Indianmarket
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.
Escorts: Down Trend Continues for Long...NSE:ESCORTS
As per 5 Year chart view, Escorts is in downtrend for past 1 year. I expect Escorts will continue its downtrend for long. I have mentioned resistance line in chart and Target 1 will be @ 500 zone. Once it Break next target 2 will be announced soon.
Short Reliance as mentioned in chart NSE:RELIANCE
Hii....
As per One year chart, Reliance is in Uptrend and has mentioned support Trend in chart. For Short period Reliance is in downtrend. It will touch support line in few sessions hopefully. There are 2 Targets mentioned in chart. They are 1214 & 1201. Mostly it will not break Support line but Set target till support line. If more time it takes, Less profit you book because support line is Uptrend line.
Nifty Election Impact starts? Nifty again ready to take over all the losses and now targeting for the new high.
With our previous hits in Targets. Nifty is now target for a new high at 12239 levels.
With the release of Exit Polls (Survey), Sgx Nifty has crossed 11730 levels shows a wide gap up opening thus increases volatility in the market. Further on technical fronts lots of greed is going up with the support of 11100 levels nifty has closed above 11400 as recovery.. Now the prominent resistance levels to look at will be 11560, 11618, 11780, 11830, 11945,12035 12140 and 12239-12246.
Keep Cautious with its move...
Bank Nifty Weekly Analysis 3Here is my analysis for coming week.
I would suggest be careful on coming Monday as only 3 days of trading this week, Market would be more volatile this Monday.
TIPS
- If market open gap up, be careful and trade only if it creates a candle (after confirmation) above 30400 to R1 (shown in chart)
- If market opens gap down, it could easily go down 70-100 points or maybe more
If it goes below S3 and S4, Then we will see a big downfall.
Personally, I feel like market would go up. It is a temporary pull back after a 2 days long and +500 point movement.
You could go and check my previous posts and confirm my analysis success rate and confirm it by yourself :)
Please like, follow and leave your feedback.
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.
USDINR UpdateHey Guys,
USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts
1. reaction in the upcoming months from the similarity of historical candles
2. From the combination of support resistance and Weekly charts RSI, It looks weak on the weekly chart so most probably can break the lower support level.
This is just my point of view, not financial advice.
Feel free to share your views.
Thank You
BANKNIFTY Don't overlook the BLUE channel, which is still activeThe Gravitate price is being played such as magnet which has a yellow color with a number (0) to (8) . If you see it closely from left (0) to (8).
We have seen selling and profit booking with high of 30058 which is also written by me. price is going to hit at "blue-channel-line" which is the point at 29387.
I have written yesterday: Don't overlook the BLUE channel, which is still active. Therefore, the blue support line pushes BankNifty price to upside 29387 nearby.
Click here to see more about yesterday what I said.
Formed bearish candle which resembles a 'Dark Cloud Cover' on the daily chart.
The important event of next month.
Below conclusion is from the daily chart:
If weekly close makes slightly higher then today price the continuation of the trend is possible till 32500
any reversal on daily one can look for a fresh entry for next move up.
Daily chart credits go to @I-Fund-Trader
Short at higher and magatic target is at control price for NIFTYThough nify price is rotating in a tight range, yet any resistance from above can play an important role for the seller.
Last Friday, I suggest buying BANK NIFTY PUT of strike price 29500, 39-43 for target...
I suggest sell NIFTY above the value high and buy below value below . As per this statement, green drew "control price" will be a target for a seller and a buyer. As a trader must look to trade when the market imbalance.
Expecting again tight range for Monday trading, because there is not important news.
------------------------------------------------------------------------------------------------------------------------------------------
Following below points are important for Traders :
WPI inflation and Balance of Trade data for March will be announced on April 15.
Monetary Policy Minutes of MPC meeting held earlier this month will be released on April 18.
Foreign exchange reserves for the week ended April 12 will be announced on April 19.
2019 Lok Sabha elections will continue to be a key factor to watch out for as it will decide which party will rule the country.
The risk is rising for taking fresh trade at higher zones.
WEAKNESS in PVRSHORT SELL
BEARISH HARAMI PATTERN
TRENDLINE RESISTANCE
(1hr+4hr) Confirmation
TARGET 1620
STOPLOSS 1740 (closing basis)
SMART MONEY ALERTAfter a constant bullish movement, smart money has been digested into this stock.
The resistance is now acting as support and will be a good bet for 1-2 months horizon.
Short term target of 525 and long term target of 580-600 with a quick Stoploss of recent low of 465.
ALERT Significant Increased holding by Mohnish Pabrai Investments.
SENSEX - Wave countsTwo counts
Yellow one suggests we are in a bigger flat correction
in the form of wave 4. In this case, first, a fall towards
32300 can be expected, before another upmove begins
Green count suggests, wave 4 completd near 33300
and we are in 5th wave upwards of the current impulse
Target in this case will be 40300 followed by 41000
(downside limited till 36500)