Moving Averages
NIFTY INDEX VIEW FOR THE MONTHNOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index
NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
If i am wrong then we shall use the upward sloping trendline as to exit the trade.
Reasons for a upside breakout
Note that i had given a long trade on banknifty on thursday on the basis of crucial support nearing and the
"GOLDEN CROSS".
10700 nifty put option has seen great amount of put writing and call unwinding.
Although 10800 call option has seen some writing but the initial opening of the index above 10830 shall
spook them.
That will be confirmed once market sustains above 10774-10830 for inital hour that will lead to some
serious short covering.
If you notice the small picture you can see a clear trend emerging for e.g the 20-dma is about to cross the
200-dma but the bigger picture is where the 50-dma is evenutally rising and will finally cross the 200-dma in
fews days time(15-20 days period) giving as a "Golden Cross".
Shorts might get trap,Symmetrical triangle breakout can be expected on the upside and moving averages
showing us a picture.
PLEASE NOTE
"I MIGHT BE WRONG TRADE WITH YOUR OWN DISCRETION WITH STRICT STOPLOSSES"
ITC LOOKING BULLLISHITC LOOKING BULLISH AS PER FIBONACCI LEVELS AND HULL STRATEGY CROSSOVER OF SIGNAL LINE TO UPSIDE ZONE.
EVERYTHING MENTIONED IN CHART.
GOLDSHAREUptrend in continuation.
Longer term EMAs are intact. MACD crossover happened.
It might give good move.
PEL Looking Good For Swing TradingPEL Daily Time-frame.
It as tested EMA 20 several times and took support.
Currently, It has tested EMA 20 and formed Inside Bar.
If you switch to Weekly and Monthly charts, both are in up trend and in pullback mode.
Just my observation, no recommendation to buy or sell.
ADANIPOWER Target 29.6/27 with SL of 32.5clbs. CMP 31.25ADANIPOWER EMA20 crossed below EMA50 in 30 min chart.
Very rare situation..!!!Very rare situation..
Faced RESISTANCE on 100 MA
& took SUPPORT @ 50 MA
on a single day..
CHENNPETRO for Swing TradingTime-frame: Daily
Price broke out of EMA 50 and also crossed last swing high of the down trend.
After breaking out price is in pullback mode which formed long tailed pin bar.
By looking at the pin it is seen that price is taking support on EMA 50.
MACD also confirms up trend as it has crossed zero line.
Looks like it is end of down trend.
RELCAPITAL is For Swing TradingPrice broke out of EMA 50, after giving breakout it is in pullback mode.
Looks like it has formed inside bar after breaking out of EMA 50.
MACD also confirms up trend as it is facing up and crossed zero line.
Risk Reward ratio would 1:2.
CASTROLIND is For Swing TradingPrice broke out of EMA 50, after giving breakout it is in pullback mode.
Looks like it is taking support on EMA 50 and formed inside bar.
MACD also confirms up trend as it is facing up and crossing zero line.
Risk Reward ratio would 1:2.
ENGINERSIN for Swing TradingENGINERSIN can be bought for swing trading.
Price broke out of EMA 50 and also crossed previous swing high.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed bullish pin bar and after that pin bar it formed inside bar.
MACD also confirms an up trend and facing up and also moving towards zero line.
Risk Reward 1:2.
TORRENTPOWER for Swing TradingTORRENTPOWER can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar and also it is bullish pin bar .
MACD also confirms an up trend and facing up and also moving towards zero line.
Risk Reward 1:2.
AMARAJABAT For Swing TradingAMARAJABAT can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar .
MACD also confirms an up trend and facing up and also above zero line.
Risk Reward 1:2.
CONCOR for Swing TradingCONCOR can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up, it formed Bullish Pin-Bar.
Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA , formed inside bar .
MACD also confirms an up trend and facing towards crossing zero line.
Risk Reward 1:2.
IBULHSGFIN is Still Buy For Swing TradingIBULHSGFIN can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up. Yesterday it formed inside bar now today it has formed bullish pin bar which shows it is taking support on EMA 50.
MACD also confirms an up trend and facing towards crossing zero line.
Risk Reward 1:2.
IBULHSGFIN For Swing TradingIBULHSGFIN can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA, formed inside bar.
MACD also confirms an up trend and facing towards crossing zero line.
Risk Reward 1:2.
IOC For Swing TradingIOC can be bought for swing trading.
EMA 6 crossed above EMA 18 which shows the trend is up.
MACD also confirms an up trend.
Risk Reward 1:2.
BPCL For Swing TradingBPCL can be bought for swing trading.
EMA 6 crossed above EMA 18 which shows the trend is up.
MACD also confirms an up trend.
Risk Reward 1:2.
Wockhardt on the wyckoff zoom lensDisclaimer... not invested
not an inventing /trading recommendation
ACCUMULATION VS REDISTRIBUTION DILEMMA NSE:JINDALSAW BSE:JINDALSAW
Disclaimer... Invested, not an investing/trading recommendation
My thinking process has been described and plans following
