NZDCAD broke the resistance zone and trading above the zone its good to buy
USDCHF broke the triangle and trading below the range so its good to short with very small sl
HINDPETRO broke the resistance and trading above that zone and we can see the buyer holding the level but don't take trade on support resistance only, closely watch the price and once we see full control of buyer take trade with small sl and in this case there is a local trendline in place wait for break of this trendline with momentum.
ADANIPORT already broke the support zone and trendline with momentum, so this is very good sign for technical trader,For entering into trade we need a price action sell signal.
AXISBANK trading within the range(you can see in the image) from feb 2018 and buyer tried to broke the resistance zone but seller are taking control and we can see the LL LH formation,If we got clear price action signal to go short then we will attempt for sell otherwise we do not take trade,Always create a pure mechanical rule to enter and exit.
There is a very good price action structure in TITAN,Price close below support of 950 and seller controlling the price so this is very good sign for sell continuation,We will look for sell once we see the break of counter trendline with momentum or any price action signal.
There is very good selling momentum in HDFC and there are two more reason for sell 1) Trendline Break 2) Support Break 3)Divergence,Now we need some buyer to push price higher and I will take trade on weakness of buyer.
As we discussed in our last analysis of Karnataka bank, we have seen a trend change signal and finally I have seen a control of buyer in this zone so I take a trade.
We have Seen very good LL LH formation from last few days, we have got first HH today with very good momentum, So we can look for buy. This is pure price action technical analysis and I do not recommend to anyone for buy or sell,this is for education purpose only, do your own research before taking trades.
We have seen downtrend in Karnataka bank from last July 2017 but today we have seen first sign of change in trend with momentum and triple bottom and bounce from support and if price go in our favour will hold for tgt @170 So its pure technical and we trade only on technical
USDJPY trading in range but we can see the buyers trying to push higher and the trend is also up So we can take a buy trade with small risk
We have seen good range from last few weeks and today finally we got the breakout,I do not trade on breakout I always wait for price to settle above the resistance zone then look for buy signal
KARURVYASYABANK broke the support zone and trading below the support zone and we can see there is no buyer as of now,Wait for seller momentum for confirmation then we can take the trade
CHFJPY break the near resistance and holding by buyer its not very good setup but we can take with very small sl if we right will get very good RRR.
LUPIN broke the support zone and trading below the support,We can see selling continuation from now.
HEROMOTOCOP broke the support and trading in consolidation phase,We can see good selling after consolidation.
NSE:INFY has printed a bearish pin bar looks like it will move downward . so i will go short tomorrow .