SBI cards | Very good consolidation for a BOTAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen.
A breakdown or a gap down = leave the trade.
Happy trading :)
Don't take the trade if u don't feel well emotionally or mentally ...
Marketstructure
TCS positional setup (Updated pattern) #letsMakeMoneyTogether As the last analysis said ..... no buy signal above the red cloud box and the same box provided heavy resistance for the stock .... On lower TF still bullish and 200dema retested if the yellow small trendline broken with a power candle and moves thru the red box . on 15min TF . 2% positional tgt is activated with the SL being the low of the candle .
Happy trading #TCS
BEL : Short term view for positional tradeWill be buying the stock if the price touches the ascending channel line support in the coming days. Will be targeting the double top levels for a profit of about 33%. If price further, then will be adding onto the positions only at the levels mentioned in the chart.
HDFC Bank Ready for Channel Breakout - Swing/mid term to 1550NSE:HDFCBANK Levels already mentioned.. Good candidate for Swing..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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Long MindtreeCreated a lower high but fail to create new lower low and a bullish pressure coming in which break the trendline and sustaining above it.
Buy: 1370-1330
Target 1: 1431.90-1437
Target 2: 1520-1524.50
Target 3: 1596.95-1585
Target 4: 1710.30-1694
SL 1280
Short CADILAHCHigh Probable Shorting Opportunity
Sell below: 425 (Safe Trader)
Sell : 429-425 (Aggressive Trader)
Target 1: 411-406
Target 2: 398-394
SL: 440
Nifty Weekly Trend Pattern AnalysisNifty started exhausting near 11600 zone.
Weekly and monthly chart showing signs of Bearishness.
Last time the index failed to breach 11600. For Risky Players can create a short Positon near 11475-11500
with Sl 11620.
Target can be 112020/11000/10880/10550 on a Positional basis.
The analysis will be null and void if Index close above on 11620 on Weekly basis
Spx Back on ist bearish Journey as dxy turns bullishSpx has been bullish for most of the 6-30 week. today it pushed past its market structure held at roughly 3150. While most would be expecting a retest and the start of an even more bullish momentum, looking at the 4hr and daily chart can provide insight to the fact that we are just in the top of a very large retracement. in the past month price has not risen above 3150 and stayed there for more than 6 hours. So expect a bearish momentum and expect it for a week or so.
If anyone disagrees i would be happy to hear your perspective
$ETHBTC - The Big Picture ! #ETHBTCHello everyone, Hope you all are doing great.
Well it has been quite a good run that we have seen with Ethereum and we hope that this continues further as well.
ETHBTC is at a very important juncture and is at a very strong weekly resistance level as can be seen in the chart. This strong resistance however looks like will be broken soon since ETHBTC broke the long drawn downward structure and has been showing good strength to continue further. Price Action will likely look as above.
Once the resistance level as shown above is broken, next likely stop would be 0.030 levels
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Yo Crypto
NIFTY VIEW for 5/NOV/2019Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart.
Our levels worked very well today too.
What Next?
Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone.
But nowadays sentiment is positive then I am also expecting it to hold 11950 level and go high at least 12000.
But if it breaks below 11900 then we should look for 11850 and this is the again good buying point.
NIFTY VIEW for 18/10/2019#NIFTY VIEW
@Today
Literally I was not expecting this much move, but I was bullish above 11480 and this worked very well and from this level nifty gave a handsome move till 11598 and I drew trend line at this level only.
@What Next?
After this move buyers has gained the control over sellers and I am expecting this move to continue till 11700 which is a psychological too.
In this market I will utilise buy in dips strategy.
Levels- 11550 if coming on this you can buy
Above 11600 go long
I am expecting gap up opening.
NIFTY VIEW for 30/OCT/2019Today we saw a very good move and long position build up. Today’s resistance point was 11800 and it worked very well today’s high is 11809.
What Next?
I am bullish and looking for more 170 points of move in tomorrow session and and it will touch 11970, “The market which was already trading with a positive bias picked up momentum after media reports suggested that Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of tax alignments for equities in the coming weeks in a bid to further boost investor sentiment, sources in the Finance Ministry and NITI Aayog told CNBC Awaaz.”
Source- Money Control
Levels- Long @ 11770, SL- 11740 TG- 11970(for two days view)
Buy on dips