It seems wave (A or 1) is completed at 10565 and retracement levels for wave (B or 2) are given in chart. which can be used as buying zone with stop loss of 10333 which is of almost 100 points so plan your trade by analyzing wave pattern on live chart tomorrow. Good luck.
SUN PHARMA will possibly "Boom To The Moon" As Soon As Possible. . waiting eagerly NSE:SUNPHARMA Everything is depicted !!!
Here in this chart wave (5) and wave (v) will be in extended zone after breaking 10486 and 10408 respectively. Maximum range of both waves is coming at 10351-10325. so after completion of both wave Nifty can bounce up to 10543 and further it can also extend to 10700.
Fibonaci points to 2820 as next stop..!
Reliance has fallen to its support of around 1140 and should see recovery to 1150 . ... The trade is to buy 1160 call for today at 27 and sell at 30-32 range.
Previous Support May Act As Resistance. Other Details Mentioned In Chart. Risk Reward Looks Favourable For December Series. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
Small cap take support at Fibonacci level and forms Doji.. Can Small Cap bounce back from this level? Previous time (2008 year) when small cap made correction it took 15 bars. this time also will it take same?
The reliance is setup near 50% retrenchment level and broke it today but selling pressure came. It closed just lower than 50% retrenchment level. The bust option at this stage is to avoid trade till it crosses 1173 and than buy 1200 call i.e. valued at 23. The first target will be 1180, second 1192, third 1210. Stop loss should be kept strictly at 1162. Remember...
Tomorrow's is expiry, take two reliance 1160 CE currently traded around 4 and hold it the day end, its a risk of 4000 but can reward you with reliance ended at around 1180-1200 levels, where 61.8% entrancement level from its low of 1018. One should watch 50% retracement level of 1168, where one call should be exited and second one held till 1180. Above 1180 its...
Since, it has tested its support at 1100 and have zoom passed 1120 levels, next resistance is @ 1132 and crossed that it can move quickly to 1150 level. The level of 1150 is expected by Thursday expiry. My trading strategy - Buy two calls of 1140 priced currently around 4.20 with lot size of 500 each. Total investment 4200 with expiry date of Nov 29, 2018. Expiry...
Should take support at the formation and then go long
Falling channel, divergence, but not supported by price action
Trend line support, Bullish divergence, @ support,
Assuming Bank Nifty is in the Expanded Flat 3-3-5, Where c = 1.618 Of Wave a Which is always end beyond the start of wave a, I said always because corrections are rarely fail or truncate...