Marksans PharmaBullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
Index
BANK NIFTY POSSIBLE PRICE ACTIONSeems like banknifty would pullback or consolidate for a big breakout.
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Be prepared for this Move, Do Not Miss it!
Reasons to Short:
Negative Global Sentiments.
Nifty Overbought.
Correction Phase.
Resistance + 61.8 Golden Ratio.
I intentionally left blank the SL and Target levels, because of every trader has its own way of entry and exit.
NIFTY ABCD PatternNifty ABC Wave done, "D" level may be at 10500 on this august. Weekly chart. So be cautious. Any major fundamental change (Negative) will be not good for this move.
Will Nifty follow Sensex & break 9700 to test 9500..!!!?Always Chart Speaks a lot..
Sensex formed nice double top with -ve divergence on RSI & started its downmove.. It has already broken imp supp lvl arnd 31500, similar to nifty lvl of 9700 supp.. Now will sensex reverse & mark as false breakdown or nifty will follow sensex to break 9700 & head to 9500 lvls (Sensex 30750-800).. Interesting moves ahead... my bet is for nifty 9500 if 9800 not crossed & sustained soon.. lets c whats in store..!!
Happy & Safe profitable trading
Anand rathi
@anandrathi12
On the Verge of Channel BreakBank nifty is been in channel since months, and looking at it seems like its leaning towards the downside and looking for the next corrective move since Jan 2017. Also the RSI indicates Bearish Divergence.
It may bounce from the current levels, but sooner or later it will break that channel and we dont have to miss that move. If it breaks the channel now, we shall be ready to short at the pull back.
NIFTY50 : Short towards sub 9000 levelsI believe we are in secular bull and extension of 5 of V of (5) would do around 12000 before any major trend change, yet I believe we are overbought on current levels and some profit booking is due which pull index in region of 9000-8900 levels close to 38% retrace. Yesterday , Global Index got slaughtered , expect nifty to open weak.
Trade your own strategy.
Good Luck.
Bank Nifty heading towards 22300 this week ?The downtrend (if I may use this term) which started last week from almost 23K levels, seems to be playing out with lower highs and lower lows. The gap down of 17th May was been closed. The retracement was precisely from 0.786 Fibonacci levels.
Here we have a rising channel which if taken out on the downside, will continue the downfall below 22700-22650 levels.
Also, on a larger time frame (1H), there is a gap on the downside till 22300 if 22600 is broken. 22300 looks like on the cards this week.
SL can be taken at 22900 (Previous high in this downtrend)
Nifty IT Medium term viewWe are looking at a 8 year Nifty IT chart
Lets see what the chart is trying to tell us...
- Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels
- Since Jan 2009 till March 2015 the index has been making higher top higher bottom
- It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis
Hence applying Fibonacci retracement level on the entire Bull cycle seen in NIFTY IT since Jan 2009 to March 2015 (roughly 75 months)
- It is further observed that since 2015 Price is trading in a Downtrend channel
- Blue trend line drawn from 2009 lows looks likely to be the Laxman Rekha (Make or Break line)
2 likely scenarios have been charted out...
Eventual target for NIFTY IT-8750-8600 zone which is 38.2% retracement level of the entire rise from 1933 levels to 12908 levels
- Time wise 38.2% of 75 months is 29 months giving us time till Sept 2017
- Channel support around Sept-Oct 2017 comes at 8750 levels
Things that one should consider before initiating a trade
- this is a medium term 6 months view
- Wait for the levels to come
- allow price behavior around key levels discussed in the chart to give further confirmation
- Understand the Risk involved & Reward potential
- Plan your trade accordingly
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"Be sure you put your feet in the right place, then stand firm." - Abraham Lincoln
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Take care and safe trading...!!!
Nifty 50 looking attractive...Beginning of new bull run...?pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).
Nifty To Hit 10000 - 12000 Nifty Channel structure for Long Term
Generally, channel are respected when you see long term
Nifty - Will buy-on-dips strategy work this time?Will buy-on-dips strategy work this time?
This is the best setups for bulls - buying on dips and a jhat-pat trade. The resistance turns support at 8,970 (pink line) will be crucial for bears to break. The recent rally in the range of 9,000-9,200 seems to be disheartened for bulls. The rangebound session with index being firm above 9K express positive yearly settlement for traders. The move from 1st week of April will be the trend decider.
RSI has broken previous two swing lows while the negative crossover on Stochastic hints the failure of buy-on-dips strategy this time. But the confirmation will only be below the pink line. The move above the fresh highs will negate the setup.
BankNifty Buy Setup!!BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
Nifty SHORTExpecting a short term down-trend on Nifty given the dark cloud cover on the daily charts, and a move below the 20 day moving average on the hourly. I do not expect this to be a massive move towards the downside, but I expect to see the market probe some of the levels below 8200.
nifty50 is really looks 50-50economic condition and next quarter results are not looking great.
its good level to short at 8230-8370.
SL 8300
Target 7900
NIFTY - Triangle in the making!Nifty may form a triangle on 120 mins chart. RSI as well as price are near supports suggesting a bounce. If it forms a triangle, risk-reward is very attractive here! As long as above 8050, view remains bullish targeting 8200+
Nifty Potential Buy Setup!!Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would stand wrong and Nifty probably is making some other pattern which needs further analysis.
Nifty- Let us solve the puzzle above 8210-Wave (2) continues..Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2).
The depth of the wave cannot be determined in current state & its shape but we will move as the market moves.
Going above 8210 -key level in upcoming session- This wave will extend & can go even beyond 8600 because ((x))-wave extended below the origin of ((w)) -wave which was 8002.
2 features clients could use
- Every previous chart will have load bar facility shown at the right side as arrow -which can be clicked to see how analyst prediction went & how correct he was in his analysis.
-In new & current analysis -one can use the alarm feature which is present in the update name so that one can keep an eye on analyst prediction- if it starts moving as he predicted which will help one to decide whether he wants to trade the setup or leave the same.
Related Analysis attached below
Traded x-wave with double top at 8600 & other analysis.
Nifty Flag Pattern!! Potential Buying Opportunity Coming Up!!Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is being formed before taking long positions..
Happy Trading!!
Nifty Buy Setup!!Nifty would go higher from current levels with first targets around 8775 and second targets around 8900.
NIFTY PSUBANK can it break it this time ?CNX PSUBANK near a tough resistance which has given plenty of trouble in past. can it break this time ?
above 3365 a convincing close may lead
TGT 3393/3601
only above this psu bank may fire up.
