Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break. Trade Long: Buy above - 263.50 Target 1 - 268 Target 2 - 275 Stop loss - 257 Trade Short: Short below - 257 Target 1 - 250 Target 2 - 253 Stop loss - 263.550
We can say that the stock has been trading in a range (between 920 to 970) since June. A bearish channel can also be seen to have been broken for a bullish break yesterday. But the 970 level has been acting as a tough resistance for the stock . This time too the stock tested it and retraced. Only the future price action will show whether the reaction would be as...
i) There is inner range breakout 15mins available, if it breaks to downside, huge potential trade & instead if it breaks up it can turn out to be false breakout, as this will be early break on 1hr range. ii) Either you can wait for the 1hr range to complete as per the lines, may take 2-3days also & Enter the hourly breakout iii) If aggressive, entering...
Nope... Before you go there, that I repeated yesterday;s chart, it's not. This is new pattern emerged by yesterday session & in bigger way. On Right entry point, the targets would be around 9630's in Nifty. As we are forming a kind of triangle pattern ( though some might not want to call it so ), we are nearing the consolidation completion. At the same time we...
Though I do Intraday Nifty, I'm not going to take any positions for 2 days even if it's scalping 20-30 points. Nifty will be ranging & wicks striking out (possibility) there may be couple of losing trades can happen in scalping. So why bother so much for scalping...I feel it will neither cross 9690's or 9650's, so better Declare Leave & watch the show, thats what...
Go long after breakout with high volume and MACD crossover. Target is height of the range. Targets and SL in chart.
Go long at after range breakout for given target. Indicators look good. Also price is supported at 100 DEMA apart from the given support lines as well.
My advise go long at 620 levels for the given target. Everything else in chart.
There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running...
Feels like Nifty will be ranging between 9360's and 9280's but on the channel break, scalpers can have few more points on the downside till 9280's. Get Bullish only after reversal. Happy Trading week !
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Nifty shows an expanding triangle pattern. Trend traders be away from this market, wait for price to breakout of this range to go long. This market is a gold mine for aggressive range traders. Do not use trend indicators to analyse this market. Use oscillators to analyse this market. Good Luck Range traders...
NSE:ASIANPAINT has come out of the zone before it dipped halfway. Also, it has closed above 50 DMA. If it stays above the line, we can see strong build up.
short under trendline break only
It is been observed on daily chart that the price action breaks above the downward trendline indicating Buyers empowering over Sellers and now it shall further move up. Price action is still consolidating in a range of 430-460 levels. Target 1: 450 Target 2: 460 Stoploss: 434
So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's -...
Below is Conversation Between Nifty & Myself : " Why Nifty ? Why ?? Little irritated with you. Dear Nifty, Isn't it bad to repeat same things again ??? How can we trade if you Range like this ? Nifty, its good for you if you get out of this Mindset and Do some unique move on your own, we will appreciate your moves Nifty. Just Don't repeat things,thats all I ask...