Priyansh_Parmar

Priyansh_Parmar

NSE:HDFCBANK HDFC BANK is following PITCHFORK levels well. You can even trade only with its support and resistance or if you are a safe player you can short below 920 for both intraday and positional purpose.

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NSE:PVR PVR being from an losing sector there are possibilities of even more downfall, while PVR has achieved tgt1 of Fibonacci retracement for the bearish bat it formed a couple of months back. if fall continues we may even see levels of 740 which major a major resistance in 2015.

Priyansh_Parmar

NSE:PEL Piramal is in a downward spiral consistently for a long time. Piramal being an INFRA is safe to short both for intraday and positional basis. on hourly charts though there is a breakout of resistance trendline but soon after the breakout there are 2 bearish doji which suggests false breakout.

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NSE:CHOLAHLDNG

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NSE:DLF

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NSE:IBULHSGFIN short levels and resistances.

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NSE:INDUSINDBK will declare its Q4 results on 27/04/2020 which is most likely to be negative, so these are all the important support resistance zones to watch out for action on 27/04/2020. since the important support trendline is broken probability of short trade is higher. the chart is quite gibberish so I would recommend to note down all the levels and...

Priyansh_Parmar

NSE:M_M Short until 320 and 300.

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NSE:SBIN had formed a bearish bat and its 1.618 target of 170 is also achieved. target 2 according to Fibonacci is damn too low at 50 which is not possible in the worst of all scenario. we have a multiyear strong support level at 145, which will be difficult to break.

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Eicher Motors following the Pitch Fork Tool. Short positions can be taken cautiously.

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view this chart in 1 min more clarity will be gained.

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please check chart for a 1:3 trade. Entry levels, stop loss and targets are given .

Priyansh_Parmar

NSE:ASIANPAINT A Good LONG TERM pick. I know the support trendline is nowhere perfect but according to my second opinion as it is piercing through the candles it is well acting as a good support as well as resistance trend line in itself.

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bank nifty closed @20268 on 23-04-20 on a good positive note. the price action was good but on hourly charts in the last hour flattening of uptrend was seen and last candle was a sort of a bearish engulfing. this must caution us for 24-04-2020. this time I have done an experimental analysis. since the past 1 month bank nifty is in the range of 16000-21000. so...

Priyansh_Parmar

Currently even after repeated policies by RBI, they have failed miserably in saving rupee for falling. rupee @78 is evident in coming weeks, but in short term in daily charts the uptrend trendline is broken a little more push beyond 76.365 INR can be pushed towards 76.000. More ever even on weekly charts price action has slowed down and a bearish pin bar is...

Priyansh_Parmar

bank nifty is in a minor uptrend. we can make a long above 19800 for a target of 20,000 which is acting as good support resistance area for past 1 month as well as it is also 0.236% retracement according to Fibonacci retracement levels. 19800 will be a good long as well as short level as from this level a minor cup is formed in 1 hour chart. as well as there is...

Priyansh_Parmar

Reliance has zoomed to much on 22-04-2020. I am expecting profit booking on 23-04-2020 . More ever on hourly charts there are 2 bullish rejection candles. expecting reliance to take support at 1350 if it breaks short positions can be taken up for intraday basis with strict stop loss and targets owing to wild swings in market.