Nifty on the verge of breakdownNifty seems to be on the verge of breakdown. It is frequently hitting the base of regression channel which is presently placed at about 17100. there is a trend line support at about 16900 and 38 W EMA is placed at 16813. This is the last hope. Rest is detailed at Chart.
Disclaimer : This is for education purpose only.
Regression
Clear chennel pattern in Bandhan bankBandhan bank making lower lows and lower highs (swings)
getting support on lower level and also resisting higher side
forming regression chennel pattern on daily chart
recently it touched down side trend line and made bullish candle stick pattern
agene it can be consider for buy side from here
India Bulls Housing Finance under a Regression Channel PatternThis stock can be bought for a long term , from here on 350-400 can be a target in upcoming years
Bharti Infratel Positional Swing Trade SetupSell Infratel Positional Entry ~ 218, 220, Stop ~ 230, Target ~ 170
Price behaviour at certain level in nifty See the price behave in big regression trend, it is for long investors how they catch sight of it. There are always two scenario in the stock as we always see,
The first thing is that the three regression trend i have plotted inside the big regression trend, the two regression are in "UP" direction trend and the last one is in "down" direction. So can be possible that it will break the small support and move down
Second scenario is that the price is more at its resistance since many days, it could be possible to go for resistance again.
Everything is based on what has already occur in the history.
DLF SHORT : Gap & Regression ChannelDLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137. Targets are the respective Fib level falling on the Trend-Line which may work as a support for it.
The Stock is good for trading having good volumes, less spread and active options.
Classical trade using Trendline, Channel & EngulfingThe stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification
1. closed out of downtrend regression channel
2.Made an engulfing covering the previous candle completely.
3. Trend line support.
4. Mostly at this level of RSI it changes the trend.
5. Trend reversal entry on 1st bar offers a good Risk to reward ratio.
I would take entry on Tuesday and see how it works.