Niftytarget
Nifty 10,700- Big fall expected within one weekBearish divergence in RSI and MACD...
Take long position around 10,700-10,900
Sun Pharma - Golden Crossover is on the cards.Sun Pharma - the gap between 50 n 200 EMAs is less than three rupees, 0.7%, we know how significant is this.
We can also see a trendline connection earlier tops, which may see a breakout as soon as on Monday (Jan 14th).
Buying above 448, with a stop loss of 436, for immediate targets of 464.
Traders using derivative tools, may use vertical bull spread, once it closes above 448.
Options OI are not supporting a long position at this stage, but this can be evaluated again.
I generally avoid suggesting trading using naked futures or options, strategies help in reducing risk but also empower positional traders to remain in a position for longer periods and grab bigger profits.
You may send me a direct message for any clarification, and low risk strategies to trade for short term gains.
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VenkysThe 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..
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
NIFTY IT moves around +476.85 pips from 19th August 2019 to 23rd August 2019, in which nifty IT break last week 12th August 2019 to 16th August 2019 top 15822.40.
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019
NIFTY IT moves around +380.35 pips from 22nd July 2019 to 26th July 2019, in which nifty IT break last week 15th July 2019 to 19th July 2019 bottom 15363.05.
NIFTY IT: Breaks March Bottom: 15202.05
NIfty Elliott wave analysis for 5th july(Budget day) 2019Pattern from low 11625 is also complex. Trading strategy should be sell nifty with strict stop loss of 12001 for the targets given on chart. It can also go below 11625 if bounce from 11625 is wave X2 of Triple zigzag correction.
Nifty Elliott wave analysis for 3rd July 2019 onwardsTriple zigzag pattern is violated as of now and if nifty completed correction at 11625 as double zigzag then nifty needs to go for new high very fast. Any consolidation below 12000 would indicate its still in X2 of complex correction. Will update if found an exact pattern.
Nifty Elliott wave analysis for 1st July 2019It seems Nifty currently in triple zigzag correction and will complete its last abc below 11625(most probably in an ellipse drown in chart). So Nifty needs to go below 11617 before breaking upper wedge line. But if it breaks upper wedge line before going below 11617 then we could conclude that correction is completed at 11625 as double zigzag.
Nifty Elliott wave analysis for 26th june 2019Decline from life time high 12102 is seems to be corrective and looks like double zigzag in which 12102-11770 as first abc, 11770-12000 as X and 12000-11625 as second abc. Now If correction is completed at 11625 as double zigzag then we will see new high above 12102 OR pattern could also turn in to Triple zigzag(In which one more low below 11625 is possible from 11870-11921 range). As of now nifty needs to bounce in the range of 11870-11921. and from there we will see further possibilities which explained above.
NIFTY 50: WEEK-TECH-SHEET->10th June 2019 to 14th June 2019ghstocktrading.webnode
NIFTY 50: WEEK-TECH-SHEET->10th June 2019 to 14th June 2019
Nifty 50 moves around -202.65 pips from 10th June 2019 to 14th June 2019, in which nifty 50 did not break last week 3rd June 2019 to 7th June 2019 top nor bottom.
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019
NIFTY IT moves around +670.95 pips from 27th May 2019 to 31st May 2019, in which nifty IT break last week 20th May 2019 to 24th May 2019 top 16009.65.
NIFTY IT: Breaks April Bottom: 15662.55
Nifty Support and Resistance on DailySupport of Nifty is at 11259.85 at the bottom of the green candle on the 17th of May, while the resistance is at 11497.9, which is the close of the candle of the 7th of May.
NIFTY 50: WEEK-TECH-SHEET->15th April 2019 to 19th April 2019ghstocktrading.webnode.com
Nifty 50 moves around +207.90 pips from 15th April 2019 to 19th April 2019, in which nifty 50 break last week 8th April 2019 to 12th April 2019 top 11710.30.
As mentioned on reference 15th March 2019 evening order
Nifty 50 attained target 1,2 & 3 yet to attain target 4
Target 4: 12090
Nifty Elliott wave analysis for 18th march 2019 onwardIt seems Nifty is in wave 3 of (C or 3) and if 3 completed at 11487 then wave 4 retracement levels are 11313-11206 and for upside 100% and 123% projection of wave (C or 3) is coming at 11566 to 117098 respectively.
Nifty Elliott wave analysis for 6th march 2019As of now consider 10944-10914 as support levels. And only below 10914 we can think of downside reversal.
If wave C started from 11118 completed at 10585 then nifty needs to bounce sharply above 11118.
Nifty Elliott wave analysis for 5th march 2019Pattern is indicating minimum decline towards 10689-10644 range. 10940 can be the Stop loss for this trade.
Nifty Elliott wave analysis for 27th feb onwardPattern at low 10585 is indicating irregular correction which is caution for longs and Nifty can go below 10585.
NIFTY 50: WEEK-TECH-SHEET-> 18th February 2019 to 22nd February NIFTY 50: WEEK-TECH-SHEET-> 18th February 2019 to 22nd February 2019
Nifty 50 moves around +223.20 pips from 18th February 2019 to 22nd February 2019, in which nifty 50 break last week 11th February 2019 to 15th February 2019 low 10620.40.
As mentioned on reference 09th February 2019 evening order
If it continuous to break 11118.10
Buy @t Entry: 11125
Stop Loss: 10925
Target 1: 11175
Target 2: 11191
Target 3: 11225
Target 4: 11325
Nifty Elliott wave analysis for 18th Feb 2019It seems wave started from 11118 is completed as impulse wave and it also achieved minimum projection(shown in my previous post) of wave C. And if we are right at identifying pattern then nifty needs to bounce sharply towards 10892. So need to concentrate on the wave pattern started from latest low 10620 to catch immediate move.
Even if wave C is not completed at 10620 and nifty breaks below 10620, I would not suggest to short nifty because reversal could be very sharp. so plan your trade accordingly.
Have a safe and profitable trading..
