Supply Zone
DCX systems showing early signs of retracement.Today's stock for analysis is DCXINDIA.
This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart.
However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible.
175-178 is a strong supply zone above which the stock can move quickly towards 193-195 levels which is its 38.2% retracement of downtrend.
Study the chart and kindly trade as per your own analysis.
Bank Nifty - 23 May 2023I expect a Gap Up opening in NSE:BANKNIFTY
Nifty might fall till the Zone Marked to retest and the bounce back up to the targets.
Target 1 - 44060
BankNifty is quite interesting today as
NSE:CNXFINANCE Expiry ...!!!
it takes Perfect Support/Resistance on Trend Lines.
it forms a Triangle Pattern .
Retested a 'W' pattern.
My levels and views chnage depending on market opening...!!!
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty - 23 May 2023I expect a Gap Up opening in NSE:NIFTY
Nifty might fall till the Zone Marked to retest and the bounce back up to the targets.
Target 1 - 18360
Target 2 - 18400
All sellers are taken out according to chart, so to bring in Sellers, NSE:NIFTY might form series of Lower Highs and trap them.
Don't forget today is NSE:CNXFINANCE Expiry...!!!
My levels and views chnage depending on market opening...!!!
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Morning Mantra 29th March, 2023Dear All,
Yesterday was the day of consolidation , where nifty had traded in a choppy zone .
Still 16800 is a hope for the Bulls as a support and most of the Bulls are eagerly waiting for a breakout of 17180 on closing basis.
As of now be cautious and keep following cherry picking strategy.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
TCS Swing TradeTCS is near crucial support zone on daily chart. We can take swing trade here.
Entry:
We can go long after close of strong bullish candle near support zone.
Target:
We can keep the target near the next resistance zone as marked on chart.
Stoploss:
We can keep stoploss below the support zone.
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BANKNIFTY MONDAY PREDICTION...#BANKNIFTY ANALYSIS. Market was close on support level zone may be for pull back on monday let's see. If the market break 41300 zone then we can go for CE(CALL) First target = 41361,41464,41583. If the market break 41200 zone then we can go for PE(PUT) First target = 41163,41117,40944.






















