Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart. Its a precarious level with both scenarios of break and rejection equally possible. Volume & Momentum seem to favour a break upwards. Pay attention to NIFTY trends and...
Hdfc short below 1750 sustaining for 1700/1660 SL 1812....risky its paper trade becoz this candle formation found at bottom n gives good momentum also at 1660 levels gap filling is there.....below 1750 can give good momentum i think.....no trades only paper trade
Resistance at 1735 1) 4H candle rejecting 1735 2) 1D candle rejecting 1735 3) Can move towards 1650 and even 1550 if it breaks the below trend line
Channel exit resulted into rejections with volumes. Might go back to lower end of channel. Good short position can be created!!
Enter the trade only if one hour candlestick does not close above the green zone
Strong demand zone can touch target 1 -34 Stop loss 26