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
India
BANKNIFTY, When to take action?When to take action?
Answer: buy when the price is below value low, and sell while price makes excess above the value high.
The Control price always attracts the price which your profit booking zone.
I'll take action only when making an excess.
This is view of Turning Point trade.
TCS short term Long BiasTCS is taking support at its short term swing high, also the trend is up and the trend line is also acting as a support. But if it breaks 2065, the next supports are 2010 and 1980. Until then its a long for short term. The volumes are also decreasing which indicates that the pullback is not strong. Favourable exit polls also suggest the market will perform better at least till actual results are out. There is a risk reward ratio of 2:1 for this trade. Be cautious as there will be high volatility because of election.
BANK NIFTY: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
Bank nifty moves around +1593.80 pips from 20th May 2019 to 24th May 2019, in which bank nifty break last week 13th May 2019 to 17th May 2019 top 29559.45.
BANK NIFTY: Breaks April Top: 30669.80
NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
Nifty 50 moves around +449.45 pips from 20th May 2019 to 24th May 2019, in which nifty 50 break last week 13th May 2019 to 17th May 2019 top 11426.15.
NIFTY 50: Breaks April Top: 11856.15
Banknifty Footprit will guide exact trade entry.
There're two excess found above the Value High.
3-price rotation , on the value area.
Above the control price , there are not trading activities detected.
Last closed price is at control price.
Conclusion , Buyers always look at excess 28429 of value low and sellers attraction should be at excess 29316 of value high.
BANK NIFTY: WEEK-TECH-SHEET->13th May 2019 to 17th May 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->13th May 2019 to 17th May 2019
Bank nifty moves around +1034 pips from 13th May 2019 to 17th May 2019, in which bank nifty break last week 06th May 2019 to 10th May 2019 bottom 28784.65.
Indigo, signed for BreakOut.The following all the sign of down break out but the price is still in the channel.
Gap has been seen in the value area.
The price spike also still in the channel.
Volume raised with price fall.
The Gap has been seen, and spike with raised volume which very important for a trader. If this is down breaking out, the price can still 100 points to 148 points.
The important question is for a trader that, WHERE SHOULD I SHORT THIS STOC K IF its down breakout?
BANK NIFTY: WEEK-TECH-SHEET->06th May 2019 to 10th May 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->06th May 2019 to 10th May 2019
Bank nifty moves around -1050.85 pips from 06th May 2019 to 10th May 2019, in which bank nifty break last week 29th April 2019 to 03rd May 2019 bottom 29550.05.
CIPLA, footprint.If you get a chance to enter 550 below and lower low, it's great to buy.
We have found tail on control price.
We need a big spike on this stock for move 565-567.
We are seeing more excess at value low which indicates that, can break downward. This is a red flag.
Different of -ve and +ve points, CIPLA is good at 547-550 with strictly stop loss.
I have added me in a profile about me. I am also the developer and very soon I ll give the most effective trading pine code script .
If nothing is wrong, then BANKNIFTY can get PULLBACK.
The Gap seen in downward.
The blue channel is performing.
The price is too far from GRAVITATING price.
Previous support can perform as a hope.
If nothing is wrong, then BANKNIFTY can get pullback near the value low of blue channel OR from last hope .