NIIT TECHNOLOGIES - BREAKDOWN??NIIT TECHNOLOGIES #NIITTECH
- MOVING IN A UPWARD TRENDING TRIANGLE PATTERN
- TAKING RESISTANCE FROM 1575 LEVEL AND SUPPORT FROM 100SMA.
INDICATORS:
RSI - NEUTRAL/SIDEWAYS AT 50-LEVEL
TT2 TREND - BEARISH IN 15MINS AND BULLISH IN DAILY TF
CVD - ALMOST NEUTRAL
COMMENTS:
1. SELL BELOW 1550
WITH TSL 1580
TGTS 200SMA/1500
2. BUY ABOVE 1615
SL 200SMA
TGTS 1641/1667/1770
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Search in ideas for "INDICATORS"
BAJAJ FINANCE LTD. - UPWARD TRENDING CHANNELBAJAJ FINANCE LTD. #BAJFINANCE
- MOVING IN AN UPWARD TRENDING CHANNEL.
- FACING RESISTANCE FROM SUPPLY ZONE
INDICATORS:
RSI - NEUTRAL
TT2 TREND - BULLISH
CVD - POSITIVE
COMMENTS:
1. ABOVE 3415,
NEXT RESISTANCE IS 3500
SUPPORT 3300
2. BELOW 3250
NEXT SUPPORT 3175/3125
RESISTANCE - 3375
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
SUN TV NETWORK LTD - NARROW RANGE BREAKOUT!!SUN TV NETWORK LTD #SUNTV
- MOVING IN A NARROW RANGE; IN A DOWNWARD TRENDING CHANNEL
- FACING RESISTANCE FROM 400EMA ON 30MINS CHART.
- FORMED AN INSIDE BAR PATTERN IN DAILY TF
INDICATORS:
RSI AT 40-LEVEL AND IS BEARISH
TT2 TREND - BULLISH
CVD - POSITIVE
CONCLUSION:
1. BUY ABOVE UPPER CHANNEL
SL 386
TGT 400
SEE IF THE PRICE BREAKS ABOVE 403, BUY AGAIN WITH TGT OF 408/415/419
2. SELL BELOW 386.5
SL 100EMA; TSL 403
TGT 377/368
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TORRENT PHARM - NR9 PATTERNTORRENT PHARM #TORNTPHARM
- MOVING IN A NARROW RANGE
- FORMED NR9 PATTERN
INDICATORS:
RSI IS AT 40-LEVEL AND IS BEARISH
TT2 DAILY TREND IS BEARISH
CVD IS NEGATIVE
CONCLUSION:
AS PER NR9 RULES
1. BUY ABOVE 2375
SL 2338.80
TGTS 2462/2548
2. SELL BELOW 2338.30
SL 2375
TGT 2287/2235/2164
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
WIPRO - MOVING IN A NARROW RANGE!!#WIPRO
- MOVING IN A NARROW RANGE IN A CHANNEL.
- TOOK SUPPORT FROM THE TRENDLINE.
INDICATORS:
RSI TOOK SUPPORT FROM 40-LEVEL AND IS MOVING TOWARDS 50-LEVEL. #BEARISH.
TT2 TREND IS BEARISH IN 30MINS ND BULLISH IN DAILY TF
CVD IS POSITIVE.
CONCLUSION:
1. IF TRENDLINE IS BROKEN
SELL BELOW 221.6
SL 227.5
TGT 218.45/214.9/213
2. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 230.05
SL 222.7
TGT 234/238.5/242.0
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATA MOTORS LTD. - AT 100EMATATA MOTORS LTD. #TATAMOTOR
- BROKE A MAJOR SUPPORT AT 108.50
- GAVE A BREAKOUT FROM DOWNWARD TRENDING CHANNEL
- TOOK SUPPORT FROM 100EMA AND HISTORICAL TRENDLINE.
INDICATORS:
RSI NEAR 25-LEVEL AND IS BEARISH
TT2 TREND TOOL IS BEARISH IN 30MINS TF
CVD IS NEUTRAL.
CONCLUSION:
1. FOR FURTHER DOWN MOVE, PRICES NEED TO BREAK THE TRENDLINE AND THE LOW OF 104.35.
SELL BELOW 104.35
SL 106.25 OR TSL 108.50
TGTS 102.5/100.25
2. BUY ABOVE 108.50
SL 100EMA
TGTS 110.80/112.5/114.5
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
UPL LIMITED - AT 200EMA!!UPL LIMITED #UPL
- PAID RESPECT TO BOTH THE HISTORICAL TRENDLINES ON 30MINS CHART.
- PRICE TOOK SUPPORT FOR 200EMA.
INDICATORS:
RSI - BELOW 40-LEVEL AND IS BEARISH.
TT2 TREND IS STILL BULLISH IS 30MINS AND DAILY TF.
CVD HAS TURNED BEARISH.
CONCLUSION:
1. IF THE PRICE BREAK LOWER TRENDLINE.
SELL WITH STOPLOSS AT 100EMA FOR THE TARGETS OF 400EMA/422.10 ON 30MINS CHARTS.
2. IF THE PRICE GIVES A BREAKOUT ABOVE 100EMA, BUY WITH LOWER TRENDLINE (+ BUFFER) AS STOPLOSS FOR THE TARGETS OF 454/464/470.
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
POWER FINANCE CORP - INSIDE BAR PATTERNPOWER FINANCE CORP #PFC
- SIDEWAYS; INSIDE BAR PATTERN
- TAKING RESISTANCE FROM 100EMA
INDICATORS:
RSI - AT 50-LEVEL; SIDEWAYS
TT2 TREND - BULLISH IN 30MINS & DAILY TF
CDV - POSITIVE!!
AS PER INSIDE-BAR PATTERN STRATEGY:
1. BUY IF 88.50 IS BROKEN
TSL 84.50 OR SL 100EMA
TGT - 89.55/91.5/93.5
2. SELL IF 84.50 IS BROKEN
TSL 80.50 OR SL 100EMA
TGT - 82.8/80.5/79.5
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
INDIABULL HOUSING - INSIDE BAR PATTERNINDIABULL HOUSING #IBULHSGFIN
- SIDEWAYS; INSIDE BAR PATTERN
- TAKING SUPPORT FROM 100SMA
INDICATORS:
RSI - AT 50-LEVEL; SIDEWAYS
TT2 TREND - BULLISH IN 30MINS BUT BEARISH IN DAILY
CDV - POSITIVE!!
AS PER INSIDE-BAR PATTERN STRATEGY:
1. BUY IF 236.60 BROKEN
SL 222.15
TGT - 249/255/263
2. SELL IF 222.15 IS BROKEN
SL 236.60
TGT - 213.5/203/193
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
MUTHOOT FINANCE LT - TRENDLINE SUPPORT TO THE DOWNTREND!!MUTHOOT FINANCE LT #MUTHOOTFIN
- HAS BEEN IN A DOWNTREND FROM 22ND JUNE
- NOW MOVING SIDEWAYS IN A CHANNEL
- TAKING STRONG SUPPORT FROM THE TRENDLINE AND 200EMA
INDICATORS:
RSI - NEAR 20-LEVEL: STRONG DOWNTREND
TT2 TREND TOOL: BEARISH IN 30MINS AND DAILY TF
CVD - NEGATIVE!
CONCLUSION:
1. IF THE PRICES BREAK THE TRENDLINE.
SELL BELOW 1073
TSL 100EMA
TGT 400EMA/1000
2. IF PRICES TAKE SUPPORT FROM THE TRENDLINE, WE MIGHT SEE A TEMPORARY PULLBACK TO 1167 LEVEL.
IF THE UPPER CHANNEL IS BROKEN, NEXT RESISTANCE IS 1234/1282.
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
COLGATE-PALM (IND) - ASCENDING CHANNEL; NARR0W RANGECOLGATE-PALM (IND) #COLPAL
- ASCENDING CHANNEL; NARR0W RANGE
- TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 1400 LEVEL.
INDICATORS:
- RSI - NEAR 50-LEVEL/NEUTRAL
- TT2 TREND TOOL - BULLISH IN 30MINS AND DAILY
- CVD - POSITIVE/BUYERS ARE STRONG
CONCLUSION:
1. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 1402
SUPPORT - 200EMA
TARGET - 1425/1445
2. IF CHANNEL IS BROKEN DOWNWARDS
SELL BELOW 1362
RESISTANCE 200EMA
TARGET - 1340/1323
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Siemens India: Looking for an early break out from the triangle After the block deal of share transfer between the holding entities, Siemens India rallied and consolidated near the upper trend line of the triangle pattern.
On 03 July 2020, long green candle was formed in day chart above the upper trend line of the triangle pattern. Volume saw a huge spike indicating a big money move.
If the price sustains above the upper trend line of the triangle pattern with a considerable volume, it would be an early break out and the erst while upper trend line will turn to be a support line.
In case of early break out, buy near 1135 during a surge after a pull back to 1120 levels.
1st Target - 1200-1230; 2nd target - 1250-1270
SL - 1105.
Indicators:
1. MACD has a positive crossover and looking for a divergence
2. ADX indicate strength of the upward move
3. Price crossed and closed above 200 EMA and 20 and 50 EMA point upwards.
4. RSI not yet in overbought zone
Caution: Since this is an early break-out without any strong fundamental news, respect the SL
PTC India: Long break outPrice action pattern: Break-out and sustained from a downward trending line resistance line (From 43 to 35) at 35 with almost flat support line at 32.5. Further after break-out, tested the support turned earlier resistance line and stayed above with considerable volume.
Fundamentals: Results of Q4 2020 and FY 2019-20 is expected on 08 June 2020 (Monday). With the overall trend of the market expected to be upwards and the results at the back of some good deals for PTC, price is expected to be favourable towards bulls.
Indicators:
1. MACD: Upward crossover over signal line observed at the previous low of 32.5 (near support)
2. RSI well below overbought zone showing short term strength
3. DMI showing a ADX strength of close to 50 whilst ADX+ sustains above ADX-
4. MA 20 cutting MA 50 from below
Possible trade:
Buy: 37
Target 1: 39
Target 2: 42.5
Stop loss: 34.5 (Considering an ATR of 0.76)
#LETSTALKABOUTMARKET - NIFTYA top is made and one can enter into a short trade with 9525 sl for target of 9400-9350.
Technical indicators:
RSI - rsi is falling after making a high which showcases that nifty is losing it's steam.
MACD divergence- MACD cross has taken place which supports our theory.
Keep strict sl- 9530.
*It is my opinion and i am not sebi registered*
Comment if you agree or share your idea if you disagree.
GBPCHF SHORTPrice Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend.
Indicators:
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
#LETSTALKABOUTMARKETS- AUROBINDO PHARMA Auropharma may still gain a bit but it will not be outperforming anymore, adding to that i feel it might under-perform as well. The basis for this are the technical indicators:
1. RSI divergence - RSI divergence is when the price slopes upwards but RSI slopes downwards, forming a negative divergence. As seen in the chart, price is moving upwards whilst RSI is sloping downwards which indicates that the upward price movement will not last for long.
2. MACD - Moving average convergence divergence as it is called, has also showed a crossover which further confirms the weakness in the stock price movement.
3. Bollinger Bands - BB also seem to be squeezing out which shows low volatility. One can wait out to see the price movement, where the Bollinger Band seems to be expanding.
The upward price movement might fade out soon and might even move sideways before cracking down. One can take a position by keeping a stoploss around 715 and wait for the target of 600 and an extended target of 560.
*This is my opinion and i am not registered with sebi*
ADANIPOWER: Multibagger for coming day'sCandle pattern: Morning DOJI Star.
Bouncing from Strong Support Level (Zone)
Indicators: Bouncing from OverSOLD Region.
LONG @ 28.90 to @ 27.70
Swing trade levels Plotted on Chart.
ST_TP (Short Term Target Price): plotted on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
Snapshot of Intraday Chart Updated later.
OFSS: Reversal supported by Harmonic, Oscillator, Candle PatternOFSS - Reversal Supported by Harmonic + Oscillator + Candle Pattern,
Candle Pattern: Bullish PIN.
Harmonics: Bullish BUTTERFLY.
Oscillators & Indicators: RSI, Stoch-RSI, W%R (on Chart) & some others oversold.
....more on chart.
Go LONG: @ LTP +0.5% to -0.5%
Target for Swing / Intraday: on Snapshot.
Target for Short term: Plotted on Chart
For FnO Traders
Intraday / Swing trade levels for next trading day on-wards.
TARGET / Res: @ 3494, @ 3503, @ 3516, - @ 3525 (HZ), @ 3551
More Accumulation / SUP.: @ 3468, @ @ 3460, @ 3446 - @ 3436 (BZ), @ 3410.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
Nifty Technicals
Nifty witnessed a negative closing ending the week 355.60 points down or 3.53 per cent down.
Lets analyse, why ?
Technically , if we go by analyzing past three week candles, they were all indecisive candles,suggesting both bulls and bears are fighting for their runs. let see what are those candles.
1. Doji - Indecisive candle
2. Shooting Star - Indecisive candle
3. Spinning Top - Indecisive candle
Hence candlesticks patterns were giving us clue to stay cautious from past three weeks.
Now let observe some other patterns on the charts ,
Channels: Nifty is trading in a up trending channel and the candles we were talking above are formed near or at its upper channel.
Harmonic Pattern: A harmonic pattern called ABCD was also witnessed on the weekly chart , suggesting supply zone @10030-10050.
Indicators: Rsi was also overbought on its weekly chart and at the same time divergence can be observed on its daily and hourly chart.
Hence we had many factors, supporting this fall.
Now , what next ??
Since the patterns are strong on weekly chart, the recent fall may accentuate further .
Following are levels that going to be crucial this month
Currently index closed right at the support i.e 9700 -9720, if it manages to hold 9700, it might see some bounce back till 9800 or 9900 levels.
But if it breaks this 9700 or closes below it , the next level to watch would be 9590, 9530, 9400, 9000.
YESBBANK Reversal Signals in Techno-Funda DataYESBBANK Reversal Signals in Techno-Funda Data.
In Harmonic Pattern: Bullish SHARK.
Pattern Confirms If made a LOW in between @ 1439.50 to @ 1431 .
Major Technical Indicators: OVERSOLD .
In Hourly Chart Positive Divergence Seen in RSI, W%R & CCI .
Div. Type Start Candle Closing Price Indicator Value End Candle Closing Price Indicator Value
RSI 17/05/2017 12:00 1455 23.09 17/05/2017 15:00 1454.75 27.28
W%R 17/05/2017 12:00 1455 -96.77 17/05/2017 15:00 1454.75 -92.44
CCI 17/05/2017 12:00 1455 -168.3 17/05/2017 15:00 1454.75 -119.65
Fundamentally:
TTM PE (X) TTM Sector PE(X) OPM Sec. OPM Net Profit Var (03/2017)
20.33 26.44 76.1 66.25 30
Conclusion: LONG for Decent Upside TGT
BEST LONG @ 1440- (Aggressive as Per Risk Appetite)
TGTs (Intra): @ 1468.7, @ 1472.8 - @ 1477 (strong), @ 1484+
TGTs (Positional): @ 1495.7, @ 1506.6 , @1536+
SL: @ 1422- (By Closing) OR @ 1410, Which Comes FIRST .