NSE:LINCOLN retraced till 23.6% FIB level and appears to be taking support now. RSI has also bounced up from 40 and is now above 50, aka in the bullish bias zone.
Interestingly, the support zone is right at a previous high.
Risk is limited as a failure to hold the 23.6% level or the previous high can negate the view. The pharma index, NSE:CNXPHARMA , saw good...
There are 2 Parallel channels given where the shift of track shown in the chart but there is a beautiful Harmonic XABCD pattern created which has always maintained the Fibonacci level when retrenching.
On that base and present trend analysis, I have tried to understand the recent move of Nifty Future ( present continuous) with the given target level and stop.
Sterlite Technologies Limited is currently struggling near Fibonacci @3.14 Projections. From Past three months, stock is not able to cross Fibonacci 3.14 levels. However as yet there are no sign of weakness or reversal in the stock.
Stock Might consolidate more near these levels.
Support are at 310, 270
Resistance at 360- 370, 430
Same as Ambuja cements yesterday, Tamo was on bearish side that's the only difference here, resistance at 61.8%, on bearish confirmation depending on your risk , You can take shorts in Tamo. This week, I don't even know what to write in description :P
Certainly Not ! Because, usually I post out Nifty before 9.15 am & its not the same today. Not a prob, but are we right on Timing the Nifty to our expected zones ? Well, Nifty needs to tell Me that.
Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion...
I m not sure whether old strategies in the trunk Got Me or I Got that, but now another trade setup in Gail, as this charts are like Holi colors, Gave away approx stop, target , Entry zone. Check with your plan before trading. But as far as now, Gail : I Got You :)
Note : That's a song by Bebe Rexha ( I got you ) with some fantastic beats, enjoy if you have time !
Contrary to popular belief - " Leave your comfort zone , Push yourselves hard to gain success " I would say better stay at comfort, Apparently I disagree with that line. That may help your career as per corporate motivational Guru's. But when it comes to trading , Doing what is comfortable & staying in that comfortable zone, makes you winner.
Usually we are...