The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
Long white day candle was formed where the price is up by crossing the previous 3 days of the candle.
Control Price (ii) which is spot nifty target (11540) and resistance nearby it. Notice, many times "control price (ii)" shown its strength.
The possibility of Profit booking can be 11525-11580.
Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.
Above all levels are for a spot.
Key Levels for NIFTY50 are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also join...
Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal.
Stoploss - 88.65
Target 1 - 99.05
Target 2 - 103.35
Target 3 - 107.30
This content is for information and...
Fantastic real-time TRIANGLE pattern on ITC
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE(means big and surge move)! Changing in volume will provide you...
Had Bought the stock yesterday( Infy Long) as per the linked idea below.
Now moving stop loss at break even( Buying price of 815.70)
Even if it comes down i don't loose anything, but if it goes up i make some money.
Always respect the unpredictability of the markets and take the profits when they come.
Always keep your trading professional
Maruti completed a bull phase with supply seen in the 8450 - 10000 rectangle zone.
The scrip appears to be breaking out of a year long downward channel move on the back of rising demand as seen in the volume with reasonable accumulation.
Stop Loss: 6650
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->14thOctober 2019 to 18thOctober2019
NIFTY IT moves around +286.85 pips from 14thOctober 2019 to 18thOctober2019, in which nifty IT did not break last week 07th October 2019 to 11th October2019 top nor bottom.
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->14thOctober 2019 to 18thOctober2019
Bank nifty moves around +1206.25 pips from 14thOctober 2019 to 18thOctober2019, in which bank nifty break last week 07th October 2019 to 11th October2019 top 28857.70.
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 14thOctober 2019 to 18thOctober2019
Nifty 50 moves around +394.65 pips from 14thOctober 2019 to 18thOctober2019, in which nifty 50 break last week 07th October 2019 to 11th October2019 top 11362.90.
Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle.
RSI(14) indicates a build-up in strength.
Nifty is in ascending triangle pattern, which can give movement if it breaks the black line and closes below 11385 and it will go up if it closes above the red line and closes above 11395.
According to technical analysis and pattern, Nifty is showing a positive trend today.
Targets are 11415, 11440.