ca be a good buy for short term !!!! lets see
Just note the high and lows of today high-24994.85 low-24803.65 if market sub stain after breaking high or low just take a trade in that direction Just for knowledge purpose i captured complete 1006 points of bank nifty -0.20% by analysisng the dates Sustaining above high and low is very imp not just breaking
If it breaks 700 level then it will shoot up to 900 level.Otherwise there would be a reversal to come.Follow me for updates.
Nifty is in a symmetric channel where there are 3 possibilites... 1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction... 2. It May continue sideway move and give upside/downside move after few days 3. Breakdown, through which we may conclude that the nifty is ready for bigger...
The RSI is placed at 37. It is bounced back from 31 levels and showing some strength.The 200 DMA is Acting as Resistant. Stock has Tried to Break the 200 DMA Resistance few days back and Failed to Break it. It is going to Test the 200 DMA as the RSI is indicating a Support at 37 which is bounced back from 31 levels. So one Can Initiate LONG on IDEA at CMP for a...
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...
Buy Setup: Wipro just bounced off at the support level 485. We also have a hidden bullish divergence. Go long at the break of trendline, with target at 500. Short Setup: If Wipro breaks bounces off the trendline and breaks support at 485, wait for retest at resistance and short it with target at 470 level.
Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.
Sanofi will form a pattern of flag and it will be fly above to touch the target of 4501 in coming day.
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst
Symmetric Triangle on NMDC and it may break either side. Trade: Long: Buy above - 123 Target - 125 Stop Loss - 121 Short: Short Below - 122 Target - 120 Stop Loss - 124 RR Points Ratio: Risk : Reward = 1 : 1
7700 - 8850 is the range in which we are locked.. we can play with strict sl in this RANGE(see earlier 2 posts) ..bcoz if that is broken we may touch T1/T2
trend line support Nifty continue to hold gann trendline