Daily Charts
TATA CHEMICAL SHORTTHATA CHAMICAL FORM BEARISH ENGULFING CANDLE PATTERN ON DAILY CHART WHICH IS VERY BEARISH SIGNAL AND HENCE WE RECOMMEND FOR SHORT. LEVELS ARE MENTIONS ON CHARTS
Everything is here for NIFTY, if you want...This commentary will focus on 2hrs chart timeFrame. Almost everything is plotted on the chart which can be easily understandable for traders and investors.
After the breaking, the " minor channe l" downward will give you target 11708 nearby. However, our strategies can and will provde you buy setup at " value low " if tail generated at " value low of the major chan nel ".
Hit LIKE button for real-t ime ALERT whenever I give you Buy Signle.
Note: I will not act for long if there is not a big TAIL at the bottom (7).
NIFTY AnalysisNIFTY closed on the weekly chart with a DOJI indicating indecision in the market along with the classical double top pattern. If the level is not breached, there can be minor correction in the market.
Positional in yesbank march (fut)positional in yesbank
march fut
Two-inside bar break-out was seen on friday
buy@222.5
stop@217.90
tgt@232
qty:1750
lot:1
BankNIfty trading is Consolidation pattern (Wedge), NSE:BANKNIFTY
'A Slience before the Tsunami'
The current move explained through video Analysis. This slow upward movement is an indication of something bigger should be expected from the market.
Quote:
“If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine.”
— Morris L. West
BUTTERFLY LONG SETUPGood long setup can be seen from the chart. Support is 175 on Closing basis. May test 193-205.
RelianceRIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250.
Short RIL below 1310
Target 1: 1280
Target 2: 1250
Stoploss: 1325
R/R: 1:4
Regards
INFOSYS Bullish Trend is underwayDouble Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP.
But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend.
Buy is suggested post correction.
nifty50 is really looks 50-50economic condition and next quarter results are not looking great.
its good level to short at 8230-8370.
SL 8300
Target 7900
SUNPHARMA LOOKS BULLISH ON DAILY CHARTSImpulse moves during downtrend completed on daily charts. Now ready for counter-trend corrective move.
Target 1: 670
Target 2: 725
Stoploss: 601
