i was banned for violating house rule so i am republishing again without any alteration Bought @ 11428.34 Target @ 11709.64 StopLoss @ 11335
BANKBAROD (w):- cup and handle formation above 52₹ breakout tgt 60,68₹ sl 45₹ clbs bb contract plus vol breakout & rsi weekly rise 44.84 #Disclaimer:-I just shared view for only educational purpose.
RSI is severe overbought zone, Though RSI is lagging indicator but today's profit booking on higher levels show that sellers has approached. Sell below 9750 SL- 9900 Target - 9650, 9450
Let's see this support of the channel. Below Ref. is also important.
No need to write... But be careful because of GAP. Gap is the sign of positivness.
This is my setup for Tuesday's session for Nifty. Concentrate on the blue box inside the large box and nowhere else. As we can see, I have marked PDH, PSH & PDL. PDH = previous day high. PSH = Previous swing high. PDF = previous day low. Small blue box: Selling zone. Since nifty has given a close above CPR on Thursday and Friday. The Tuesday setup is as...
The price following "co ntro l price" and in the starting nifty fall will give power by control price 11655 nearby as support. Let it be open the Market and You will get REAL-TIME alert if you hit LIKE button . A 38% Fib. Retracement existed 11665. News and Points to cover for today: SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve. Gold...
ASCENDING TRIANGLE BREAKOUT IN NIFTY INDEX PLEASE NOTE HOURLY CHART BREAKOUT RELIABLITY IS LESS AS TIME FRAME ANALYSIS HENCEFORTH TRADE WITH CAUTION PREFER OPTION TRADE TO LIMIT LOSS AND MANAGE THE VOLATILITY. TRADE BUY 10800 CE @60 (NOV) STOP@40 TARGET@120 LOT SIZE:75 QTY:6 NOTE:A TEST OF 200-DMA IS POSSIBLE IF BREAKS THEN HOLD ON FOR 10930 LEVELS MACD ABOUT TO...
Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.
Nifty ABC Wave done, "D" level may be at 10500 on this august. Weekly chart. So be cautious. Any major fundamental change (Negative) will be not good for this move.
Always Chart Speaks a lot.. Sensex formed nice double top with -ve divergence on RSI & started its downmove.. It has already broken imp supp lvl arnd 31500, similar to nifty lvl of 9700 supp.. Now will sensex reverse & mark as false breakdown or nifty will follow sensex to break 9700 & head to 9500 lvls (Sensex 30750-800).. Interesting moves ahead... my bet is...
Will buy-on-dips strategy work this time? This is the best setups for bulls - buying on dips and a jhat-pat trade. The resistance turns support at 8,970 (pink line) will be crucial for bears to break. The recent rally in the range of 9,000-9,200 seems to be disheartened for bulls. The rangebound session with index being firm above 9K express positive yearly...
BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
Nifty may form a triangle on 120 mins chart. RSI as well as price are near supports suggesting a bounce. If it forms a triangle, risk-reward is very attractive here! As long as above 8050, view remains bullish targeting 8200+
Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2). The depth of the wave cannot be determined in current state & its shape but...