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I have plotted here 2-scenario where BANKNIFTY can move beside.
What are the points to confirm the direct?
The following points should be considered while taking action.
find the where are low risk (stop loss) and higher target
down-side more preferable to keep our trades presently.
control price will give you hit and more accuracy to trade here.
etc.
Hit...
GETTING SUPPORT ALONG THE TREND LINE.
IT IS ALWAYS STRANGE WITH AL THAT WHENEVER IT APPEARS POSITIVE ON THE CHARTS, A PRICE FALL IS SEEN IN THE LAST FEW WEEKS TRADING.
I HAVE MY OWN INTUITION THAT BIG ACCUMULATION COULD BE HAPPENING.
CLOUD TWIST IS NEARBY, LET US SEE WHETHER THIS WILL REVERSE TOWARDS POSITIVE SIDE.
NEXT SUPPORTS ARE AT 82.4 AND 81.7.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.55.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=137.5.
TP4: R2=137.8.
Set the stoploss of these orders at breakout of S2=136.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
KING OF REVERSAL'S - MAGICAL BREADTH TOOLS
Except Breadth tools, no other tool in this real world market scenarios can capture the reversals so accurately.
Breadth tools will help you to read very precise information on how the volumes are flowing on an Uptick and Downtick.
Understanding tick volume is very important and most of the professional traders use...
The 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.
SBILIFE Given a strong breakout abv a major resistance of 630 if sustains look for long side opportunity.
Entry : 620 <=> 630
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
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Breakdown study was applied on the BANKNIFTY which has appeared breakout.
buyers can try this level, 30008. In fact two strong has it, another is at 29730.
Sellers will continue to enter the market either new short or as long forced to liquidate until some point when buyers coming in.
We are going to see high volatility in coming this week as I told you earlier...
HDFCBANK went critical gave sudden closing below 20DMA & formed Shooting Star, look for opportunities either side of upper drawn consolidation zone.
if you have any queries regarding above idea or any other stock feel free to D'M
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Here...
BATAINDIA has made -ve 3Star Candle Stick Patter with Bearish RSI Divergence, seem like after burning many hands its thinking to go short.
Entry : Strong Closing Below Red Line
Stoploss : 1430 (Closing Basis)
Basic Target: 1330
if you have any queries regarding above idea or any other stock feel free to D'M
Recently we launched, TruStox Community a...
ZEEL is taking pull-back at demand zone or Support, taking a long side approach should be beneficial.
Entry : 402 <=> 412 Range
Stoploss : Below 385 (Closing Basis)
Basic Target: 440
if you have any queries regarding above idea or any other stock feel free to D'M
Recently we launched, TruStox Community a community driven platform for Traders with almost...
NIFTY is trading in a falling channel as we could observe from the chart. Immediate support lies at 11615. Fibonacci extension (1.618) of previous upswing between 11769.5 and 12000 (as marked in chart) falls at 11626 which more or less comes in at same level.
Technically, even though we could see patterns like Head & Shoulder and Rising Wedge whose targets run...
UPL CLOSED BELOW THE DOJI.
IT IS ALSO AT THE SUPPORT LEVEL OF 991.
ONCE 991 IS BREACHED, SEE THE TARGET OF 975 IN THE COMING DAYS.
IT APPEARS TO BE THE MOST LIKELY SCENARIO.
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