we are hitting the resistance again and now try to move higher
we need weekly close above this resistance for the long setup
we will wait for good bounce and big bullish candle and than enter in this trade. till than watch the movement
HDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
Adani power near its major resistance level spending too much time on lucratively lower volume compare to its past up move.
I will get interested only if stock manage to give any closing above 41.6 on daily chart.
Ujjivan on daily chart showing some efforts to rise after a recent fall on relatively lower volume which indicates professionals or so.. called smart money were not interested in lower prices.
From current levels of UJJIVN we might started to see higher price.
Do note level of 235 will act as a resistance for UJJIVN hence safe player prefer to wait...
Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the...
If you see daily chart of GAIL will notice in last 4-5 trading sessions it has tested (not a valid test last low was 81.95) its one of major support level of 80.65. And now trying to move up again.
93.45 will going to be bit of hurdle for GAIL. But overall chart looks bullish.
Prefer to plan your entries above 93.45 only SL is of 80.
This view is...
Trading the chart with indicators, trendlines, breakouts, even the candlestick analysis are not enough to follow the order flow. For that one need an edge. Just follow the big money , follow the order flow. Happy trading
21 SEP 2020
TIME FRAME: DAY
SELL BELOW: 663
TARGET(S): 657 / 615
Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options...