NSE-NIFTY
Metals Short Term BuyVEDANTA is deliciously poised at 200 SMA.
It's been following the metals index as expected.
After a correction following strong rally, this ting is poised to bounce back.
300 at least.
NIFTY Long Setup - BULLS Re ChargedNIFTY has taken support from 61.8% fib retracement which is good sign for BULLS. All set to go for a new high :)
NIFTY HOURLY CHART - Bears got some powerCharts looks weak. Bearish trend might continue. All eyes on 9700. Lets hope for the best
AuroPharma Buy Setup!Auropharma is giving a buying opportunity towards 50% retracement. One can go long at current price with stoploss below 620 and targets around 760. I could go even higher but conservative targets around minimum of 760. Buy & Hold with Stoploss.
Happy Trading!!
Zeel Buy Setup!!Zeel is giving a Buying Opportunity above 445 when it breaks the down trendline completing the current leg of correction. I would trade it long with a stoploss around 424 and Targets around 500/510 levels. This could be a corrective price action or a new impulsive wave.. Evidence will be seen as to which form of wave is forming based on the price action and how steep or shallow the rally upwards is going to be.
AuroPharma Potential Short Setup!AuroPharama is giving a Potential Short setup for Wave C down for ABC correction. One can short at current levels with stoploss just above 731 and Target around 670.
AxisBank Buy Setup!!Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..
JetAirways Potential Buy Opportunity!!JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond..
Happy Trading!!
Nifty- Let us solve the puzzle above 8210-Wave (2) continues..Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2).
The depth of the wave cannot be determined in current state & its shape but we will move as the market moves.
Going above 8210 -key level in upcoming session- This wave will extend & can go even beyond 8600 because ((x))-wave extended below the origin of ((w)) -wave which was 8002.
2 features clients could use
- Every previous chart will have load bar facility shown at the right side as arrow -which can be clicked to see how analyst prediction went & how correct he was in his analysis.
-In new & current analysis -one can use the alarm feature which is present in the update name so that one can keep an eye on analyst prediction- if it starts moving as he predicted which will help one to decide whether he wants to trade the setup or leave the same.
Related Analysis attached below
Traded x-wave with double top at 8600 & other analysis.
Triangle Breakout - Study Purpose OnlyExpecting 95-100 Next Target. Would like to get the comments from Seniours Tech Analyst.
Can we say it is a Traingle Breakout? Do you think the draw is fine? Please suggest me and Educate me :)
Thanks.
Learning Post : Can we Say it's a Flag Breakout?How can we set the target if Flag Patter is building? More Details on Flag would be appreciated from the Experts and Seniors. Thanks.
LT : Bounce Back from support zoneA lot depends on today's open whether to trade this setup or not to trade. If there is Gap down below our zone trade become invalid in LT or on bearish close - no trade. If we get pullback on 15mins to our support zone or open near our zone it will be awesome risk : reward setup to take the long trade in LT
ACC Bullish Flag Pattern!!ACC is giving a Bullish Flag Pattern Consolidation.. One can Buy ACC at CMP with stoploss just below 1650 and Targets around 1725/1750. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
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