HDFC LIFEAs per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.
Ichimokuchart
RELIANCEIt has triggered an hourly bearish C Clamp Ichimoku study suggesting retest of 1530 / 1490 provided it does not go above 1615
NIFTYIn 15mins tf its attempting to hold these levels. Above 9390 (15mins close) it could retest 9475/9550. Once that is activated a negation point would be 9350
ITCIt has formed a Bearish Harmonic Gartley which coincides with the Weekly/Monthly Ichimoku resistance alongwith highest OI in 200CE, It could retest 175/165. View negates above 196
INFRATELBharti Infratel has activated a Bullish C Clamp as per Ichimoku. It could test 180 provided it does not breach 155
Hexaware -X Wave Bounce to 275 as Selling Opportunity to 175-185Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trend - Downside (Longer Term Trend)
Trading Strategy
Plan A
Look for bounce strictly "above 232" for 270 /290 ------Getting Resistance from X -Wave which is 275 (+/- 10 points) range if stock stops then execute Plan B as mentioned below
Plan B
Once Plan A is executed - Have patience & watch for resistance as mentioned above & sell for downside target 175-185 later. Plan B will not be executed if stock moves above 300 levels.
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Previous Ideas
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Idea No-1 :Hexaware - Journey Above Cloud -237 - A New Story Unfolding (Published Date - 1st May 2017)
Idea No-2 : Hexaware - New Story Unfolding Part -2
Bajaj FinservIt has given a diagonal breakdown which indicates 4900/4400 as possible areas before any major respite comes. On the other hand immediate resistance is at 6250 above that 6800.
Asian PaintsWeekly chart have seen a perfect bounce from a bullish Ichimoku Kumo, which coincided with a Bullish Harmonic Alt Shark in daily time frame. In hourly it appears to be consolidating after doing a 38% retracement. Support comes in at 1530-1510 which had decent volumes, below that retest of Alt Shark 1.13 at 1470. Immediate resistance 1670, above that 1725. So far among the rare stocks to withstand the bear onslaught.
NiftyAs per ICHIMOKU study - Monthly, Daily, Hourly, 15mins & 5mins all showing 9800 as crucial. So if we are looking for this Monthly Kumo bottom to hold then we need to be prepared for some consolidation between 9800-8500 also. VIX is at extremes, until it starts cooling be prepared for swings as well if these lows are to be held. However, if again dips lower the next support is at 7900. Nifty P/E currently is at 18 (trailing) & 13 (forward) kind of levels we have not seen since 2008.
HDFC BANKIn Daily Time Frame it has come into the PRZ of Harmonic Trading Patterns. Bullish AB=CD as well as a Bullish Reciprocal AB=CD. In Weekly Time Frame it has come to the strong support of an Ichimoku Kumo. Both appear to be in line between yesterday's low and 1120. It could retrace back to 1200-1225 if the support levels are respected.
MARUTIIt has made a bullish AB=CD in daily time frame. It could reverse from here for 6850 / 7100 provided it does not go below 6625
VEDLIt has activated a C Clamp in Daily Time frame suggesting 149 as a possible level which coincides with 50% retracement of Bullish Alt Shark. In hourly time frame it has taken good support near the Kumo. View negates below 139
COAL INDIAIt has activated a C Clamp in daily time frame. It could test 190 provided it does not break 171
ASHOK LEYLANDAshok Leyland appears to have completed a diagonal which is v close to weekly ichimoku resistance. A retest of 78-75 could be possible if it were to sustain below 89. Q3 results are expected on Feb 13
TATA GLOBALTata Global in daily time frame has activated a C Clamp suggesting retest of 355. It's hourly is also suggesting a H&S breakdown below 379. Resistance at 390. View negates above 400
MARUTIMaruti in the very short term looks weak within a sideways corrective which suggests it could test 6800-6700 which tallies with a bullish Harmonic pattern as well as Ichimoku Kumo support provided it does not go above 7350. Near the suggested level of support it could resume a medium term uptrend.
RelianceIs trading within an expanding triangle. Today's O=H (so far) near the upper end of the channel. If it sustains below 1540 (closing basis) then it could test the lower end of the channel near 1475. Resistance comes in at 1580 for now.
SILVERMonthly chart is in Tiger Shroff mode "Abhi to maine start kiya hai!" Sustaining above $19.40 will explode for $23-25. Else will consolidate between $ 19-17 for sometime before resuming this uptrend.
RELIANCE INDSAfter reversing from a Bearish Harmonic Crab, it took support at an Ichimoku Kumo cloud from where it bounced back to the Kijun resistance at 1560 in daily time frame. In hourly time frame it is near an important Kumo support. If it holds above 1510 it can retest 1575-1600
NiftyNifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.
ADANI ENTERPRISESIn daily time frame its now breaching through a daily support and entering into the KUMO zone. In hourly it has given a breakdown at 208 Sustaining below 200 on closing basis could take it to 180. Any pullback till 208 could witness selling pressure.
NIFTYAppears to be ending its hourly triangle. It could rally till 12475 provided it does not break 12150.
BIOCONIn daily time frame it has reversed from a Bearish Harmonic Crab. As per Ichimoku its likely to retest Kijun support.
In hourly time frame it is at a crucial support of 285. Resistance comes in near 290.
