After, making a Cup and Handle Pattern nifty is trying to consolidate to at nearly support range. Can be considered as an opportunity to buy on every dips with following levels: Buying Range: 11850-11900 SL: 11700-11650 Tg Range: 12110-12250 for coming days. By Investiture.in
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...
The movement of Nifty was directionless this week. From last three weeks Nifty has kept traders on the edge and has been teasing both buyers and sellers. We can see a tri star doji formation on the weekly charts at resistance, tough doji does not mean outright sell, it depicts chaos and confusion. We should not discount the fact that the trend is up and yet no...
NOT A CLEAR SIGN RIGHT NOW..ADDED 1 MORE LINE EITHER SIDE BRAKOUT GIVE U 300 TO 500 POINT MOVE THANKS
AS YOU CAN SEE IT HAS TAKEN SUPPORT ON LOWER TREND LINE IF THIS SUPPORT IS INTACT GO LONG WITH TARGETS 11930 AND THEN 12066.65 AND IF LOWER TREND LINE BROKEN ON CLOSING BASIS THEN GO SHORT WITH TARGETS 11803 AND 11693 GOO LUCK NOTE: TRADE AT YOUR OWN RISK
NIFTY BUY ZONE 11550-11560 STOPLOSS IN RED TARGETS IN GREEN (NOW NIFTY DIRECTION SHOULD BE CLEARED) :)
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...
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
Strong resistance seen around R1 31002-31069 & R2 31635-31749. BN @31115 which is R1 zone ...breaking the levels can move towards R2 use the levels to short with strict stops Respect risk....Happy Trading
HDFC LIFE: The trend has been dominant up, the stock has doubled in just eight months time. During thr the last couple of weeks, the stock has been into correction. Now taking rest at the kumo. The RSI is also bouncing from the bullish oversold extreme. MACD is into bullish zone, prices are trading below the ks line, a move above the KS line will re establish...
For Swing and Positional Trading... Caution:- Education Purpose Only...
BANK NIFTY: The index was over performing Nifty for the day, closed positive on weekly basis. Hovering around the breakout levels. Most of intraday’s gain was given away. The trend is up as RSI is well above the 60 levels. Any pullback to 30250 will be a healthy pullback, below it the index may further drift to 29350 levels. Any positive price action between these...
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...
Today we saw consolidation at the upper level. And formed a bearish candle with rejection from lower level on daily chart. What Next? Above - 11880 go long for 11967 - I am expecting this to work Below- 11814 go short for 11755
Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926. Now on the daily chart it has formed long upper shadow with little body. @What next? By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly...