Prediction : Flag and pole are in the making in daily charts of TCS near an important support. Trade in the direction where it breaks. Less confident on the sell-side as there is another support very nearby. Swing trade on the buy side if the flag is broken on the upside.
SBIN and Bandhan bank predictions by me were spot on.
Bandhan bank share made a significant price action by re-testing important support of two years, which is now a resistance. But now is not a good time for shorting (future) as it has now fallen 15% already in just three sessions. Wait for a pause - a small and volatile green candle. When the low of that candle breaks, that's the time to short for a target of 155...
TCS has formed an inverted head and shoulder pattern and has also broken the horizontal resistance. we can expect a good upside momentum and it can be taken as positional equity
low risk strategies such a bull put spread can also be explored
Note: this is for educational purpose only
SBIN Prediction: The market is at important support. The market is very unlikely to go down from here.
The prediction is sidewise or up.
Good for swing traders with 3-6 months of lookout and SIP
Some interesting observations
1. In Weekly time frame, If we draw GANN Resistance Fan taking low of 16 March 2020 and place 0.618 line on highest price . You see almost perfect price alignment on Gann fan lines
2. Daily bullish divergence on RSI & MFI. Retest of 5900 is possible, followed by rebound to test 6000 - 6150 Rs. This could be speculative PA and not...
Salzer Electronics Ltd - 23.03.2023
The Prices are below EMA in weekly chart
The immediate resistance zone is 261
one can initiate a long position at current levels (253.50) with support @ 239 for further upside price movements.
stochastic is ticking up in weekly charts
watch out for the price action
SWING TRADING STOCK:
HBL Power Systems Limited is one of the world’s leading manufacturers of advanced-technology batteries (Lead Acid, Nickel Cadmium & Special Defense) & DC systems for various industries.
4Times SUpport from Trendline on DAILY Timeframe and also 200MA Support but Facing Resistance on1Hr TF.
Track this stock for few days.
BPCL Short to Medium Term View is given
SL is on 336.40
Entry is at 324.55
Target is at 299.90
This View is for Short to Medium term only and is purely based on technical analysis and is for educational purposes.
Company website krblrice.com
World's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India
Also World's largest Basmati Rice exporter with channels in more than 82 countries
Lowest price to earning at 12, Market Cap: Rs. 5,700cr ( $ 750 million)
6% debt vis a vis peer companies debt @...
$BANKNIFTY1! global data seen negative
but we need to prepare on both side movement
we need to see global market closing at the morning
1) if positive we short Banknifty or buy PE at 42000 nearby level
2) and below level we taking PE by trialling stop loss
3) if sustain above trend line we buy for the target at upside
#COAL INDIA...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...
UBL Short Term View Is Given
SL is on 1,445 (Candle closing below 1,445)
Entry is at 1,472.45 ( Any Candle closing above 1,472.45)
Target is at 1,536.25
This View is purely based on Technical Analysis and is for education purposes only.
