NSE-NIFTY
ADANI PORTS ON 15 MINS CHARTAdani port has made Triangle price action pattern. It can also be called Ascending triangle. As we have discussed earlier a lot of times that Ascending triangle is a neutral pattern n it can give breakouts or breakdown ie can move either side up or down. Traders are told to hold target of the exact price range of triangle patterns high n low. Trade safe. Look for long setup when pattern is broken with good volume & vice averse for short trade too.
ASIAN PAINTS ON 15 MINS CHARTAsian paints on 15 mins charts is making HEAD & SHOULDER PATTERN and we believe that neckline is broken with good bearish pressure with increase in volume.
1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good Fibonacci 50%, which is exactly at demand zone. Also the length or price area of LENGTH A,B,C IS EQUALS which qualifies fir good short setup. Trade safe.
TATA POWER ON 30 MINS CHARTTata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is approaching towards FIBONACCI 61.8% level, buyers are getting weak. As this is 30 mins chart we believe TATA POWER can end up in a range bound market for upcoming week. Trade safe
BANDHANBANK - Long (For a med term investment )Can we expect a reversal?
I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term
Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the position.
Will see, nothing specific - just a good pattern and entry with a small SL.. :)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
#nifty50 #NSE #nifty #bse #options NIFTY Analysisnifty looks bullish here on. there is no further selling pressure visible on chart. Sellers has not carry forward their short position. bulls are trying to control the price and sellers are losing control. 13480 to 13500 can be tested at lower side. after that we can aspect a good bounce from their.
BHARTI AIRTEL GOT MY ATTENTION! IS IT WORTH IT?Hey Traders,
Rv here
Hope you guys are making handsome ammount in trading,
and if you are not
here is a chance for you to get into a good trade
"BHARTI AIRTEL" - Looks quite interesting as it's retracing back after breaking a Important Resistance Level
So Enyter if The Price Touches 497-500 area
SL about 493-495
Target- Let It Run
Hope it will help
If its useful please do like my post
Thanks!
-RV THE TRADER