28-11 Daily chart of Tata Steel1! LTP: 105.30 Candles are trading below 200 EMA and the manual trend doesn't look strong. The candles respected resistance at 109.25 & 106.85 (manual) and 106.95 (200 EMA) RSI has a bearish crossover and couldn't succeed in an attempt to breach. I have bought 105 pe for trading.
28-11 Daily chart of Hindalco1! LTP: 433.10 The candles have respected the resisting trendline (manual) The candles have respected the resistance at 442.30 (manual) If the weakness carries, the candles might break the support at 426.10 (200 EMA) and head towards the support at 358 (manual) I bought 430 pe
29-11 Daily chart of VEDL1! LTP: 301.80 Pattern (manual) looks like a bullish ascending triangle with neckline at 321.45. Resistance at 321.45 (manual) Support at 295.75 (200 EMA) and 280.45 (manual S&R) I think it is a good buy as the trend (manual and 200 EMA) is bullish.
27-11 Daily chart of ExideInd1! Manual trend and 200 EMA are bullish so the strategy stands at buy on dips. Expect a strong breakout if the resisting trendline is breached because the resistance at 186.40 was broken and the bullish candle is a strong one. Multiple supports at 176.80 & 166.05 (manual) and 162.25 (200 EMA). Wait for a dip or wait for a breakout to trade.
27-11 Daily chart of SUNTV1! A clear breakdown of the manual bullish trend and 200 EMA. Candles close to the support at 486.00 followed by a support at 475. RSI shows signs of a bullish reversal. Can buy when candles breach 200 EMA with strength or can go short if the support at 475 is broken with strength.
27-11 Daily chart of Escorts1! Looks like a clear breakout Manual trend and 200 EMA are bullish RSI is getting into the overbought range but looks strong We have multiple supports at 223.80, 2090.50 and so on. The chart looks strong and one should wait for a dip and buy for positional trading.
27-11 Daily chart of COALINDIA1! Manual trend and 200 EMA are bullish Candles seem to be taking support on the manual trendline support at 209.50 (manual) and 207.20 (200 EMA) resistance at 239.80 and 263.90. Can expect that the highs of 263+ will be tested if the resistance at 240 is breached.
Nifty futures respected the resistance at 18450 18000 will act as a major support 9 and 21 EMA have come together in a bearish reversal, but it's not completed yet though, but it is just one bearish candle away from completion. RSI has closed below 50 which is again a bearish signal. For me 17700 is easily doable and 17500 looks doable though chances are...
ICICI Bank 15 min chart 1. RSI getting in the overbought zone 2. LTP: 916.10 3. Resistance zone: 917 & 918.50 4. Support zone: 909 to 910.25 Sell on rise 1. RSI will correct itself from the overbought zone 2. Prices close to the resistance zone
IGL 15 min chart 1. RSI: Bearish reversal 2. LTP: 436.10 3. Resistance: 441.25 4. Support zone: 431.25 to 432.25 Sell on rise 1. Bearish RSI indicates weakness 2. Resistance respected followed by a strong bearish candle
Bal Krishna Ind 15 min chart 1. Bearish divergence in RSI 2. LTP: 1967.15 3. Resistance zone: 1974 to 1983 4. Support zone: 1918 to 1925 Sell on rise 1. I think that the support zone might be compromised 2. Risk to reward ratio is very good
The daily chart of Marico does indicate a bearish breakdown, but it would be wise to wait for a confirmation candle. The candles have breached the manual bullish trend and has broken the support of 200 EMA but as mentioned above, it is advisable to wait for the confirmation candle. My strategy would be to sell on rise but again, there is no proper stop loss...
Daily chart of Bank Nifty Futures The Manual trend is bullish, and the candles are trading above 200 EMA which is bullish as well, but the resistance has been respected twice which makes the resistance strong one. The pattern somewhat looks like a bearish double top as of now, but nothing is confirmed yet. I cannot find any proper support above 37800 which means...
This is the daily chart of Nifty Futures, and it is confusing. There are a lot of mixed signals. Let me explain: 1. The pattern looks like a breakout of the bullish ascending triangle Bull - 1 | Bear - 0 2. Bearish divergence quite clear Bull - 1 | Bear - 1 3. The trend is bullish (refer to the trendline) Bull - 2 | Bear - 1 4. EMA is aligned properly (100 over...
Tata Steel indicates a breakout There is a bullish crossover in EMA as well.
Nifty Futures Trend in the hourly chart is bullish so the strategy is 'buy on dips'. We can buy at around 17500 to 17550 with SL of 17400 for targets of 17750+
I bought Castrol India Candles above 100 & 200 EMA RSI bullish Manual trend is bullish as well SL 95 T1 115+ and T2 open I think we may witness a strong up move in 3 to 6 months
I bought SCI Manual trend is bullish Candle above 100 & 200 EMA Bullish crossover in RSI SL can be below 110 Targets above 145