Will buy-on-dips strategy work this time? This is the best setups for bulls - buying on dips and a jhat-pat trade. The resistance turns support at 8,970 (pink line) will be crucial for bears to break. The recent rally in the range of 9,000-9,200 seems to be disheartened for bulls. The rangebound session with index being firm above 9K express positive yearly...
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
buy around 196 sl 192 target1 198 target2 202 time frame 3,4 trading days
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Stock giving breakout with good volumes. Also, RSI & MACD are in buy mode.
The stock has formed a beautiful MPL and Action Reaction method is suggesting that price may get reaction at this level. One can short the stock now with appropriate stop loss and can expect the price range 116 - 114. RSI is coming out of Overbought zone confirming the potential short.
Bullish Wolfe Wave, Positive Divergence of RSI and Price equality in 4-5 move.
* Bullish Harmonic * Overbought RSI * Overbought Stochastic
The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.
The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.
Nifty has reached at interesting level as per Action/Reaction method taught by Andrews. A price reaction is expected at this level. Although the market seems to be in strong bull grip but I would be very cautious in taking fresh long trade now and start looking for shorting opportunities. RSI is also in extreme overbought zone confirming the view. Friend can watch...
With reference to learning series of Action/Reaction one can observe how these forthcoming lines work.
* Dumpling Top * 50% Fib retracement * Gap at play * Negative crossover on Stochastic * RSSI sloping southwards
* Bearish AB=CD * Overbought RSI
* Bearish AB=CD * Probably false breakout * Divergence on Stochastic > Test of ~4750 on cards > View negates above 5K
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.
Nifty slowly drifting down is having occasionaly bear climax bars and moving down. Here, both bulls and bears not doing a great job. Bulls not have the force to pull nifty up and bears dont find excited to push it hard. Trading in channel nifty is at the bottom of the channel and made a doji bar followed by a bear failure bar, continued by a bull body bar. so...