In this chart showing different possibilities of long side and short side trade positions in NIFTY. Currently it is trading in Falling wedge pattern on daily time frame. Current trend of nifty will change only if it gives breakout of resistance of inside falling wedge on daily time frame. Once breakout of this pattern possible strong upside rally in nifty upto...
Stock Name - Eicher Motors
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness and
More strength will be visible above 2830
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn...
Nifty consolidated in today's session and formed a symmetrical triangle, breakout is expected in tomorrow's session.
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
NSE:MOTHERSUMI Motherson sumi consolidating in Ascending triangle after resistance breakout
Consolidation resistance is horizontal and support is rising
Above 140 it can trigger bullish sentiment.
Important levels are marked on chart.
We are up to the March 3rd expiry. Looking back, we are going through such a dramatic market condition. Last week was so tough as an option seller. but looking at the chart nifty at an important range. nifty cross between 16750 and 16850 with strength, but it couldn't be sustained. As it is currently a news-driven market, we can see wild movement at any time....
A rising wedge basically signifies a probable end to an uptrend. However, we have been wrong a number of times. But in such irrational and nuclear times a break in trend can signify a massive fall in the price of a stock.
Even though this stock looks strong, the monthly timeframe looks extremely weak. Should this weekly support break, we can clearly expect HAL to...
We are up to the first week of March expiry. Last month we saw such crazy movements as gap up opening and gap down opening. As an option seller, it was really a roller coaster ride, but it could end with green last month. We all learn how to trade in such crazy movements. Looking at the chart, the uncertainty is still there. Any news can drive the market. VIX in...