SBIN CMP 316 Link to previous post The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels - the stock has touched upper end of trend line and has stepped down signalling it to act as resistance - 305-312 is important level for SBI on the lower side Given the set up one may consider Short Strangle strategy for...
i feel that bank nifty must remain range bound and should stay between 24800 to 25100 the moment it closes below 24800 a sharp fall can be seen immediately !!!!!!!!!!!!
positive as long as it is above 349 will sell if breaches 341
WILL WAIT AND WATCH AND THEN DECIDSE WHAT TO DO... UNTILL THAN ...relaXXXXXXXXXXXXXXX
AVOID BPCL IN NEAR TERM
CAN TRAVEL IN A RANGE
Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles. Trade for Long: Buy above - 666.50 Target 1 - 668.75 Target 2 - 670.60 Stop Loss - 664.50 Note - If the...
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...
VIP Industries forming Symmetric triangle.... very soon we are going to see a breakout.. RSI is heading towards downward direction in daily charts... And in weekly and monthly charts it is looking little overbought ... May this scrip heads down for a correction.... I am neither bullish nor bearish... Just waiting for the breakout candle and trade with that...
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst
Triangle formation on Reliance. in this triangle price will break any side, either long or short. hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend. Anyway keep until the buy or sell initiate the level. Trade Idea: Long Buy above - 1000 Target 1 - 1006.50 Target 2 - 1012 Target 1 points gain - 6.5 Target 2 points...
S&P 500 has broken trendline support on weekly chart. Monday will be crucial to know in which direction it is going..till then it is wait and watch