NIFTY - this is a good zone to look for some potential rotation or consolidation. will be prepared for the following scenarios. At this point we are hitting a red zone which has seen a bit of hold way back.. need to watch if that is respected.
On the downside.. the green zone which acted as a multi month consolidation should serve as a strong buffer for any pullbacks
BYKE, looking to push through resistance right here. Find out why we could see new highs this afternoon if close or moved above 35.
Looking at the trough it seems that there is no blockage of any kind to move the price up.
Buyers are increasing from 33, if price move 35 above is no worry for Inevstors or Swimming traders too.
Past Resistance has been broken...
A retracement and trendline has been show in the chart. Trendline appeared in the chart is a strong resistance that can be not overlooked.
Another plotted thing is for future prediction for BANKNIFTY.
Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Trading Strategy
Plan A - Sell below 11265 on...
Due to illness, i was unable to come online because I was in hospital for the whole day.
Today, Nifty made strong bullish candle but, its having final and strong trend line resistance.
Trendline Resistance 12000-50
H & S pattern,
Generally Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223...
BANK NIFTY: WEEK-TECH-SHEET-> 4th March 2019 to 8th March 2019
Bank nifty moves around +857.40 pips from 4th March 2019 to 8th March 2019, in which bank nifty break last week 25th February 2019 to 1st March 2019 top 27197.10.
As mentioned on reference 09th February 2019 evening order
Bank Nifty attained target 1 & 2, yet to attain target 3 & 4
Target 3:...
My idea about reliance on monday .
After a big impluse wave its clealy making a bullish flag.
i am bullish but you can DYOR(Do Your Own Research) .
on the chart green and red lines showing the buy and sell zones.
lets see what happens.
GOOD LUCK
TARGET ABOVE GREEN LINE -1310
TARGET BELOW GREEN LINE -1250
We have a good pattern of head and shoulder on hindustan uniliver which is broken with a good volume.
One can go short here here and look for target i have on image above.
if you look carefully youwill notice that, stoock is moving in a range, so this is best entry according to me, every trade has risk thats why we put stop loss to
Given chart we can clearly see that SRTRANSFIN Took support exactly at 78.6 Fib level
If it trades below this we can see the 61.8 Fib levels in Near future within 2 days i think.
TARGET 1- 1192
TARGET 2- 1180
TARGET 3- 1160 FINAL TARGET
GOOD LUCK
BANK NIFTY: WEEK-TECH-SHEET-> 25th February 2019 to 1st March 2019
Bank nifty moves around +477.70 pips from 25th February 2019 to 1st March 2019, in which bank nifty break last week 18th February 2019 to 22nd February 2019 top 27100.90.
As mentioned on reference 09th February 2019 evening order
If it continuous to break 27589.75
Buy @t Entry: 27600
Stop Loss:...
Buying between 216 to 221 is not bad idea.
This stock has lot of chance breakup and targets 257-263
suppose to it break with volume then, target will extended as 278-283.
NIFTY IT: WEEK-TECH-SHEET-> 25th February 2019 to 1st March 2019
NIFTY IT moves around +374.55 pips from 25th February 2019 to 1st March 2019, in which nifty breaks last week 18th February 2019 to 22nd February 2019 top 15948.10.
REMEMBER NIFTY IT 2018 TOP: 16360.60 (OVER ALL TOP)
NIFTY 50: WEEK-TECH-SHEET-> 25th February 2019 to 1st March 2019
Nifty 50 moves around +210.40 pips from 25th February 2019 to 1st March 2019, in which nifty 50 break last week 18th February 2019 to 22nd February 2019 top 10808.85.
As mentioned on reference 09th February 2019 evening order
If it continuous to break 11118.10
Buy @t Entry: 11125
Stop Loss:...
Greetings friends. I'm excepting the market to reach a level of 567 If it breaks the box. If not, buy and it's target is the previous upper box level. Make sure you catch it. Hope y'll find this useful. G'day guys.
