Below is my view for NIFTY for coming week 1. April 14 : Trading Holiday 2. April 13 : Lock down extension news 3. There could be some news on stimulus package, but I think it is not going to be enough to create sudden jump on the upside. 4. But with current momentum NIFTY could well go up first 9400 - 9600. 5. Hence intraday positions should be on the long...
Trading trapped shorts Learning 1. After decent uptrend, the first lower low is not actually shorting opportunity. 2. Second short could have been avoided if waiting for trend line break is confirmed on shorter time frames.
INVERTED CUP AND HANDLE pattern is seen in weekly. may able to see more down. last hope for bull is 2364. or may see 1900 in 2020.
good support zone 400. if sustains may reach 424, 450 in coming days. if goes below may see 380 & 364, enter above 404 with SL- 390.
ICICI bank Support and resistance
lately i also notice strong weekly trade line now, banknifty have to cross 2 major resistance
Based on oi data and trend it seems bullish. Hope 26400 will be not broken.
Time frame 4 month #justSaying
Dena Bank is showing bullish divergence with respect to money flow index. Also the price is in a tight range since August. It may break from the range soon. Can it be a breakout? Please share your thoughts.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames. I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...
The concept lying behind this post is how to trade with Elliot waves and use it to our advantage, with simple known techniques. Many will have doubts on how Elliot Wave count is done.It's as simple as 1-2-3, I will explain step by step. This is gonna be Learn n Practice post, so with each step mentioned, you draw & analyze along with Me, So that you can learn more...