I won't bullish stil on nifty.8130 nearby strong resistance at value high .
If U-turn exist with new low, target will be 7330 nearby and target of control price is at 7107.
As far as crossing the level 8330, I won't speak about bullish .
NSE-INDIA
ATR will help you to understand news also.If any positive new related to Coronavirus (COVID-19), the price not bounce from daily ATR . The plotted channel is range of future move and untill solution.
We have keep patience and understand the increasing affected number of people.:
more than 100comments and LIKES. . . YESBANK ... Do you remember? I remember SATYAM and YESBAN K for life time.
TATAPOWER, cought the bottom by me.Low Rs. 33.85 (Support Rs. 33.35 )
Created high Rs. 42.7 on Friday .
Little correction in easy target Rs, 43.35
Hope, you enjoyed this analysis:
Bloomberg Fibonancci Analysis on NIFTY.
---> My eye always travels from right to left looking at the more recent data and scanning back when I apply FIB RETRACEMENT.
As a trader, you now want to know where the market should not go . As per this statement, 10709 is a very crucial level.
If the bottom is still not out then, Resistance and Confluence zone at 100038 .
I have applied here 3 Feb Retracement to find a CONFLUENCE ZONE which always reacts for traders.
TimeCyle and Channel, both are +ve on TatatSteelJust observe the chart minutely. Everything is +ve on this stock except the Indian market index.
We already cought the top in past. but now we are going see bottom soon on this stock.
Low of tataPOWER 33.85. Let's see now. Below URL has complete trade setup for TATAPOWER ,
Low of TATAPOWER Today is @33.85
Trade Setup for you, TATAPOWERTrade Setup :
First Buy @Rs 36 nearby
2nd Buy @Rs.33.35
Eye on the long term:
Major Supports and Resistance
S 36
S 33.55 as per channel
Again with CUMMINSIND, close eye of investors.
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 483 nearby are the best level for short term holding.
There's 2 targets for investor and swing traders.
First is easy which mentioned the chart.
2nd target is the gravitation target.
I will update shortly, small timeframe chart for this stock more clarity of entry and target point.
Do you remember the last trade on this stock ?
PROFIT made from this stock:
This was our ENTRY points:
This stock is not bad for your portfolio as given priceLook at the chart. An excellent level for Investors.
We want to enter for long side on this stock in next week.I told you this stock for short selling , now we will catch this at botto m shortly. I dont think that this stock going make new of this year.
Check the below chart of last short selling result :
Enjoyed this complete research on banknifty?Direct fall to target, actually I have sold NIFTY march future @11372 (still holding) and also informed who are connect with me.
This is reference to trade. :
This stock can be bullish, INDUSINDBK but, confirmation for youVolume should be rise, + price surge will be sign of reversal.
I am expecting GAP u p.
For the CLOSE Vie w :
Double Top reversal pattern plotted on BANKNIFTY.Daily TimeFrame :
Pattern name, Double top
The prior trend was an uptrend.
2nd peak has less than 3% penetration compare to 1st peak which is valid for the pattern.
Gap has seen in second peak.
Neck Line is clear at 26576.
A trough is rounded as per Double Top required.
a decline in the second peak with accelerated descent
Currently existed support at 28458 ( resistance turned support ).
After breaking 28458, we can see next level 27466 which is a retracement of 0.618.
All major supports and resistances are plotted on the chart from 2012 to 2020 with the strong an d tight chann el.
Here are two channels being seen in a large channel drawing a small channel inside a chart. A small channel having support which is sign for reversal at the support 28147 (Resistance can be current support)
nifty levels for reversal from channel.Events and reaction :
coronavirus infection in China
co-relationship of global markets
Technically, the channel is strong and support is at 10945 and 10740 .
I've also added TimeCycle to find date of reversal.
Almost 120 points fall predicted on TATASTEEL.Almost 120 points fall predicted on TATASTEEL .
Reversal can be from now. So i suggest to book profi t on this stock.
Look this chart was updated by me last month. Almost 120 points fal l from my short-selling level.
