Happy Guys & I don't know what to give as title, so gave a song title :)
Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's...
Yes, I'm Back to Tradingview !
Before the analysis, I want to thank each n everyone of you for all the love, Thank you so much for your messages & people who gave follows even when I'm not available. Thanks for the Trust & Love :)
It has been more than 100 days since I posted & from now on I will try to post more often.
Now Our Nifty analysis :
Let me put...
The stock has formed a Doji Star on 09.03 and Buy signal was confirmed on next day as price traded above the high of it. Moreover it was at Crucial 50% of the last swing so one can go long at this level by providing a small stop loss. One can easily expect 2-3 times reward of the risk taken.
DLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137....
Hello Traders,
I have observed Bullish Gartley Pattern on AUROBINDO PHARMA. It look price soon will enter Potential Reversal Zone (PRZ). Here, PRZ is made of 0.786XA, AB=CD and 1.27AB Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2.
Follow this idea for further updates.
Happy Trading!
"D" Level done. Price action (Bearish engulfing & Doji at 770/760 levels) suggests bull rally may be over. Seems short below 727 ( 1.414 Extension of Fibo) for the target of 695/625 with the stop loss 757. Time frame 12 to 16 days.
As shown in chart, PNB took support at Gann line and the uptrend may continue from here. Long position can be taken once it closes above 144.35 which happens to be 38.2% retracement level. SL and Tgt are shown in the chart.
IDFC BANK this is new bank but i hope that it will will defiantly cross 100rs. level but right now a strong pattern is form cup and handle in both weekly and daily chart and fibo retarcement is also showing some up move.
So i feel immediate target will be 65
second target will be 71
and final target from my side will be 83
A cypher pattern near completion. Watch for price action @ D level (Doji, Eve Star, Bearish Engulf ETC) Target calculated with C to D leg retrace (0.382 & 0.618 of Fibo)
If Nifty breaks 8327 8314 on the downside, it is likely to visit 8244 below that 8177. Above 8369 bulls may come back strong.
Below 8314, the move can be quick to 8294 8289
Buying kotak bank because of price is at rsi oversold area on daily chart and strong bullish candlestick marubozu type formation with good volume,weekly chart is also at rsi support zone and target is based on Fibonacci
Stoploss - 690
Target 1 - 747.45
Target 2 - 781.31
