Nifty has given a decisive closing below 20 week moving average and also had a breakdown from its upward moving channel . Now the next support will be found around 200dma and 50 week ma . Also the price action is line for the long term trend channel which acted as resistance after budget will now act as a support line . The red price action line will act as the...
Nifty is in oversold zone and holding the level of 17400 we can go for the abpve mentioned tgt with give stop loss
Banknifty taking support at 100 dma and in oversold xone with all the major stock trading at support levels
The stock had been taking support at the above mentioned price action line which is also supported by 50 week moving average which will act as huge support on short term basis. Also the stock has given a breakout above 20 week moving average which is good breakout considering the up coming Diwali session and auto sector can see some good sales volume.
Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
After a huge deep correction, we can see a bounce back towards the above tgt as it is indicating on the price action
It is making a morning star pattern and taking the support of 50 week moving average. Looks good for a short term buy, especially when the government is planning to speed up bad bank process, also the previous quarterly results were good and the stock didn't make any wild move yet.
PNB is taking support on 50 weekly moving average and as the bad bank setup process is fastracked we can see some good recover in the stock for above mentioned levels.
Banknifty made a hammer on 20 dma with a long wick and 50 dma is just below acting as a major support. For long traders, it is a good opportunity to take entry for oct series trade with upcoming RBI policy and result session in mind which will be driving forces in the market.
Nifty is making a gravestone doji just below 20 dma which may seems a little dicey but any sustained closing above that will create a buy opportunities of above mentioned targets. Any gapup opening above the high of the doji will form avstrong bullish morning star pattern.
Currently it is holding 50dma which is a good sign for the bulls as it made a hammer with ignorable upper wick. It has all the potential to achieve above mentioned targets provided it hold 50dma on closing basis.
The scrip is currently taking dual support on 20 week MA as well as pandemic lows trendline. Also the company is about to declare its result on the weekend , so it can be a good buying @ support levels for above mentioned targets with prescribed stop losses
It is consolidating in the range of 285-305 and moving upward over 200 dma. Any fresh breakout would trigger the second run for tata motors as in India due to festive season the demand will increase
Banknifty had seen a large sell off after the HDFCBANK missed its estimates but it has gone for deep selling and currently holding above 100dma which make it suitable candidate to buy for above mentioned targets.
Asian paints took a sharp correction within last week before the result season. As the festival season is approaching, paint sector will be a good buy for the short term. On the charts , it is currently holding 50 dma. Any correction to 100 dma will be an excellent opportunity for short term trade with above mentioned target and stop losses.
The only hurdle is 3950 which is 20 week MA. Any break out above that can give atleast 10-12 % return in short term and can stretch much higher if the nifty auto is in support. It is a good trade with almost 3 % of SL as seen on price action on closing basis
Nifty has given a breakout and the RSI in danger zone on weekly basis but it is not showing any sign of weakness which will give us the above mentioned targets with the given stop loss on closing basis
The stock is almost at the verge of completing inverse head and shoulder pattern but the fundamentals are not supporting for any downside breakout. The stock is a definite buy above 20 week moving average for the above mentioned target with prescribed stop loss on closing basis.