In continuation of my previous post, there was a concern on the Nifty weekly chart, the RSI on the weekly charts was close to 60 levels. Now the candles on the daily charts in the last two sessions seems to pull breaks on the rally. Though the momentum hasn’t dried up on the daily, the price pattern is giving signs. 11785 is the gap area, a close below this may...
NIFTY LONG TRADE BUILT-UP SINCE WE HAD DISCUSSED IN THE LAST CHART IDEA WE ARE BUILDING NIFTY LONG TRADES IN F&O NIFTY TRADE IN FUTURES PLEASE NOTE RATES ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURES AS PREMIUM ARE HIGH BUY@11730-40 STOP@11660 TARGET 1@11845 TARGET 2@11948 ALL TARGETS ARE EXPECTED TO REACH IN THIS WEEK NIFTY TRADE IN OPTIONS CONTRACT:-11900...
Giving a look at the Nifty weekly chart. The index is moving into gap zone plus RSI is near 60 levels. Though the daily charts don’t display any caution yet, but 60 levels on weekly’s are pressure points. The week is still on, so the analysis will make sense only after the weekly close by Friday. But the exuberance is building up, emotion outburst are generally...
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HAPPY DIWALI TO EVERYONE ITS TIME TO LOOK AT THE INDEX AGAIN ON DAILY CHARTS WE ARE SEEING RESISTANCE @11650-11675 SAME LEVELS ARE EXISTING AT WEEKLY LEVELS MY SUGGEST BUY THE INDEX ONLY AFTER 11680 IS CROSSED ON CLOSING BASIS ON DAILY BASIS !!!WILL BE PUBLISHING IDEAS ON DAILY BASIS!!! FROM NOW WATCH OUT FOR BTST/STBT AND MOMENTUM TRADE IDEAS ALONG WITH PAIR TRADES
Not clear with the direction yet, but now I am looking it to go down.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup. Wait...
@18/OCT/2019 On previous trading session nifty gave a good intraday move. And it made high of near around 11695. @Weekly Analysis Since previous two week we saw a bullish movement. @Tomorrow- Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government. Market may...
The stock has formed a falling wedge pattern; broken the upward resistance trendline and is sustaining above it (Bullish sign) Consistent volumes and strength picking up. A good stock for a long term perspective..
After breaking the parabolic advance: price has fallen to almost 80% and has been shwoing a a consistent raise in volumes and strength at the bottoms.. I feel this a good buy for longterm or swing trades..
Bulls seem to be back in the driving seat for the last few sessions of the week. Another drop as mentioned in the last report would have given good opportunity to book profits for the shorts carried forward last week. However the bulls were seen returning after positive triggers from the US China meet as well as the Brexit breakthrough. The final vote for the same...
As expected, today nifty has moved nowhere, on daily chart it has formed a doji candle, which is a sign of confusion between buyers and sellers. Most important nifty has changed it’s way of movement and gone flattish. After a three days of slow bull move today it took a pause @What next? As nifty has changed market structure then its time to be cautious, My...
As expected, () nifty gave a slow move towards upside and the same we expected. @Today It broke the channel but was not able to sustain above it and came back in channel at the end of the day by forming the upper shadow, this upper shadow shows the sellers strength at the level. one more important point that we can observe here is, almost equal no of sellers and...
Levels mentioned in chart. For educational purpose only. I am not responsible for any profit or loss.
Yesterday we witnessed much volatile day, sharp upside and then a sudden fall. while upside most of the trader has trapped but those who were looking on 15 min candle it was clearly indicating a fall but nobody has expected the sharp fall. @MONDAY Now what is going to happen on Monday. Still I am looking for a bullish day, Yesterday we saw a sharp rejection...
Another volatile week ends flat for major Indian indices. The Nifty and Nifty bank both ended marginally higher in expectation of some truce between the US and China with regards to trade war. However, the street did give sellers an opportunity to go short as per zones given in last week’s report. Going ahead Nifty continues to be high on the curve and shorting...