BitofaMillion

BitofaMillion

#NALCO - Looking strong and just broke the yearly resistance of 86.75. Short Term (weekly)- consolidation might occur in 89 - 92 zone, break of 92 will lead to a strong momentum in medium term. Resistances - 92.10 - 95 - 101.2 (Strong)- 108.65 - 122.85 - 133 Support - 86.75 (Strong) - 79.40 - 76.30- 67.30

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#ONGC - Ready for Breaking out with Cup and Handle pattern on break of 171, with strong uptrend potential in Short to medium Term for Resistances(Fib) - 181-189-200-205-220 (retracement) Current Support : 169.25 -167.30 - 156.9 - 144.2

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Vedanta - it just broke the previous down trend channel marginally. Confirmation will be at strong break of 288.40 for a nice swing to 295 - 300 - 318 (strong resistance), break of which can take to 338 +. Current support levels 278 - 276 - 267 - 248. Short term positive (week and medium term (1Qtr) also positive.

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Forming a nice Arc Bottom and breaking the neckline. Great setup for 40 - 50% up move. + Good fundamentals and continues growth path + large institution also vested into it Target - 30 - 40 - 50+ Duration 3-6 months

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Breach of 38350 can provide nice short opportunity. S1-38350 , S2- 38050, S3-37750 R1- 38500, R2-38850, R3-39000 Once the Gap is filled at 37750, it might bounce back strongly.

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Bank Nifty has provided two beautiful Signs for Reversal 1. Homing Pigeon on Daily which is somewhat similar to Bullish Harami, but its known for weakening the current Trend, hence Reversal is just around the corner. 2. 15 mins had created a beautiful Cup and Handle which is again a reversal signal. Another interesting observation is that BN is closed the Gap...

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Apcotex had formed a nice Bullish Harami pattern, Buy at current with SL at 331 and Watch for the key levels for trend. Break of 348 is needed. Support Levels - 331.6, 316 Resistances - 348, 364.5, 390.8, 402.6

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Watch for Key Level Support - 36100, 36,290, 36,535, 36,918 Pivot - 35,900 Resistances - 35,514 , 35,278, 34,890

BitofaMillion

Lauruslabs is very bearish and breach of 513 gives nice 20 to 50 pts downwards gain. Reversal potential on strong break of 526 S1 - 505 S2 - 497 S3 - 484 R1 - 526 R2 - 539 R3 - 546 EMA 20 should be your guide for beautiful execution.

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Breach of 18973 brings close to 300 pts downwards gain. watch for key support and resistance levels. If it goes above 19090, watch for reversal and confirmation will be on break of 19246. S1 - 18820 S2 - 18659 S3 - 18395 R1 - 19246 R2 - 19510 R3 - 19671

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BankNifty Scalping Strategy 20/6 EMA Game Firstly Draw BankNifty support and Resistance level ( S1,S2, Pivot R1, R2) Below are the rules 1. Observe the chart on 10 mins timeframe and look for breach/Break of EMA20(Brownline) 2. Wait for second candle confirmation of trend and then take your position in direction Breach(Put ) and break (Call). 3. Now switch...

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IRCTC has shown a strong trend of bounce of Weekly VWAP which is 773, which is currently 775 range. Breach of it may have consolidation at 725 - 751 range and bounce back. For reversal confirmation please watch for break of 805 and strong break of 825 will take it to 913,978.

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Traditionally it breaches VWAP and consolidate at EMA 180-200, Reversal potential at strong break 2400 and confirmation on 2452.

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Cipla exhibiting strength and has broke 921 and confirmed the mood with breaking 935. Will watch closely for breach of these critical supports for trading.

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This is very bearish, all supports are mercilessly broken, 530 was a hope... next intermittent support are at 495, 473, 436 (Potential consolidation zone) Equally breach of this will be 348, 308 ....

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Bearish view on FSL short term : Key Support levels - 174.5, 169, 162 Potential bounce at 200 EMA (176) on Daily if it doesn't breach 174.5