NIfty has made yet another ATH and is now near 17k. I take a look at the important levels and talk more about RSI along with the top stocks of the Indian market.
Monthly Expiry can be dramatic, it can be a storm for account blower and can be a volatile week saviour for option sellers struggled throughout the week.
Good to go long if any Daily candle close above 2550 with good volumes. Entry - 2550 Target 1 - 2627 target 2 - 2870 SL - 2446 R:R - 1:3 Book 25% quantity at 2627 and trail rest.
NSE:HDFC HDFC is ready for BreakOut at the 2760 BUY at This Level and hod until 2810 if broken 2710 Then SELL at te 2710 final support is 2660
HDFC - forming Flag pattern. Recently bounce back after taking support from 200 Moving Avg, with good volumes. Currently after forming flag pattern - possible breakout to 2800+ levels. Keep an eye on this - trade carefully. Please do own research and study before investing.
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade...
The indices saw a positive Thursday expiry, with option writers possibly making good returns thanks to a tough fight at 36,000 for Banknifty and a lack of momentum for Nifty. In fact, a directional buyer would have lost 50% premium over the past two days even though Nifty went up. Where do you think the #stockmarket is heading? Important Nifty levels and...
Some correction after a breakout, sustaining about 2600 can result in the rally to start again !!
Here's a quick analysis of Nifty, Banknifty and the top stocks ahead of the RBI announcement amidst earnings season.
The chart is self-explanatory. DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
DATE: 1 AUG 2021 INSTRUMENT: HDFC TREND: BUY TIME FRAME: DAY CMP: 2441.15 BUY ABOVE: 2452 STOP LOSS: 2380 TGT 01: 2550 TGT 02: - TGT 03: - INDICATORS FOR CONFIRMATION OF TREND BOLLINGER BAND: BULLISH PSAR: BELOW CANDLE RSI: BULLISH RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your...
HDFC crucial support,if break 660 next support 570...if breakout from 730 then target 900 intact
We make blueprint for tomorrow's expiry. THree possibilities
HDFC target is 3590 which is 40% high from present rate
Banknifty has formed a wedge on 240H timeframe which gives a sense that the index might get re stuck before uplifting to a greater HIGH. However Expiry is to be well planned so that our actions be clear when we trade . Heres above the Three Possibilities and possible travel path for #BANKNIFTY
After a long consolidation for almost 6 months , the stock has formed an triangular structure and has given a breakout with good intensity of volume in hourly time frame, assuming wave e to be complete around 2400-2440 area , one can buy the stock on cmp and add on dips if any, maintain the stoploss of 2350 and look for the target of 2626, 2793, 2929, and...
Hi Traders, Inside Bar Breakout 1H frame Entry Yellow Below Breakout (avoid Gap-Up) Sl make candle High Its Profit Making Strategy Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives. Thanks & regards Sakthi