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YesBank- Is there a Possibility Of a Skyfall? The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too. If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank breaks the 50% level upside and breaks 19.00 , then the target will be 19.30 - 19.50 - 19.90 - 21.75 . Otherwise, it continues to move sideways.
NSE:YESBANKShort
by forextidings
NIFTY - Turning UpHere's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend. If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of 13550 . And moves the same, the target will be 13476 , and after that, if NIFTY breaks the support trendline, the target will be 13386.00 .
NSE:NIFTYLong
by forextidings
2
TATAMOTOR'S trading strategy for the day tradersThis trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 . In the Elliott wave pattern, 2nd wave is 100% retraced . In the third wave, there is a contracting triangle. An Important suggestion for traders: be aware of fakeouts.
BSE:TATAMOTORS
by forextidings
5
BANK NIFTY - Potential Bearish Butterfly And Short OpportunityIn the previous week, bank nifty has lost 422.35 rupees. A runaway gap of bank nifty was 369.65 rupees on the last Monday. Overall, it seems bullish ahead. We may see at 25000 to 25500 soon. But this is an alternative scenario . According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following target levels: 23960 - 23560 - 22886 - 22420 . To trade with Harmonic Pattern: From point D , a trade can be entered with stops at or above (below) the price point at D .
NSE:BANKNIFTYShort
by forextidings
2