NIFTY-NSE
Channel Pattern research on nifty with gravitating price controlLong white day candle was formed where the price is up by crossing the previous 3 days of the candle.
Control Price (ii) which is spot nifty target (11540) and resistance nearby it. Notice, many times "control price (ii)" shown its strength.
The possibility of Profit booking can be 11525-11580.
Asian Paint - Option Trade - Trade of the month till dateHare Krishna!
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Good Luck
Breakdown strategy on spot niftyStatement (1) : As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2) : Presently, Nifty is again going to high volatile as show by Remarkable box .
Statement (3) : From the timeCycle, approximately move projected by (A),(B) and (C) .
As per channel, the main support is 10525 below where investors think for the long side. The price can consolidate between 11300 and 10600 range for 2-3months. Breaking this range will create a new spike.
DOJI, Gravitating value for NIFTY.The price is attracting toward the Gravitating Value side, which is already drawn by "a", "b" and "c" . In the short time of period, how and why price again coming("d")?
At the "d" point, we've got DOJI (price rejection).
x,y, and z are the demand area from where price bounce to the upside.
The following scenario can be considerable,
1) If a price is moving more up, it will not close above 11150 above. 11181 is last rejection area.
2) For downward move, targets 10925-10950 in short term if "d" point confirm.
Expected opening flat and, Intraday R 11148 to 11181 and support 11065-55
Channel and Pattern on BANKNIFTY with tail.As per the daily chart, fall is still left but the question is where to sell ?
Detected tail in the last secession.
Let's look at a smaller timeframe chart.
Banknifty resistance starting from 27777 to 28073 as per channel.
The last update was for paid customers at 27777 for sale which was below (4).
Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. I have created a sell strategy for NIFTY
Wall Street opened lower on Friday.
Oil prices fell on Monday
Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent.
HCLTECH Short term viewHCLTECH can resist 1097 thus those who are long can book profits or trail SLs in the money. Fresh buying can be done if we get closing above 1097. High risk traders can even sell with a protective SL above 1104 for targets of 1050-40.
Trading Supports - 1050, 1030 & 1000
Trading Resistance - 1097 (Closing Basis), 1104, 1120 & 1150
TimeCYCLE and gravitating target of nifty.Reference of "time-cyclecle (i) ", We have protime-cycle]timeCyclethe (ii) for target (4rth wave) at 11280 expected 20th AUG 2019.
The control price also can gravitate the price toward 11280, if this 3rd wave is clear.
Worry for long traders 10923 below . Suppose to break this level will create a heavy short position.