Key Levels for NIFTY 50: You can also JOIN ME on TELEGRAM Upper Breakout~12294 First Target~12315 Interim Resistance~12334 Final Resistance~12358 **Lower Levels** Lower Breakout~12254 First Target~12222 Interim Support~12197 Final Support~12161 Please trade with caution and consult your financial adviser before trading.
Important levels on both sides. Focus on EMAs, Jan20 go for Long Put
Reliance has made a double top pattern and has landed on the neckline. 1541 is critical support and falling below that will trigger the double top pattern and will push the scrip towards 1521-->1502--> 1483-->1465. 26th Dec (+/- 24 hrs.) is critical date and it can change the trend in the favour of bulls. The double top height is the target in classical TA, but...
WILL IT BE ABLE TO BREACH LONG TERM TRENDLINE ON CLOSING BASIS WAIT FOR 6TH JANUARY CANDLE WILL BE COMPLETED
Key Levels for NIFTY50 : Upper Breakout~12190 First Target~12225 Interim Resistance~12270 Final Resistance~12310 **Lower Levels** Lower Breakout~12140 First Target~12105 Interim Support~12070 Final Support~12020 Please trade with caution and consult your financial adviser before trading.
A strong divergence in the price and the AO, which gives a good sell position just below the last down fractal.
1ST GAP HAS BEEN FILLED TODAY BUT THERE IS 2ND GAP TOO WHICH WILL BE FILLED SOMEDAY FIRST LET IT CLOSE BELOW HORIZONTAL LINE ON CLOSING BASIS THEN SURELY 2ND GAP WILL BE FILLED TARGET GIVEN WITH ARROW
AS WE CAN SEE THERE IS A GAP IT HAS TO BE FILLED TARGET FOR SHORT IS GIVEN BUT FIRST LET IT CLOSE BELOW HORIZONTAL LINE ON CLOSING BASIS NOTE: TRADE AT YOUR OWN RISK
SELL RELIANCE NEAR 1505 STOPLOSS IS IN RED MARK AND TARGET IN GREEN MARK
Note: Please note down the levels and trade on 3 or 5 mins timeframe. The results are substantially better. My analysis results in formation of zones on chart which can be used to get proper entry at the begin of any intraday trend which usually is reversal in the direction of the symbol. Any suggestions are most welcome in the comments. Dont be a Bull, Dont...
IT IS SHOWING A LITTLE BULLISH DIVERGENCE IF A 15 MINUTE CANDLE CLOSES ABOVE HORIZONTAL LINE AS GIVEN IN CALLOUT TARGET IS GIVEN FOR LONG AND IF LOWER TRENDLINE IS BROKEN 3 TARGETS ARE GIVEN FOR SHORT SIDE
If Reliance goes above 1481 buy with a stop loss of 1450. Positional trade