As Per Price action & upcoming Events are driving the ( market ) Banknifty to Hit the Pending Gap & then will try to Cross ATH and the new ATH is Likely to Hit By this Year.
The Election Results Fed Policy & Credit Policy are Key Events to Watch, Banknifty is in a Good Mood and trading with Positive Bias.
All Global Markets are also Supporting the Indian Market...
PULLBACK TRADE IDEA
Buy INTELLECT around 760-765 levels
SL: 749 (Closing Basis)
Add more above 810 - Pyramiding (Increasing Position Size)
805-810 is the support level which is currently broken by the stock. This level will now act as resistance, stock will boom further up if it crosses this level decisively
This is not an...
PRICE ACTION ANALYSIS
Stock Name: CHEMPLAST SANMAR LTD
1. Why Trade for Quick Swing ⁉️
- Morning Star at Support of 50% Fib Level
- Trendline Breakout with Volume
2. When to Buy❓
- Buy above High of 13th April i.e. above 647
3. What should be my Stop Loss 🔴
- If stock closes below 610 on Daily basis, exit and wait for next trigger!
4. But my view is...
Swing Trade Idea
Buy AIAENG Above 1785
There is minor resistance around 1815 level. Safe Traders can go long above 1815 as well.
Risk Reward is not very favourable in this trade.
However, one can take this as a Swing trade based on the levels mentioned on the chart
Bottom Buying Idea
Buy GNA AXLES above 575
- Small Resistance around 595-600 levels
- For Short-Term: Keep SL of 519 (DCB)
- For Mid-Term:
1. Add more around 515-520
2. SL for Mid-Term: 460
Recommend this pick for Mid-Term.
Levels marked on chart!!
Buy Above 92
..Small Resistance at 97..
Keep SL of 79 on Daily Closing Basis.
Can explode anytime !!
..This is a reversal trade, above 92 trend will change..looks like accumulation on going for next rally..
Nifty towards new LH in coming days!
Nifty Weekly View:
1. Nifty broke the previous low but failed to close below support.
2. More Pain if Nifty closes below 16350 on Weekly Basis.
3. The structure is not very positive and looks like another LH coming soon.
4. 17530 is first Resistance. Structure will change if Nifty breaks 18350. Road to ATH opens only above...
Buy Pricol above 136
Safe Buy above 140
Add More around 120-122 levels. Stock has always bounced from the dynamic support as shown on charts.
for Mid-term: 105
for Short-term (swing): 115
Buy ASTERDM above 201.
Safe traders can enter above 203 as well.
Short Term SL: 189, Target 212...219..237.
Sustaining Above 219, stock can breach ATH and can go further up.
Trail SL above 215..
Looks like a start of good uptrend in coming weeks
Looks like, Ready for new run !
Buy VINYLINDIA above 275 with SL 248.
There is a minor resistance around 280 level. Safe traders can buy above 280 as well. Stock looks good for Swing Trade.
High Probability Trade
Why Buy ?
-> Simple Price Action, Price making HH-HL.
-> After reaching ATH, price retraced from 50% Fib levels and has given a nice breakout with Volumes
-> Nice CUP breakout on longer TF
Buy Above: 325
Stop Loss: 280
(Weekly Closing Basis)
Targets: 345, 375,...
Safe Buy Shalimar Paints Above 133. One can even buy around 130 level.
There is a Small Resistance around 150-152 levels. However, journey towards 165 looks smooth in coming days.
Add more around 120-122 levels (on retracement)
Nice break with volume. Crossing resistance i.e above 133 will show good upmove. Looks good for mid-term....
High Probability Trade Setup
Buy NEWGEN Software above 620.
Risky traders can even buy around 600-610 range.
Stock looks good for mid-term.
Above 645, stock can blast and we can see 700++ levels as well. Refer chart for in detailed levels.
There is a gap created from 664 to 645, high probability of gap getting filled in coming week.
Good Volumes seen on the...
Buy above 74.50
SL @ 63 (DCB)
Add more near 68-70 range.
Small resistance at 80. Looking at volumes
it will break this time and stock can explode
further for 100-120 range.
Risky trade setup.
If holds 100+ level stock can boom further
Dalmia Bharat Looks Good in Coming Days if breaks 1950-1970 range.
Risky Buy Above 1945 | Safe Buy above 1976 for Target of 2050, 2150 ++
Nice Price Action in Hourly Chart. Price retraced from 50% and about to break. If opens in range on 7/01/2021, one can go long in intraday above 1900 for target of 1920, 1940 with SL of 1880