as well Daily Time Frame: 1. NIFTY Trading Below 200EMA(16800) 2. RSI=26 3. Next Important Support: 15745 Below 15740, a big downfall expected For Intraday Traders Resistance: 16085, Upside...