IDFCBANK - Reviving It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up.
T1- 58
T2-60
SL-54
Rangebound
Infy: The Confluence ZonesNotes on the chart.
White pattern would fail above 993 and reddish below 969.
Its possible that the white pattern does not completes and the confirmation for that would be below 977. In that case only red pattern would be worth focusing. 970/975 would be the level to watch for buying opportunity.
If white pattern completes look for shorting opportunity near 990. If this plan works stock may test 970/975 range, here a bullish candle or pattern will trigger buy.
Feel free to comment or any query.
Trade Safe, stay healthy.
Hit Like if this information is useful.
Regards
Bravetotrade
Vedanta on Range - Where it will break ?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
Bank NIFTY setupAccording to setup and OI analysis, I think a 23800 CE SELL @ 7.35
and 22800/22900 PE SELL @ 12.6/18.5 would be good enough for 6th July Weekly Expiry.
NIFTY SHORT TERM ELLIOTT WAVE ANALYSIS 03 MAR 2017Hi,
As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days.
As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e. B of c of 5 of 5th wave.
MRF - Fake Breakout | Range ? NSE:MRF has been trading in a range starting October and yet again reversed from highs.
If the supply zone stands good, it should go down to the previous swing low.
Otherwise, if it breaks the rectangle upside, we might see action on the long side.
Nifty Trading in the range, Swing traders wait for the breakout Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst
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 !
Adani Power - ConsolidatingThe price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time.
I would also appreciate any feedback on it to bring clarity to our discussion and further trading decisions.
Dow JonesBears - 1
Bulls - 0
Bears leading the game with 1-0 breaking below the range. Can bulls draw the game bouncing from support of rising trendline or Bears win with 2-0?
