About me19 years old, started trading 2 months back. A believer of trial and error learning methodology. Strongly believe disciplined trading is highly beneficial than long term investing. LOOKING FOR A MENTOR!!!
Short in the range of 650-660 , trend line is broken but there are chances of it taking support in that range and continue with its upward journey.
Contrarian Call if resistance is broken look for longs above 690.
NSE:BAJFINANCE Bajaj Finance is forming lower highs and lower lows, and its lower breakout will be done soon, better take a positional short is futures June series and 2200 as SL. For target and more details view chart.
NSE:AXISBANK Axis bank is near an important zone which is 440 which acted as a major resistance during past few weeks, also it is just a few points above 100day EMA, MACD is about to give the negative crossover.
NSE:NIFTY Since the time we hit an all time yearly low on nifty, it is gaining in a "RISING WEDGE" manner whose breakout wont be coming soon.
Looking at Fibonacci retracement it can be drawn that we are heading towards 10,000 mark (approximately) which is 0.5% retracement which also has highest call writing for 7/05/2020. Also a bigger announcement is on...
NSE:IBULHSGFIN So Ibull had a bullish breakout above its resistance trendline on 27/04/2020 but even after breakout it is consolidating in the range of 117-120 which is a resistance zone since past 2 weeks.
1. IF Bullish Trend Begins
if we it successfully breaks 120 we may see another R1 122 and final R2 or TARGET of 132.
2. IF Bearish Trend Begins
NSE:TCS TCS is currently trading in a range of 1500-1900 but the POSITIVE thing is that it is having HIGHER LOWS which increases the probability of breakout above1900 and it has also formed TRIPLE TOP at 1900 which makes a stronger resistance to break. IF it doesn't break 1900 it may take support again at 1800 and next support is at 1700. According to me the...