Bottom
Market Bottom 404?In 2008 crash BSE Sensex dipped approximately 63%. If it happens again going by the ever increasing corona virus numbers, we might end up near 15500. Just a thought.
Fib. Retracement and Channel, detected bottom of NIFTY
The 200 MA at 11130.
A "Consequence zone " of all 3 fib. retracement at 11502 nearby.
From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).
Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.
Point 2) Now, loot at the Fib. Retracement (iii) closely from start point to 32.8% " the first leg " and pull back was toward the exact 61.8%.
Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.
BUY ENTRY SWING TRADES (LEVELS IN CHART)PRICE AT SUPPORT BEST ZONE FOR ENTRY OR ENTER AFTER BULL BACK...SAFE ENTRY NSE:LUPIN
Maruti Double Bottom + Bullish Divergence2 Reasons Stock can go up is Double Bottom and Bullish Divergence. Buy at your own risk.
We Saw some Buying Power today Which may Continue a little bit. Have small targets in mind.
BTST IN JINDAL STEEL & PWR DEC FUTBTST IN JINDAL STEEL & PWR
DEC FUTURES
BUY@160
STOP@154.5
TARGET@170-174
LOT:2250
QTY:1
MOILRounded Bottom Pattern formed in a downtrend.
Waiting for the charts to close above 200.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
The Hi-Tech GearsBullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
SWING TRADE IN APOLLO TYRES SEPT FUTSWING TRADE IN APOLLO TYRES
SEPTEMBER FUTURES
WE ARE PLANNING TO GO SHORT ON CRUDEOIL
SINCE WHEN IT CROSSED $76.8 PER BBL ON BRENTCRUDE
240-48 WAS A BOTTOM WHEN WE CAME $80 PER BBL
LETS TRY THIS TRADE OUT
BUY@255
STOP@247
TARGET@272-278-285
LOT:3000
QTY:1
Double bottom with divergence combinationPerfect Double bottom formation
1) SL is 382
2) divergence formed with double bottom formation
3) money flow is up..
4) 1st immediate tgt is 440
Broadening Bottom/Divergence Potential Trend Reversal StockIdentifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also try with low investment Options strategy like Bullish Call spread.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Broadening Bottom ReversalThe stock is forming Broadening Bottom pattern nicely so one can take advantage of it. It is showing strength at the third touch so can buy the stock now with small stop loss.
combination of cup and head shoulderswe can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
