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BAJFINANCE looking weak on 2H chart Stay neutral for swing. NSE:BAJFINANCE On 2H chart BAJFINANCE started to becoming weaker. Stock facing good resistance between the range of 3320-3420 while 3125 will be immediate Support for stock. On 2H chart if stock manage to breakout 3420 with good volume and candle closing near high it will open for fly for target of 4040. But if the stock breaksdown 3125 it will then likely to show 2835 and even 2655. For breackdown too we need to see strong confirmation with volume. Though the stock is weak I will not make any decision to short for swing trade right a way until and unless I see any strong confirmation for same. I will prefer to stay neutral in this counter and keep this on watch
NSE:BAJFINANCE
by PriceVolumeRider
Lupin on weekly chart looking weak.NSE:LUPIN Lets Read The Chart And Observe It If you see the tail candle of 9th March 2020 week you can clearly see prices was rejected from the low of 504 and close at 605 volume was also good (Above Average). Next candle of 16th march 2020 is also bullish candle with higher volume than previous candle. The 23th march 2020 candle was strong bearish candle form in supply area of 9th March candle. Now come to the candle of 30th march nice strong bullish candle every retailer or price action trader who don't respect volume will now start thinking bull run has started, and start buying at any price they are getting. But look at volume its a above average volume but lover than previous volume. In the same week of 30th March 2020 we all started to see or hear from every source that Pharma Stock are going to boom on bias of COVID19, India will be supplying medicines to U.S and other major countries. And retailers started getting in and start buying. Prices were getting higher till the week of 13th April 2020. Volume is still higher (Slightly Lower Than Previous Candle Volume) enough but range of the candle is now get narrow than all previous candles we observe till now. There also a good wick to this candle which clearly start indicating someone is start capping the prices or supply getting over the demand. Clearly at this point stock is weak. Now let we see what happens in next two candles. Candle of 20th April 2020 week one can immediately say its a bullish candle as it's closes higher with the highest volume we have seen and also a tail which indicate strong bullish sentiments. But can anyone think why the range is gets narrowed than previous bullish candles. Again clear indication of supply is happening in background. And we are now also in a territory of consolidation happened previously. Now lets see what happened in last week (27th April 2020). Candle with tail gap up open at 899.95 make high of 906 find strong resistance at 901.75 made low of 811.55 closes near the low 835.30 volume above average not abnormal clear indication Bear Taken Over The Bull Move. Note: 817.3 Is Support Level So We Can See Some Consolidation Between 817-901 Before Downtrend Started In Lupin.
NSE:LUPINShort
by PriceVolumeRider
BAJAJ FINANCE | Buy Opportunity Friends, please support this idea with LIKE if you find it useful. I'm seeing a buy opportunity here. Use the pullback to get in. Reasons: - Price is trading near a demand zone . - Weak resistance to the upside. Note: Place the stop loss just below buy zone. If the price manages to breach the support level, there is a chance price may drop further to 2120 at least. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:BAJFINANCELong
by Fx_Stormtrader
1
Long HDFC ::: INTRADAY TRADE SIGNALThis is a intraday trade. May give a breakout in the first half itself. Looks bullish even on weekly time frame. Current Market Price is at 1703.10 Buy above 1713 Stop loss 1696 Stochastics is confirming bullish trend on day time frame. Counter may complete its targets on Monday 13 APRIL 2020 itself. Intraday resistance at 1738. Positional may touch 1759. Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
HLong
by ajithchand-bhandaari
State Bank of India | Good to Short Friends, please support this idea with LIKE if you find it useful. I'm seeing a sell opportunity here. Use the pullback to get in. Reasons: - Price is trading near a supply zone. - Nifty is weak. - Weak supports. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:SBINShort
by Fx_Stormtrader
1
RELIANCE INDUSTRIES | BUY OPPORTUNITY |NSE IndiaFriends, please support this idea with LIKE if you find it useful. I'm seeing a buy opportunity here. Use the pullback to get in. Reason: - Price hit a support - sellers were struggling to push the price down. - Weak resistance to the upside. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:RELIANCELong
by Fx_Stormtrader
1