To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)
Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..
Technical Bullish: EMA 5/20 Cross over and EMA 50 lying below the price. Stochatic on bullish upside. MACD bullish crossover and above the '0'. RSI above 50. Trade: (Spot Price) Buy above - 8230 Target 1 - 8245 Target 2 - 8270 (Safe Traders cover 100% & Risk traders cover 75% at this level) Target 3 - 8290 (Risk Traders only)...
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
Cup formation on Nifty 1hr chart. Trade (on spot) Buy above - 8255 (spot) Target 1 - 8285 (spot) Target 2 - 8317 (spot) Target 3 - 8347 (spot) Stop Loss - 8210 (spot) Reward Points - 92 Risk Points - 45 Note: Price quoted here is spot not future so please trade accordingly..
Cup formation on Sunpharma at 1hr chart. Trade: Buy above - 677 Target - 685 Stop Loss - 672 Reward Points - 8 Risk Points - 5
The Bullish Harmonic pattern completes at ~170-171 levels where one can look for long opportunity. *The view negates on a break below 166.
* Bullish Harmonic > Longs around 430-436 zone > View negates on a close below 410
Crude OIl Weakly Chart Show Head And Shoulder Pattern Trade Only Close Above Neckline Storg Up Move Crude Oil My side Target $61... $66... $73.. HAPPY TO HELP
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...
Nav downtrend has ended . navcoin.org navcoin.org navcoin.org
Nifty highly oversold. a nominal bounce will get us in green
* Channel Support * Bullish Harmonic * Oversold RSI *View negates on a close below 600
First of all, taking lessons from history, some similar sort of pattern/retracement took place. Here, I have tried to match the fibonacci pattern that was evolved in 2008 with present pattern. In 2008, reversal was shown right at 0.6%. So, in present pattern 0.6% shows 8186. This 0.6% retracement level is very much important for future course of action. This level...
We might see rally towards ~3400 post breakout.
TV18 Price movement is bullish with periodic correction giving opportunity for fresh entry. as we see the price is moving in channel pattern with confirmed support & Resistance