Wipro crucial zone, Breakout Or Excess?Honestly, I am not sure that its an excess or a breakdown but, volume is normal.
Normal volume indicate that, if price not bounce OR not create a TAIL before the close then its breakdown. Let wait and watch this closey for learn.
Yes traders and investors eye will look for this stock to buy at this area 265-268 is great to buy with stoploss 265 below and target should be above 281 and 291
NSE-INDIA
Intraday + complete view on NIFTY A " Spike " can generate after breaking-out area between Value High to Contro Price . The " control price " always attract value toward it.
The intraday Resistance 12003 nearby and Support 11936.
There is actually two channel, One is a " major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
Nifty is not good for more up move.I am trying to publish since 15 min. but There is something wrong my internet or in trading view. it's little late.
Selling at a value high it good.
Resistance 11912 to 11894.
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(GST) for June stood at Rs 99,939 crore. It slipped.
Rupee settles 9 paise higher at 68.94 against US dollar.
Something is cooking behind Individual traders.Chart Projection might be required to correct. Something is cooking which cannot see by normal trader's eye. After the big move, the price will its own normal channel. The market is not going to close permanently, therefore don't get hurry with greed or get fear.
Gap up.
Price Rejection.
Fundamental points to be considered for traders:
Media believe, GDP kept in the interim Budget.
Union Budget.
Smart Money, Foreign Institutional Investor (FIIs), Huge Fund managers, etc where are you they want to move?
timeCycle, Tail, future projection, new fair value on NIFTYTimeCycle will help you to verify the target for a time. If everything is normal then NIFTY will take turn tomorrow on downward.
Pivot level is upside and buyers can take its benefit for profit booking.
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Opening analysis for intranet and positional on NIFTYThe price following "co ntro l price" and in the starting nifty fall will give power by control price 11655 nearby as support.
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A 38% Fib. Retracement existed 11665.
News and Points to cover for today:
SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve.
Gold rises to near 6-year high on dollar weakness, US-Iran tensions.
Rupee rises 23 paise to 69.35 against US dollar.
Oil prices steady, US-Iran tensions remain in focus.
There is not bigger new for India Markets .
Expected Up SPIKE on ESCORTS.
Selling activities is over on stock.
Major move longer than manor move.
An excess detected at Value Low with buyers.
Suppose to price rotation and, price move 562 above will give you solid SPIKE as target nearby 607 and target 638 nearby.
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You can also share your prediction or view in the comment section.
TATAMOTORS, Try to WALK with an Investors. Last two candle created a remarkable form. This is not actually high accurate sign for up move. Yet, Investors understand the inside movement of this stock.
Suppose to take entry in this stock between 156-157.5, then protective stoploss should be below 152 and first target 168- 171 and next for investors 180-190.
At ATH for TCS, create the attracction of SELLERS.The " Excess " is always good for trade. The 2297 ATH which the value where sellers will attract to short this stock in FUTURE nse for target 2240 nearby and gravitation of " control price " target is at 2217.
Note: this all levels are for equity and short should be in the future.
TCS is trading at "value high" . I prefer to trade alway above the value high on the short selling side. Daily " timeFrame " is used for understanding a clear picture of direction.
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2-scenario on BANKNIFTY, Which one is for you?I have plotted here 2-scenario where BANKNIFTY can move beside.
What are the points to confir m the direct?
The following points should be considered while taking action.
find the where are low risk (stop loss) and higher target
down-side more preferable to keep our trades presently.
control price will give you hit and more accuracy to trade here.
etc.
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Sellers pressure on NIFTY will push price...!There're two scenarios created by NIFTY.
Previous support 11816 existed.
Control price attracting value to 11841.
Sellers pressure will lead price toward value low at 11802 nearby.
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Seek first to understand what is going on BankNiftySeek first to understand what is going on BankNifty, to be ready put order.
The price is trading value low which is always good for a long entry .
If there is neither any news nor wrong , the control price will attract the value towards it
.
At the excess, traders can take a long position with stop loss as a comfortable risk for the target at 30800 above.
In case this topic will be interesting for you, we will continue updating this idea and post more information about our strategies. Sometimes it is much easier to predict any price movements than we used to think. If you found this idea interesting , do not forget to LIKE it and subscribe to the profile, so as not to miss our updates!
NIFTY, Value High and expected consolidation.Corrected in value area for NIFTY.
We have seen the result of Lok-Sabha election. Therefore, the market index is not going to change its trend nor channel. In the value area, price is moving Value High and expected consolidation control price to value high .
A Trader can take benefit of this Value Area.
This market is looking to build a long-term portfolio to invest.
Intraday trade setup for NIFTYBuying and selling should be near support and resistance.
Resistance at 12000 nearby and Support 11807 nearby for small value area.
Detection of two excesses on the chart.
Note: this is a small value which is not reliable as compared to higher, therefore I can say trade with a small stop to loss. Reliability is 85% around.
Intraday Trade SETUP for BANKNIFTYThe small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby .
NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live mkt hrs.
BANKNIFTY, When to take action?When to take action?
Answer: buy when the price is below value low, and sell while price makes excess above the value high.
The Control price always attracts the price which your profit booking zone.
I'll take action only when making an excess.
This is view of Turning Point trade.