Exponential Moving Average (EMA)
Tata Steel: Another breakout attempt. How far it can carry? TATA STEEL: The stock made an breakout attempt on 4th November but didn’t quite make it. The prices retraced into the cloud only to take support at the Span B plus TS line. The RSI is well into the bullish range and MACD is forming a bullish hook pattern. At 440 a strong resistance is placed. An attempt to test 440 levels can be made by the stock. Activity at those levels should be monitored and as further course will be decided at the price action formed at that point.
SHORT-TERM TRADE IN BANKNIFTY F&0SHORT-TERM TRADE IN BANKNIFTY
VIEW:-
INDEX IS HOLDING ITS 21-BAR EMA ON HOURLY CHART
THIS SHOWS STRENGTH IN UP-TREND
TRADE IN BANKNIFTY 28TH FUTURE CONTRACT
LEVELS ARE ACCORDING TO SPOTS PLEASE ADJUST FOR FUTURES
BUY @30300
STOP @30200
TARGET 1@30450
TARGET 2@30550
TRADE IN OPTIONS
30500 14TH NOV CONTRACT CALL OPTION
BUY @330
STOP @260
TARGET 1@500
TARGET 2@600
LOT:20
QTY:15
Nifty weekly charts have something to say.Giving a look at the Nifty weekly chart. The index is moving into gap zone plus RSI is near 60 levels. Though the daily charts don’t display any caution yet, but 60 levels on weekly’s are pressure points. The week is still on, so the analysis will make sense only after the weekly close by Friday. But the exuberance is building up, emotion outburst are generally not good. Waiting for lower time-frames to show some signs.
GAP TO TRADE ?200 EMA HOURLY RESISTANCE.
IF NIFTY ENTERS THE GAP IT WILL FILL THE GAP WITH RESISTANCE AT 11020.
IT WILL A SIMPLE TRADE.
VIEW ON NIFTY MIGHT BE LONG IF HEALTHY BREAKOUT GIVEN OF 200 EMA.
A GAP TO TRADE. Nifty's budget action NIFTY has closing in gap which was made during pre budget rally. We have the opportunity to trade the GAP setting 11400 has first tgt and support of 200 EMA has 2 tgt. Make your positions according to your target.
Happy trading
SIMPLE STRATEGY FOR CONFIRM PROFITUse this strategy strictly in weekly time frame and take your position only when you get confirmation of sell signal. You can short 1500-1540 strike price calls also time is on our side as well.
Thank you MALKAN SIR for this strategy
ICICIBanK buy on levels 21 EMA as supportICICIBank took 21 day EMA as support and
bounced back. Bullish signal as on horizontal
level it took previous resistance now support.
Buy on level
Voltas - Bounce on 15 EMA and Ichimoku positivePrice action - Bounce on 15 EMA and if tomorrows candle is also green and above the 15 EMA then enter for short term target of 628
Ichimoku positive and future kumo is green.
Note : This is for educational purpose only.
