INFYINFY Break Ascending triangle pattern and hold this level so if break level of 751 then you can add in you Buy Watchlist.
Ascending Channel
NIFTY TREND SETUP FOR THE WEEK NIFTY TREND SETUP
-from past few weeks i am explaining nifty is in a "bullish bias"
-to understand please go through my nifty and banknifty posted charts
-you will get an idea how we were able to maintain our bullish view
-coming to the new post of nifty let see what is cooking up
-our rising wedge pattern is confirmed (read previous post)
-nifty is making a move to test "61.8% retracement level"
-and also its 200-ema both now placed in the zone of 10420-10520
-!!yes!! again i am "bullish" this week
-the reason is quite simple i don't know whether someone has noticed!!
-that after the gap down on 11th march it is the first time!!
-that nifty has mananged to "close above 10175"
-!!yes!! nifty everytime gaped up and was sold into
-this rally is different after 3 months nifty actually managed to close above the level of 10175
(please watch the "yellow" line closely on the daily chart)
-this is a major reason i believe that market can test 10350-10520 beyond that we will need to dig deeper
NIFTY TRADE SCENARIO
-any dip towards 10160-10180 is a buying opportunity
-intial target should be 10275-10320
-if breaks then we can re-enter aggressively
previous post on nifty index
NIFTY BULLISH CHANNEL TO BE TESTED TODAYNIFTY INDEX TREND SETUP
-there is a bullish channel on a 30-min chart on nifty index
-which might be breached in the opening
-important thing is nifty is having support at 9720-9750
-that is the area from where we have seen strong bounce back
-it remains to be seen if nifty bounces back from this levels or not
-we have expiry today break i doubt that we might break below 9750 on closing basis
NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-market might again range between 9720-9950
-wait for a range break
NIFTY RESISTANCE FOR THE DAY
9880-9925-9960-9999
NIFTY SUPPORT FOR THE DAY
9750-9720-9680-9550
Titan trading in a proper bullish channelTitan trading in a proper bullish channel, its facing strong resistance at the psychological level of 900. once it breaks it we will see a huge upwards movement in price.
RELIANCE broke Channel support on WeeklyIt has broken weekly support in a ascending channel. but has a immediate support 10% below the current price. i.e 1350-1390 levels, good to buy at these levels for long term.
LONG POSITION ON INFOSYS[ b]This analysis is only for educational purposes, Invest at your own risk!
INFY closed at 652.30 on Friday with relatively low volume near its Support line
An uptrend can be seen in the ON BALANCE VOLUME INDICATOR
Using the pitchfork an uptrend can be spotted in the price too
A long position can prove to be profitable by buying in at 652-653 Range and targeting around 670-685 range
The percentage profit should be based upon the risk taking capabilities of an Individual
ALL THE BEST TO EVERYONE !
Cheers!
Nifty - Opening Long in Counter Trend. Nifty Long at 9100 | Stop-loss 9000 | Target 9600
Risk Reward 1:5
Nifty moving up slowly and on the daily chart, it's making series higher highs and lower lows.
The Primary and Intermediate trend is still down.
Trading this counter-trend rally with very tight stop-loss.
TITAN Ascending Channel & Price at Resitance TITAN has a key resistance level at 1038, if it close above this level and sustains, it can rally upto 1120 levels and touch the resistance of the channel.if it comes below 1000 level then it can go down upto 940-950 levels.
NIFTY'S NEXT MOVES Hi dear friends, I am posting my own view on nifty/s next moves. Nifty formed a bearish wolfie wave chart pattern in the monthly chart. So It is expected that nifty may touch 7000 levels in the coming days. As wolfie wave is a powerful chart pattern and its reliability is more. So please watch the moves of nifty.
This is only for educational and learning purpose only. I am not giving any recommendation. Please do your own analysis in buying or selling. Please watch only the moves of nifty. Thank you dear friends.
Buy GBPAUD : At the bottom of the channelGBPAUD has formed a rising channel pattern on a daily basis with the current prices trading at the bottom of the channel, creating a buying opportunity. The expected target for the trade is at 1.8200 which is the mean of the channel and the SL for the trade is at 1.78232.
UPL - 60Min - More 10% downside ?UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter short only after the close of any rejection candle. ( pinbar, engulfing)
Stoploss - 570
Target 1 - 520
Target 2 - 500
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
ONGC - Long on Ascending Channel BreakoutIf Ascending Channel breakout happens with appropriate volume, a long position can be made.
Entry - 176.70
Target - 187
SL - 171.70
GOLD Technical analysisThe bullion metal is in a rising ascending channel formation against the US dollar, in the short-term charts.
As of now, it is at its supportive trendline, which we expect to hold.
Hence traders can hop in and expect a rally up to the resistive trendline.
GOLD Technical analysisThe bullion metal is an ascending channel formation in the 4-hour chart.
It faced rejection at the resistive trendline and formed three back to back bearish candles.
Hence we expect the counter to remain bearish and the pair to recede to the supportive trendline.
INDIGO REFUSING TO GO DOWNINDIGO following upper channel, making HH & HL.
Bears refusing to go down, bulls are ready to take charge.
KEEP IN WATCHLIST !!!
EUR/USD Technical analysisThe EUR/USD pair after a good move is now consolidating in an ascending triangle pattern.
Hence we expect the pair to continue its bullish momentum.
Fresh long positions can be initiated when the pair makes a bullish crossover above the resistance.
AUD/NZD Technical analysisThe AUD/NZD pair is currently in an ascending channel formation.
It is currently taking support at its supportive trend line.
Hence we expect the pair to bounce back strongly from this zone. Conservative traders can go long once it breaches the resistance line.
ASCENDING CHANNEL ON HOURLY CHART IN PSU BANK INDEXTHIS HOURLY CHART PANEL SHOWS CRUCIAL POINTS
THIS MEANS THAT THE INDEX HAS ACTUALLY TRADING IN A
RANGE WHICH IS VISIBLE IN STOCKS LIKE:-
SBIN,CANBK,BOB,BOI
IF YOU WATCH INDIVIDUAL CHARTS MKT MOVES FROM BOTTOM TO TOP AND SO FOURTH BUT CREATING GRADUALLY(HIGHER HIGH AND HIGHER LOWS)
TRENDLINE BREAK WILL TEST 3190-50
UPSIDE THERE IS CHANCE OF TEST 3350
BUY CANBK @278.5
STOP@273.85
TARGET@288
LOT:2000
QTY:1
BUY SBI @306
STOP@304.15
TARGET@311.5
LOT:3000
QTY:1
INTRA-DAY TRADE IN SBI SEPT FUTINTRA-DAY TRADE IN SBI
HOURLY CHART CHANNEL
SEPTEMBER FUTURES
BUY@311
STOP@307.75
TARGET@314
LOT:3000
QTY:1
