Intraday Trade plan.If you remember, NIFTY exact follow our levels in the last post: CLICK h ere to see.
This daily chart research has plotted few days before with (b) wave and let see (c) very soon.
We are going to see sellers above the value high as an excess 6.
From the 15min chart, we can find small value area for intraday support 11910 and 11963 and Resistance is far, 12107 nearby.
Breakout the range will be a change for trend.
India
Footprint with a further prediction for JUBLFOOD.
An excess detected at the value high with price rejection and another is at a value low.
During the fall from value high found the surging volume and broad volume at the value low.
The price is trading at value low with already formed TAIL, therefore stop loss should below support 1295 and target will be at control price 1335 above. If volume generates higher, a trader can start entering at dip price.
I have also plotted buy zone for long traders.
NOTE : we might see spike up side after small fall.
BANK NIFTY: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019
Bank nifty moves around -1125.65 pips from 3rd June 2019 to 7th June 2019, in which bank nifty did not break last week 27th May 2019 to 31st May 2019 top nor bottom.
NIFTY 50: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019 ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019
Nifty 50 moves around -333.55 pips from 3rd June 2019 to 7th June 2019, in which nifty 50 break last week 27th May 2019 to 31st May 2019 top 12039.25 as well as bottom 11812.40.
NIFTY 50: Breaks May Top: 12041.15
NIFTY, Value High and expected consolidation.Corrected in value area for NIFTY.
We have seen the result of Lok-Sabha election. Therefore, the market index is not going to change its trend nor channel. In the value area, price is moving Value High and expected consolidation control price to value high .
A Trader can take benefit of this Value Area.
This market is looking to build a long-term portfolio to invest.
UPL STRATEGY UPDATEAs you can see I gave a short term holding call on UPL.
Price then : 956-964
Price now : 1040+
Return : 9% (80 points approx / share)
Duration : 1.5 - 2 months Approx
I hope some of you might have earned through my call. Please like and follow, it motivates us.
What are your views? Let me know :)
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
Intraday trade setup for NIFTYBuying and selling should be near support and resistance.
Resistance at 12000 nearby and Support 11807 nearby for small value area.
Detection of two excesses on the chart.
Note: this is a small value which is not reliable as compared to higher, therefore I can say trade with a small stop to loss. Reliability is 85% around.
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019
NIFTY IT moves around +670.95 pips from 27th May 2019 to 31st May 2019, in which nifty IT break last week 20th May 2019 to 24th May 2019 top 16009.65.
NIFTY IT: Breaks April Bottom: 15662.55
BANK NIFTY: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019
Bank nifty moves around +1160.55 pips from 27th May 2019 to 31st May 2019, in which bank nifty break last week 20th May 2019 to 24th May 2019 top 31705.00.
BANK NIFTY: Breaks April Top: 30669.80
NIFTY 50: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019 ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019
Nifty 50 moves around +226.85 pips from 27th May 2019 to 31st May 2019, in which nifty 50 did not break last week 20th May 2019 to 24th May 2019 top nor bottom.
NIFTY 50: Breaks April Top: 11856.15
Intraday Trade SETUP for BANKNIFTYThe small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby .
NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live mkt hrs.
NIFTY IT: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
NIFTY IT moves around -547.80 pips from 20th May 2019 to 24th May 2019, in which nifty IT break last week 13th May 2019 to 17th May 2019 bottom 15642.95.
NIFTY IT: Breaks April Bottom: 15662.55