SBIN: 8.6% Weight Second highest, Next to ITC, in NEWLY Launched Bharat-22 ETF .
Witnessing Range Bound Trading.
One Can Short above @ 309.6 to @ 311.50
For Target of @ 300-
Weak Below @ 299
More levels plotted on Chart.
SL: @ 317.60+ (By Closing) or +1% for TSL(Trailing Stop Loss).
Strategy for OPTION Trading:
LONG 305PE @ 8.65 (LTP) + SHORT 300PE @ 6.55...
In Hourly Chart:
4th Last Candle is Bull CANDLE.
3rd Last Candle is Long Legged Upper DOJI.
2nd Last Candle is Long Body Bear Candle.
Thus Pattern forms "EVENING DOJI STAR"
But in Last candle is " Long Legged Lower DOJI "
& Previous Formed Pattern NULL & VOID.
Conclusion:
If Tomorrow 1st hourly candle is to be a Bull Candle, Having Body Less than 2nd Last...
AXISBANK: Weight: 7.7%, 4th highest in NEWLY Launched Bharat-22 ETF .
Taking Support from Crucial Level (in between FIB R 0.618 & 0.786)
One Can LONG @ 504.6 to @ 511
For Swing / Positional Target of @ 547+
Weak Below @ 491 (Two Consecutive Closing)
More TARGET Levels plotted on Chart.
SL: @ 491.65+ (By Closing) or 484- for Trailing Stop.
Strategy for...
All Inraday spot levels are plotted on Chart,
& Fut levels in High lighten Box.
Trend: +VE to Flat, BIAS: Mixed
Selling pressure at 24950 - 24973 level (in Spot).
BANKNIFTY FUT. Levels At a Glance for Trade Date 07th Aug 2017.
Go LONG / Short as per Level given Below.
PHASE - I: NORMAL
RES: 25002 (M), 25029 (S), 25073 - 250105 (HZ #1), 25188
SUP: 24914 (M),...
NIFTY FUTURE: "Perfect Bullish Engulfing"
Though in Case of NIFTY Spot it is 15 point in Upper side (i.e Close is 16 point Lower than Open of 03/08/2017)
Little Bit Confusion.
One of the reason, Announcement of Stake Sell from GOI (through "ETF" root) Boosts sentiment.
What's NEXT for 07th Aug 2017 ?
Trend: UP with some sluggishness in Up-level.
Strong...
All mentioned on Chart.
Go Long: In Between @ 544 to @ 553
Target / SL/ Best BUY (more BUY) on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share , If useful & enriched your knowledge.
With warm regards.
DSKF16.
Psychological Analysis:
"GOI today announced the creation of Bharat-22 ETF,
a move that will speed up Center's disinvestment drive.
Several time disinvestment of ONGC delayed due to less floor price.
So approach disinvestment through ETF is better route to get proper value.
ONGC: One of the Maharatna Company, recently Acquire entire holding of HINDPETRO (HPCL)...
Psychological Analysis:
"GOI today announced the creation of Bharat-22 ETF,
a move that will speed up Centre's disinvestment drive
and bring it closer to the ambitious target of Rs 72,500 cr for 2017-18."
Why Choose ITC as 1st company to analyze?
ITC: ONLY Company Having Double Digit (15.2%)Weight
in NEWLY Launched Bharat-22 ETF.
PRICE ACTION LEADER
LONG: @...
If Cosmo films closes above 414, go long with a target of 430 in 5 trading days.
Cosmo films is trading near the green box and any reversal from the green box may take the stock higher.
If it doesnt hold, it may fall to 395 levels from which fresh new positions may be created.
analysis based on Fibs
You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149.
The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again &...
Trade Summery of 03rd AUG 2017.
OPEN = HIGH = 10081.15, ( Mentioned Strong level at 10080 )
Made LOW @ 9998.25, Mentioned PCL: @ 9990.
Also Notice day candle. mentioned "#1 Either another Bear candle with 40 - 50 + point body"
also mentioned "ONE THING IMPORTANT, NIFTY NORMAL CLOSING WAS at 10058.2 not 10081.50 (i.e Settlement)
Indicates Bear controlled market...
CESC : Lightening Ahead - Result Series .
Reason for LONG:
#1. TENKAN SEN (@ 884.95) & KIJUN SEN (@ 881.15) Bullish Cross OVER
#2. HIGH & CLOSE Above KUMO Cloud
#3. Crossed GANN Arch 3 X 1
#4. Crossed GANN Line 4 X 1 with Volume.
#5. Closed Above FIB Retracement 50% (Recent H-L ).
SUPPORTIVE BREAKOUT ALSO FROM TECHNICAL INDICATORS &...
All Inraday spot levels are plotted on Chart,
& Fut levels in High lighten Box.
BANKNIFTY FUT. Levels At a Glance for Trade Date 04th Aug 2017
Go LONG / Short as per Level given Below.
PHASE - I: NORMAL
RES: 24827 (M), 24855 (S), 24900 - 24932 (HZ #1), 25018
SUP: 24737 (M), 24709 (S), 24665 - 24632 (BZ #1), 24546
PHASE - II: OPTIMAL
RES: 25064 (M), 25092...
Stock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335.
Strategy :
1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses...
