In this video I have analyze few important indices. Nifty, BankNifty and Nifty IT.
Also, in the end i have mentioned two swing trading stocks.
Nifty
I find Nifty is bullish. The previous support is still intact.
BankNifty
I find BankNifty bearish, and can see a fall in BankNifty.
One thing to notice is, Nifty and BankNifty are not working is similar way....
Looks good as the trend line support is BO and being retested. Whenever candle is at the support, volumes are being seen.
SL - 750
Tragets are makers on the chart accordingly
Inside Bars if used wisely, can give us astonishing results in Trading.
Let's understand this scenario.
Stock Name - Cigniti Tech
After 20th Feb 2023, on D TF, this counter merely had any move! More or less it had inside Bars with totally squeezed close prices compared to earlier close. if you observe, closing prices are getting squeezed day by day with drying...
Cigniti Tech after good Q2 results with Margin Expansion and better prospects is actually looking good now.
Current Price is 620 Buy on dips upto 580 on any weakness...650 is final resistance and then move towards 800 is likely
BUY #CIGNITITEC STOCK PRICE 615 RS 27% ROI EXPECTED
Buy Entry @ 615
Target @ 787
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3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk...
Inverted Head&Shoulder pattern in the making.. Safe traders can enter on breakout and risk traders can enter around 620 with stoploss at 600
Target - 680,720,760
It has given breakout and retested same line. It took various support like 21EMA and trendline support. So up move is possible. It can give 9-10 % in short swing
