India
PRESTIFE - Bearish Engulf patternFormed Bearish Engulfing currently.
Taking support from Feb23.6 level. Breaking this level takes to 352-353.
Incase if bounced back from the support level, will test 410.
Reversal point for BHARTIARTLThe current pattern is flag patte rn.
As per weekly chart, Reversal is not far.
Suppose to already started reversal, the price will close below 518
Long eye,
As per the weekly chart, reversal is 531 nearb y.
BAJAJ FIN is downward trend expected by channel.By looking at the daily chart shows a lot more clear vision of the next moment for investors' activities. The price is trading between value high to control price 1. I am thinking here profit booking and price can stay in condition if fall is not started but hard to move upside from here.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now.
Buying in 9500 strikes put option in step is not bad,
buy @ 95 and another buy @70 for
targets 132-189
negativeness found on spot nifty.Break-Down point 12270 and then 12161.
Reference of last updated:
Long term eye:
Trade-in two-step having great risk vs reward ratio, L_TFH
Expected tail.
Falling is always normally 40 minimum while U-turn.
This might an excess.
The price is currently out of the channel.
Observation:
The tail is a clear sign found while U-turn which is your trade confirmation odd.
Due to the falling wave , we are seeing normally 40 points .
Short 129-133 is the great range because the price is out of the channel.
A negative point for short-seller: Suppose to create an excess, then maximum price move 136 as per previous an excess.
Trade-in two-step having great risk vs reward ratio:
1) trade, Sell at 129
1) next trade should be, Sell at 133
Both trades have the same target as the first 112-109 and the next target is 103.
Best of luck.
Will update daily and 30 minutes chart shortly.
Voltas perfectly achieved target as per my researched.Kindly comment if you have any queries.
In the below chart, there is complete trade setup.
Very Perfectly traded on AARTIIND. Complete Researched.We short in 2nd trade at 915 and booked and target given 839.
Our first trade was on this stock from 785 and booked profit 904
please comment if you have any queries.
The eyes of both investors and buyers should be on this stock.Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 495-505 are the best level for short term holdin g.
I will update shortly, small timeframe chart for this stock more clearity of entry and target point.
Trade SETUP for VOLTASVoltas has formed 8 waves channel (value area) with control price.
The current price is trading at 653 and major resistance are 665 nearby and 636 nearby , the calculation of far;
Major R. 665 - Major R. 636 = 31 / 2 = center 15.5
Trade SETUP,
Plan A: Buy this stock above 665 if close
Plan B: Buy at the value low 636 nearby
Both t rade-plan s has the same target 675 to 696.25.
To verify if your trade is correct, the stock should be going up/ down by more than 17 points in one day .
It may be noted that this stock is follow the channel, JustDial.If the previous record of this stock is checked, it may be noted that this stock is always following the channel . Presently price very near the value low where investors can take thei r position.
The current price is 550 - Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
I will update shortly the daily chart for this stock.
Let's take a look on L_TFH.This stock is trading in down channel . A primary tre nd is down and price is now at the value high . The price will fall as per expection in the chart. You can comment if you have any query.
How will you identify the reversal on NIFTY?You will need a plan for short selling. Understanding the sellers' and buyer's flow by using volume herein. I am not saying start shorting nifty but, here is clear resistance where profit booking can come. first look past complete search of spot nifty as given below chart.
and
I will plan and update shortly for selling.
6th Jan, I predicted few days before what is happening.This is really very easy to under... I told you if you remember in the last update. 6th Jan 2020 will start a downward move. let see the close of today. This is really easy to understand this chart.
This is perfect time to short this stock BAJAJFINSV?
No to write, because everything done in advaced.
Let's find the number to enter in the MARICO.The thing to note is that the stock is having a strong channel that can be seen by the chart up-trend and down-trend follows tightly.
Another thing is to be noted: WHen this stock takes a turn, the big move creates on the single day of secession. So far we have not seen any such thing/big move on a single day o trading.
As per the daily chart, this stock can test 320 nearby. This is the meaning that stock has remained one sharp fall .
Almost all the major resistances and supports are mentioned in the chart. if you look carefully, you will realize that all majors resistance became stronger support.
As per above statement, (c) has already taken as a support 334.2.
Expected investors entry between 228-23 [/b ]2 range for the 357-361 target on this stock.
Primary trend is up and we want to move the direction of primary trend therefore, buying on this stock is worthful.
