Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Stock name - Pudumjee Paper Products Limited. ✅#PDMJEPAPER trading above Resistance of 89. ✅Next Resistance is at 109. ✅Moved 51% in 16 weeks. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Master Score -...
The downside is now completed. banknifty is now ready to reverse as it has taken a clear support at pitchfork line. Our first tgt is 49094 and final tgt for this reversal is 49500
NSE:MANYAVAR rsi > 50 REversal from bottom Good volume breakout above 965 with sl- 919 target will 1028/1146/1250
IPO based strategy Round bottom pattern RSI above 60 daily / weekly / Monthly moving averages in line 21/50/200
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1. Trend: downtrend to sideways 2. Probable support area for reversal 3. Early entry will give highest reward with least risk 4. Can keep booking partials on the way to reduce risk if downtrend continues after a pull back
BANKNIFTY closed inside va 1. gapup 48350 long till 48550 2. 48350-48000 trade reversal 3. gapdown below 48000 short
NIFTY closed inside va 1. gapup 22425 long till 22500 2. gapdown below 22350 short
with the way RPG Life Sciences is its support trendline, it can be a great buy for a swing trade with targets easily reaching 1800 and 1950 after that. So the target is nearly 30% gain, then it would be advisable to keep an SL of 10% to maintain a 1:3 trade at the minimum and then it can be further trailed to 1950.
Another breakdown in the daily chart of HDFC Bank. It has respected support at 1480 but we may see a dip if the same is broken. There is a sort of a double top pattern made before the breakdown which makes me bearish. Can sell for targets below 1420. Educational purpose only
Banknifty at present trading in chanel we all can see clearly so according to chanel 47400-47500 is support area so we can expect bounce from this zone and if break this zone then we may see another fall
The trend in the daily chart of Coal India is bullish. The candle today has closed above the resistance. We may see 500 levels soon. Educational purpose only
There was a trend breakdown in the daily chart of PNB. There was a reversal attempt today which failed. Can go short for target of 114/115 Educational purpose only #PNB #bear #trade
There is a breakdown in the daily chart of IEX Can go short for targets of 140 & 130. Educational purpose only #IEX #bearish #trade
Below mentioned points are discussed in my post analysis video(Fast forward to 0:25 for Hindi Audio) -No Trades in the morning -No Volumes in nifty before 10 -Bought Nifty Future for a Target of 22500 break;TSL was hit. -How will i trade when market opens tom
After long time LT is near about demand zone as per my analysis but its trend is bearish so I am interested to sell this stock first. When price is situated between current demand zone than plan for buy. Found three trading points you can calculate your own risk and reward and go for this analysis.
Inverted Head Shoulder pattern formed on weekly chart of SARLAPOLY. A weekly closing above 76 will give further good targets of 85,90and 100 in medium term.keep ur eyes on the stock