Bearish ABCD Pattern Rules Find AB Point A is a significant low Point B is a significant high In the move from A up to B there can be no lows below point A, and no highs above point B If AB, then find BC Point C must be higher than point A In the move from B down to C there can be no highs above point B, and no lows below point C Point C will ideally be 61.8% or...
PLEASE NOTE:- THIS IS A VIEW ON NIFTY INDEX NOT A SUGGESTED TRADE SINCE I DON'T TRADE WITH MONTHLY POSITIONS !!CAUTION!! IN NIFTY INDEX -AS WE SEE THERE IS A CLEAR DIVERGENCE IN NIFTY INDEX ON MONTHLY CHART -MOMENTUM INDICATORS ARE LOSING MOMENTUM -CLEAR "DIVERGENCE" IS VISIBLE ON THE INDEX MONTHLY CHART -WE HAVE CLEARLY HIT RESISTANCE ON WEEKLY CHART...
Nifty is forming Triple Divergence on monthly charts and should form a long term bottom in December month. The top would be around 12324-12350 and the minimum downward target from that top should be channel support 11000
NOT A CLEAR SIGN RIGHT NOW..ADDED 1 MORE LINE EITHER SIDE BRAKOUT GIVE U 300 TO 500 POINT MOVE THANKS
Using the resistance levels in red box can go short with greater R:R
Indecisive street holds the major indices in a tight range for the week, looking for further cues it is still unclear which direction it would resume going forward. Nifty and Nifty bank respecting our supply zones of 12016 and 30641 respectively as mentioned in the last report. Nifty continuing to be in uptrend holds a key supply zone of 12016 with a stop loss...
IDFC FIRST BANK: The stock has taken support at multiple pivots and bounced with strength. The momentum is positive as shown by MACD as it is above the zero line in positive mode. The RSI is displaying strength above 50 levels on the daily charts. A strong close above 43 will be very positive with stock and it can move to 46 levels. A move below 40.50 will not be...
In an early day we can expect a rise towards 30881 which is seen as a resistance zone for BN.... if held we can possibly see 30546-30455-30339-30017
Weekly: Nifty witnessed good amount of volatility this year. 12k was tested in May-June apx 4-5 times. Back again, it got tested last week. However, the buildup seems interesting with huge green candles making its way to reach 12k which shows strength of the move. Last week, Moody's news played its part and we had a small red candle when people in general were...
For Swing and Positional Trading... Caution:- Education Purpose Only...
04 - 08 Nov 19 Strong resistance is seen around 11970-12118 area were W5/C/(B) completes expecting a strong selloff to happen around this zone Going short on break of 11843 will be a good idea refer chart for possible W (C) tgt as mentioned Happy Trading ....Respect Risk
Today 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...
Festive season brings out some cheer for the street, inching the indices higher towards their all-time highs. We had few shorts which would have triggered as mentioned in the last report for Nifty at 11839 and the Nifty bank at 29674. It is suggested to strictly follow the zones and have stop losses in place. Some disappointment in numbers pertaining to PMI and...
#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...
Today 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...