#Educational purpose only I think the first hourly candle made yesterday is strong and the low won't be broken. I have explained my analyses in the video and I hope this helps.
#Educational purpose only I've analyzed the chart of Cipla because of the strong bullish candle made today in the daily chart. I think it will be a good buy above 1450 for targets of 1550 or more.
Astral Limited has been in my watchlist since Friday. Right now, the hourly chart indicators signal a dip and the daily chart give me confidence to buy on the dip. I've tried to explain my idea in this video and I hope you find it useful Thanks #Educational purpose only
I was not bearish in Nifty until Friday but the market has not failed to surprise me yet again. Important support (100 SMA) at 22000 was broken with conviction and India VIX is flying through the roof. These both points make me rethink my bullish thoughts I had and now I would either stay away from the market or wait for the right levels and sell on the rise but...
I think that Nifty 50 has made a support zone between 21700 and 21800 and there is a resistance at 22500/22600 but a strong resistance zone between 22750 and 22800. The current trend according to Dow theory is buy with strict SL #Educational purpose only.
10-05 The candle made is a strong bullish candle which is attempted breakout. can buy with open targets #educational purpose only
10-05 The candle made today is a strong white marubozu. Support zone made between 158 and 165. Trend is bullish. Can buy for Short Term targets of 200+ #Educational purpose only
Ashok Leyland looks bullish in the hourly chart. there was a correction in the price but the stock has recovered well. i have bought 210 ce as my target in Ashok Leyland is 205 & 210 #educational purpose only
10-05 There might just be a bullish reversal in the hourly chart of Tata Steel: 1. Candle made in the last hour yesterday looks like a bullish reversal candle so we will keep our SL below the low i.e. below 161.5 2. There is a bullish crossover in the MACD as well. My targets will be around 170. #educational purpose only
The hourly chart (timeframe I use for intraday trades) of Maruti is clearly bearish. Candles are trading below 50 SMA and the manual trend is bearish as well. There is a support at 12500 so I will sell once this is broken for targets of 12200 with SL above 12600. #Educational purpose only
Vedanta is bearish in the hourly (intraday) chart. There was an attempt at trend change but it failed. I have gone short for target of around 390. #Educational purpose only
There is a clear breakout from the downtrend in the hourly chart of JSPL. I am going to take a chance and go long. The SL should be according to the risk taking capacity but I think targets of around 950 / 960 in short term. #Educational purpose only
The hourly chart of National Alum does indicate a change in trend from bearish. The buying started @ 174 after which it breached the resistance @ 178 as well. I am going long with a support at 178 for target of around 190. #Educational purpose only
There was a strong bullish breakout in the Daily chart of SBIN on the 25th April. This resistance now becomes a support at 793 which was respected yesterday. The candle made today isn't very strong but the trend is clearly bullish. My idea would be to buy with SL below 793 and targets of 830 and 850. Educational purpose only
There are 2 points to be noticed in the daily chart of REC Ltd 1. There was a breakout from the downtrend on 26th April 2. The resistance was broken on 2nd May but then we saw a selling pressure in the stock but the candle made today is a decent bullish candle and this could be a breakout as well. Can buy for targets of 570 & 590. Educational purpose only
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
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