My trading idea is mentioned on chart. This educational purpose only.
Hi Corrected Colgate 4 Hours chart
1) Bajaj Finance has managed to wriggle out from the lows made in October. In my previous post I assumed that the higher lows may cause structural transformation in the stock and it may rally towards 2580. I also mentioned that closing above 2600 can take it back to 2650, 2760 and 2870. The stock has rallied 9% since 18th November post. Read for details in the...
described in chart.
On Monday Nifty moved below 200 DMA. Bears are eying 50 DMA (10578) which may provide some support. OI Table: Till 02.00 PM on Monday bulls tried to protect the level of 10700 but then bears took charge and broke down this level. In fact bears were covering shorts. Highest OI position remains 11000 Call -- total 5,799,30 (-76,125) shares as the steep resistance...
Crushing impact of Negative Divergence on MACD on weekly chart. Price of S&P500 has come down to the crucial level of 200 Week SMA for support. Twice previously 200 Week SMA helped this Index to rise up. Will the same happen now? If this level does not provide support, logical next level is around 2085-- 1.618 retracement. Either way, this will influence all the...
described in chart.
described in chart. For short trade, one can put SL at 871
End of the month and year is closing up. I posted this monthly chart 2 months ago. This long-term chart shows that Nifty is in a grand bullish trend making HH and LL. It is clear that there are corrections and each of the corrections, interspersed with corrective rallies, lasted for an average period of one year and the present correction is just four months old....
described in chart. T1 34.15 T2 32.75 T3 32.35
described in chart. Short below 81.4 with SL 84.65 T1 80.8 T2 79.2 T3 77.35
described in chart. One can keep SL as 677 as per risk management.
It is important to look at this chart. Price consolidated for three months and then breaks down the support zone. Price seeking for support at the previous low. So if this level holds, fine-- some retracement may come by, else more downside may be seen.