Indianmarket
Something Fishy is going with USDINRStock Market is turning around.
With all the bad news quite for while. But on technical front, after the release of MPC by RBI and considering the USDINR rate at 71.30 for analysis purpose. The rupee has started depreciating to new levels.
After breaking the levels of 71.20 -- USDINR is moving ahead for the immediate Resistance range of 71.60, 72.10 and 72.40 levels with the Support range at
71.25, 70.95 and 70.58
Please be cautious with your trade
Investiture.in
#investituredotin
BankNifty Intraday for 5 NOV,19Note: Please note down the levels and trade on 3 or 5 mins timeframe. The results are substantially better.
My analysis results in formation of zones on chart which can be used to get proper entry at the begin of any intraday trend which usually is reversal in the direction of the symbol.
Any suggestions are most welcome in the comments.
Is it a Cup Pattern in Nifty?Nifty has break all its major resistance levels and trying to test its major high levels.
With Technical levels it looks like it is trying to make a Cup with Handle Pattern. So Be cautious with your trades.
This Diwali we might see the new levels of Nifty. But still who know the bad news.
So have a strict SL of 11470-11490 Range.
Or buy if it gives opportunity at such SL levels with the Support of 11395 Levels.
For the New Target of 11900 and 12200 levels in the coming weeks
By
Investiture.in
Is USDINR Traping us?With Fundamental Slow Down in the Indian Economy accompanying with rising Global Slowdown and Trade Wars.
Dollar Index is Touching New Highs and with no major moves in Indian Currency giving us a big trap signal on each fall in the USDINR or the Rising Rupee.
One can Long USDINR at 71.15-71.20 Levels for the Targets of 72.40, 73.25 and 74.57 in the coming months with Near by support ranges of 70.64, 70.54, 70.32 and 70.08
TATAELXSI Long Setup [Intraday]NSE:TATAELXSI Possible reversal buy opportunity based on 15M demand zone at 634.20 with SL at 631.5 and three potential targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
SRTRANSFIN Long Setup [Intraday]
NSE:SRTRANSFIN long setup at 985.10 and stop loss at 979.05
Intraday target i.e. 2:1 @ 997
TCS Range for Middle Term :)NSE:TCS
As per 5 year chart view. TCS has triggered Range:1 @ 2277 twice. At second attempt it failed to close candle above range: 1. So, Price pulled back and cmp @ 2076. If it Breaks 2277 ,Then next Range: 2 will be @ 2490. I has mentioned base line in chart @ 1780. I expect it will consolidate @ these range. Stay tuned for more updates :)
Think, Research & Analyse on your own before taking decision.
Nifty IT Sector is OverBought ??NSE:CNXIT
As per 5 Year chart View, Nifty IT is overbought @ 16739 (Levels Mentioned in Chart). But there are some chances that it could go to Range: 2 @ 18024. Downside Range will be @ 13780. I expect it will consolidate in these mentioned range. It shows us TCS, INFOSYS and some more IT stocks will be in consolidation. Ranges for stocks will be updated in next charts. Stay tuned for more updates :)
This chart is for analysis purpose. Think, Research and analyse before taking any decision.
Nifty Positional RangeNSE:NIFTY
Tomorrow will be Risky for traders because nifty is in crucial support line. If it Breaks support line 11455, Then its next zone will be 11265. If Nifty didn't break support Line, then its next range will be 11650. Trade with caution and keep trailing stoploss. I expect upside but let's see what happen.
Think, Research and Analyse on your own before taking any decision.