Sensex is trading now @ 33873.44, after making a high about 36,400, was continuous from about 25,700, now it’s at 23.6 fibo level it’s highly expected it would test 32,700( fibo level 38.2) and followed by 31,000/-( fibo level 50%), ((for the positive note as it breaks 34,800 continuous higher))
Weekly chart
10 year yield broken 2 year resistance.
It is currently in the middle of the upward channel.
2 year resistance line could possibly act as a support which is at 7.50%-7.52%.
Yields could possibly retest support and then spike towards 8%.
Bond traders should ideally look to go short in price (long in yields at 7.50%) with stop at yield equivalent of ...
If analysis in place tomorrow we should get a higher opening with potential to complete the wave 3 before it start wave 5 towards 10600 level. If tomorrow price break above 10500 and roll over after reaching 10576 area then the pull back will be a entry to wave 5 towards 10600...Happy New Year!!!
The Range should eventually be broken on the upside. All downside triggers/news couldn't break the support.
Moderate buying will come when nifty moves above 10000 and 10150 will invite agressive buying
https://in.tradingview.com/x/aed7wsVQ/
Reliance has been a true star that practically carried Nifty for some time.
Now it's time for a breather. The rally looks tired.
Notice the indecisive price action at 1600 level (encircled).
Also there is divergence in the stochastics as seen in CCI.
Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
First of all i don't know weather this pattern is true or not but i have seen good results in many charts so i am sharing it over hear.
This is continues H&S pattern which shows that the prices will continue to follow its trend. For example IF prices have move from Level A TO B and forms a Reverse H&S Pattern at top of the trend and if it gives a breakout from ...
We have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks ...
I drew this triangle a few days ago and the price actions has been obediently following the pattern.
The price should eventually break on the downside if all goes well. 156 at least is very good short term target even if the triangle bottom is not taken out.
This is a continuation pattern so a good probability of downtrend continuation. COALINDIA is similar stock.
JPASSOCIAT has been doing terrific lately. From the looks of it, it is just getting started!
This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin.
The short term target is 24 at least. Medium term 40. Long 50 at least.
We may want to look for a slight correction only because ...
TATAPOWER -1.51% has been trending in a nice channel.
82 seems to be a good level to go short for a target of 80.
This is also the expiry week so the next four days present a lot of opportunities. This definitely seems a good one for a leveraged trade.
Also, the general sentiment is turning negative or at least neutral for highly positive. That adds to the ...
Strategy: Buy @ 2407 and add more for 2600+ target
------------------------------
TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave ...
Strategy: Buy the dip of 355
---------------------------------------
GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
Strategy: Buy the dip of 355
---------------------------------------
GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
