Here is my second Idea for today.
This is my first attempt to publish the live market idea into the Public. Consider watching the video
AXIS Hikkake Buy at Bullish Crab PRZ
Nothing work smoothly as Tl .... Every breakout works and after each breakout if Retracement happens.
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
Bank Nifty may be attempting a breakout from a downward sloping trendline. A good low cost option to play this can be by executing a call butterfly for 25 July expiry: Buy +1 Call 31000 Strike Sell -2 Call 31500 Strike Buy +1 Call 31600 Strike Net cost 65-70 points (lot size 20) Max profit potential on the upside 430-435 points. Profit above 31600: 330-335...
Bullish divergence found in LT on the daily chart. Confirmation is above 1545 with 1495 sl. Next run will be huge on breakout
Acc is on decision point 1525 is a strongest support so keep an eye on it
Beml has following a particular behavior from a long time. Stock is always pull back from their day support. Long Idea is based on it
Check out the new potential uptrend channel on Ashok Leyland
1360 is an Important level for Monday. We can see a good correction if it's breakdown it.
Nifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
Another idea for Titan company