Century Textiles medium term longGo 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.
Range
Nifty : What if Prediction Fails ?!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 without any direction between this 9300's to 9500's zone, if lucky we may get that Head & shoulder's pattern over next 2-3 trading days. If everything happens as expected We are right about Nifty.
Everything fine till now, what if any of those didn't happen ? What if our predictions are wrong ? Ha ha nothing will happen, it just means Markets intended to do something else better than our prediction & I'm wrong in My analysis, Not We :) & When I'm so wrong, it makes people so happy & elated & they start early weekend celebrations. If failure of My Charts makes people happy, oh yes... I will chart & keep them happy always :)
Happy Friday , Let's have early weekend :)
Nifty : Are we gonna Range today ?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 !
Astral Poly - Box BreakoutStock giving Range (Box) Breakout. Use every declines to form long positions.
Nifty Expanding Triangle PatternNifty 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...
Asian Paints - Possible Upmove 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.
ZEEL BIG TRENDLINE BREAKOUTIt 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
Nifty : Will Double Top & Gartley work Together ?!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 - 8840's. The trade setups we have today are :
(i) If Double Top confirmed with Bearish Reversal - Short Nifty
(ii) If we find support at zone marked in green with Bullish Reversal - Long Nifty
We have Simple 5-wave Elliot completion, charts will look messy if I draw everything on Nifty. So left it out.
Pattern & Double top completion increases confidence only, doesn't mean 100% winning potential.
How easy it is... I want Nifty to be this easy everyday, Just under 180 seconds Flat, analysis is over for the day.
Nifty : Will you ever get out of this crooked Ranging Mindset ?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 to you Dear Nifty ! "
Did I get bit harsh on you, Nifty ? Don't Range !
Happy Trading !
