Bajaj Finance ready for breakout Multiple rejection at monthly support zone and descending triangle makes it very good for long
Pattern
Grasim may go down tomorrow 16 April I drew this for 15th April`s trade but it will go down further on 16th April short below 529
(For edu purpose only )
Tata steel forming rounding bottom Go long on 16 AprilTATASTEEL is in process of forming rounding bottom pattern and may be a good candidate for long if Metal index support T1296 T2305 SL 278.85
Sell around 8800 tgt 8700 8650 or further down 8300 the current triangle pattern showing sign of reversal if the 8900 is broken one could go long on 9000 or 9300 call or if the trend is broken 8650 next target is 8550 and 8200
Complete head and should pattern on MINDA CORP.I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern :
Ref.
As per the downward channel, we can create a trade setup :
Risky Investors can buy at Rs. 47 first entry point
The next Entry point is Rs 47 or Rs. 33
NOTE: PERSONALLY I AVOID THIS STOCK FOR LONG BUT IF YOU HAVE PATIENCE THEN THE GIVEN LEVELS ARE BEST FOR INVETOSR.
Nifty is in a Rising Wedge pattern.Nifty will breakdown if it closes below the 20EMA in 5 mins Chart.
Nifty is in a Rising Wedge Pattern.
Target is 11335.
TITAN IS NOT ACTIVE FOR BUY OR SELLTHIS STOCK IS NOT IN A DECISION FOR LONG OR SHORT. STOCK IS GOING SIDE WAYS. STRICTLY FOLLOW THESE LEVELS. AFTER BREAKING THIS SUPPORT AND RESISTANCE STOCK CAN GIVE MA MOVE.
COMMENT IF ANY QUERY FOR THE SAME.
Some thing happening in Hind Uni Lvr Stock Some thing is happening in HindustanUniLvr Stock , Pattren shows Negative Note
Self studied on NIFTY.First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii) .
Now, pay attention to the whole part (i) which has a downtrend , same part (ii) is in a downtrend . I have marked with a light pink circle which almost common in both parts .
After the long shadow candle , started U-Turn in part(i). Turn your eye on part (ii) , Now you will find that U-Turn can start about here .
The following points can validate to U-Turn or NOT .
The price will not fall or stay below 11225.
In case, little gap up, then price will not break 11240.
Price should be traded 11320 above after 3 o clock.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
Full detail researched on NIFTY with positonal and intraday. We have seen breakdown after (5) wav e and fired move in downside which still unstoppable .
This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby.
I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative point.
Advanced predicted channel has support 11300 nearby.
Realtime example of TAIL trade on TATASTEEL4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points , recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails .
STEEM/BTC good accumulation zone in last support areaSounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as this asset have less than 15 usd million which easily get manipulated in price. but if it so, the price most being pump rather than being dump since steem already down from ATH 96% .. but who know??
please feel free to share what your thought.
peace.
STEEM/BTC good accumulation zone in last support areaSounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as this asset have less than 15 usd million which easily get manipulated in price. but if it so, the price most being pump rather than being dump since steem already down from ATH 96% .. but who know??
please feel free to share what your thought.
peace.
ICICI Bank - White Swan - HarmonicsICICI Bank is forming a bullish white swan on the 30 min charts, and is expected to hit 352, before bouncing off to 370+
A good options trade can be taken on this basis, on the Jan'19 series.
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Kindly consult your advisor before taking any decisions. We teach, and practice what we teach ;)
SELL BANKNIFTY 1st Target 26850 STOPLOSS 27100 2nd Target 26450BankNifty Collapse is beginning! It is unable to sustain the support level of 27043. It broken below it and re-tested the level and is moving lower now!
EXIDEIND: TRADE STUP COMMING SOON (TRIANGLE PATTERN)Check out EXIDEIND. A Trade setup is possible very soon. Either a breakout or a breakdown the triangle.
This is NOT an investment recommendation nor I am a SEBI Registered Technical analyst.
Invest only after consulting your financial adviser.
Nifty: The Investment PointsHi All,
The Investment Points:
It can be observed from this weekly chart that in the bear markets of 2011 and 2015, the Index formed bottoms near 200 EMA. Those yellow circled marked on the chart proved to be excellent buying/investment opportunities. If I have to load my money for greatest investments, it will be at the same point.
Nifty Took Support yeah...
Nifty took support from the 9950-10500 zone mentioned in my previous post. It bounced sharply for a gain of 600 points and still rallying.
The resistance points:
The first one is 10710. If crossed, we will see more short covering.
The second one would be a wider zone from 10900 to 11100 (200 points).
If market is to correct, these are the two halting points where we may look for selling opportunities.
Complacency for traders
The 10710 level would be very important for next week or so.
On a positive note, bears would not be happy above 10710. Also fresh buying may come above this point. If bulls prove to be stronger above 10710, the second resistance zone specified above will be quite achievable. And that will be a 200 to 300 points gain.
Secondly, On daily chart (see update section) you may see a nice W-Pattern in the making, which signals a medium term bottom formation.
The caution
As we are moving higher very swiftly, it is possible that we may see some profit taking.
The strategy next week:
If we start to pullback before touching 10710, I ll be looking for bear traps to go long.
If we cross 10710 (gaps up scenarios) without any sign of weakness, I ll be looking for buying opportunities.
If we touch 10710 and show weakness, I ll be looking for shorting opportunities for quick gains.
Do hit like
All the best
Regards
Titan - Clear Head & Shoulder setupTitan has made perfect Head & Shoulder pattern on weekly charts and now breaking down from neckline support while volumes are jumping upwards, during the formation of H&S also one can see that with every fall volumes gone up while on green days volumes were comparatively lesser, this is perfect example of a neat H&S setup,
So as it is now breaking down below Neckline support so a good time to take short position and can trail sl with 100 Day EMA which is currently around 838.
Based on the depth of head from neckline chart is suggesting that below neckline we may see around 20-22% fall, which comes around 660,
Also there is a unfilled gap in between 725 - 668 zone, so if falls come then expect this gap to get filled, though 725-730 may provide some support on down side, below that expect to see non stop fall till 660-670.
