SBIN LOOKING TO BREAK OUT OF ROUNDING BOTTOMSUMMARY*
-stock is looking to breakout of its rounding formation
-stock in futures is seeing good building and more over today it is sustaining above 541-543 zone
-since morning good oi building is seen
-please note for safe traders a daily close above 545 is your signal to go long
-risk traders can enter now and stay long
SBIN FUT
BUY@545
STOP@530
TARGET@575-600-620
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
*longs suggested already at lower levels in channel
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Search in ideas for "MANA"
DLF LOOKING GOOD FOR DOWNSIDE SUMMARY:-
*dlf is looking good for downside
*range trading in stock
*momentum towards downside
*good risk-reward trade
DLF FUT
SHORT@389.5
STOP@397
TARGET@377-370-364
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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HDFC LOOKING BULLISH SUMMARY:
*stock is looking for a reversal
*there is a morning star doji pattern formation visible on the chart
*good risk-reward trade
*stock has been beaten down recently so good entry point
HDFC SPOT
BUY@2550
STOP@2480
TARGET@2610-2645-2690
(TARGET CAN BE REVISED)
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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INDUSIND BANK DOUBLE BOTTOM BREAKOUT ON CARDSUMMARY:
*stock is breaking out of double bottom formation and symmetrical triangle pattern
*upside can be adjusted
*for now a momentum trade
INDUSIND BANK
BUY@948
STOP@928
TARGET@969
(FURTHER TARGETS:-994/1020)
POSITIONAL TARGET WILL BE CLEAR IF CLOSE ABOVE 1000 IS ACHIEVED
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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ICICI BANK BUILDING LONGS SUMMARY:-
*after posting stellar numbers it is the only stock which is holding the fort for the markets
*once market starts to recover icici bank shall lead from the front based on relative outperformance
*the stock is taking support on its to 20-ema near 792-795
*on the upside 820-818 is acting as strong resistance
*we are going there but its getting rejected
*once a close is achieved then expect the stock to race to level of 840-850
*can go to new all time high also
*stock also gave a double bottom breakout and has given a throwback pattern move
*now when swing high of 836 breaks a extension of the recent move from 836-796 to 876 will be seen and more
ICICI BANK FEB FUT
BUY@810
STOP@793
TARGET@820-830-840
(WILL REVISE TARGETS UPWARDS FOR POSITIONAL TRADERS LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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NIFTY DOUBLE BOTTOM BREAKOUT ON THE CARDS SUMMARY:-
*index has created double bottom on hourly chart
*hourly close above 17350 will be first sign to go long
*it doubles from the breakout zone
*used heikin ashi pattern to remove the gap
*lets keep it simple
*16850 is the jan low that will be our stop for longs
NIFTY FEB FUT
BUY@17350(SAFE TRADERS WAIT FOR 10:15 AND A CLOSE ABOVE 17340 IN SPOT)
STOP@17150(FOR PATTERN TRADERS)
TARGET@17570-17730-17920
(WILL ADJUST TARGET LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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NIFTY POSITIONAL TRADE ADDED AGAIN SUMMARY:-
*index had excess longs in the system
*they were taken to cleaners today
*market oversold due to expiry and shakeout move
*17630-17580 was previously acted as strong resistance for market
*classic case of resistance turned support
*trade with strict stoploss
*its my personal view and market has yet given any sign of reversal
*may later adjust trade to feb contract
NIFTY JAN FUT
BUY@17720
STOP@17580
TARGET@17920-18050-18170
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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DLF BREAKOUT OUT OF BEARISH CHANNEL SUMMARY:-
*stock has broken above 400 and is sustaining
*recent news action will cause a re-rating in the stock
*RSI is looking to break above 60 looking to show strong momentum
*targets can be revised higher based on action
*bearish channel break in the stock is indicating stock is gearing for new all-time high
DLF FUT
BUY@408-410
STOP@395
TARGET@420-427-435
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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STOCK IS BREAKING OUT OF CONSOLIDATION SUMMARY:-
*stock after a huge move last year was consolidation in the zone of 1775-1545
*from past few days we are seeing some good action on price and volume
*break of consolidation zone will ensure 1900-2000 levels on the stock in coming time
*also a visible ascending triangle pattern breakout can be seen in stock
ADANI FUT TRADE
BUY@1780(ABOVE)
STOP@1700
TARGET@1830-1880-1920
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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BANKNIFTY GEARING UP SUMMARY:-
*banknifty is breakout of a bearish trendline on weekly as well as daily chart
*possible move towards 37500-37000 cannot be ruled out
*close above 200-ema will give us more and more confidence to stay long
*nifty is expect to go to new all time high
*banknifty once above 36k (close) will force short-covering
BANKNIFTY FUT TRADE
BUY@36075(ABOVE ONLY)
STOP@35600
TARGET@36425-36700-37000
*target will be adjusted more according to market situation
*falling dollar/inr and oversold market condition is indicating short-covering
*if stocks like hdfc bank and icici bank rally we can expect fii buying action
POSSIBLE DOUBLE BOTTOM BREAKOUT IN ICICI BANK SUMMARY:-
*stock seems to be breaking out of its consolidation zone
*a close above 770 on daily chart will give us double bottom breakout
*wait and watch on icici bank till now and the break is achieved
*usually doubles from breakout
ICICI BANK JAN FUT
BUY@770
STOP@750
TARGET@800-820-845
*targets will be revised as per closing basis
*we have result season coming soon
*its a positional trade
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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IEX LOOKING TO BREAKDOWN PATTERN ALERT***SUMMARY:-
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
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TATA MOTORS POSSIBLE DESCENDING TRIANGLE BREAKDOWN???SUMMARY:-
*stock is constantly rejecting its 20-ema
*upon that the stock is seeing rejection from its bearish trendline
*on the downside there is a visible support at 445 level
*twice market bounced from 445 and moved higher
*if we notice the bounce is getting weaker and weaker creating lower high each time
*this clearly marks an example of descending triangle pattern
*so there is a huge risk reward trade in tata motors available
*one can go short now with a stop above 20-ema and bearish trendline on closing basis
TATA MOTORS JAN FUT
SHORT@471
STOP@479
TARGET@461-455-449
(IF A CLOSE BELOW 445-440 IS ACHEIVED ON CLOSING BASIS THEN STAY SHORT FOR 410-415 LEVELS)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
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GODREJPROP FREEFALL EXPECTEDSUMMARY:-
*stock is has finally broken below 1900
*during the big bullish move from 1700-2300 there was no halt in between
*stock will try to find support near round numbers if does not then it will slide further
*it can catch up to the breakout price of 1700
*now 1900-1913 have acted out as demand zone in shorter time frame
*so support-turned resistance any bounce towards 1900 must be used to go short
GODREJPROP FUT
SHORT@1890-1900
STOP@1950
TARGET@1840-1800-1770
(I CAN TRAIL STOP AND HOLD FOR 1720-1710 ALSO)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*shorts are active already check out the link
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BEARISH INVERTED FLAG PATTERN BREAKDOWN IN PVT BANKS SUMMARY:-
*major reason why banking sector is looking weak
*one of the most reliable pattern has formed in nifty private bank index
*the inverted bearish flag pattern and breakdown is visible and confirmed
*the pattern suggest another 5000 to 7000 points of downfall is expected
*I am not expecting banknifty to fall below 30000-32000
*all things are setting up on the weaker side for financials
-rising crude oil and gas prices
-rising in inflation and to prevent further rise interest rate measures(raising)
-rise in dollar index and usd/inr
*this will further impact financials negatively
*it may be a good setup for the budget a correction was needed
VIEW (INDEX IS NOT TRADED BUT HEAVY WEIGHTAGE IN BANKNIFTY)
SHORT@18100-18150
STOP@18550
TARGET@17850-17500-17300
(IT IS NOT A TRADED INDEX THE ABOVE MENTIONED TRADE IS ONLY FOR REF)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
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NIFTY INDEX UPDATE*heavy selling pressure in nifty near 17350-17360 in futures
*market will remain in selling pressure below 17400-17430 (no trade zone)
*after usa market accenture result IT SECTOR can provide stability
*but i will not be in shock that the initial hour rally will be sold into
*rising usd/inr good for IT sector(over valued)/bad for financials
*ecb raising interest will have negative impact on markets(financials)
*you saw what happened in usa market one day positive rally got sold into
*develop markets will attract institutional money in fix interest instruments
*Fii selling pressure may continue you may see one odd day of buying but selling will continue
*Rising inflation is a worry all over developed nations
*Rising covid cases all over the world is good for stock markets
OVERALL OBSERVATION
*MARKETS CAN TAKE A BREATHER AND SUCH IN THE BAD NEWS
*CORRECTION IN INDIAN MARKETS TILL 16000-16300 CANNOT BE RULED OUT
*IT TAKES A LOT TO TURN ME INTO A BEARISH TRADER(MY PERSONAL VIEW)
*THIS VIEW OF 16000-16300 WILL BE OVER ONLY IF NIFTY CLOSES ABOVE 17630(WEEKLY BASIS)
*THIS IS MY PERSONAL VIEW NOT RECOMMENDATION
NIFTY TRADE POSITIONAL
SHORT@17230(BELOW)
STOP@17370
TARGET@17070-16980-16850
*initial view if index breaks below 16850 and closes below it
*then target will be raised further down towards 16300-16500
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*shorts are active already check out the link
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DLF BREAKING DEMAND ZONE AGAIN SUMMARY:-
*stock has broken the demand zone of (393-390)
*stock is good shorting opportunity
*last time when i gave this trade it made a move towards 360
*this time we have a rising trendline which is bullish
*so the trade will be till the trendline
*a fresh short trade will occur again if trendline is broken
DLF FUT
SHORT@390
STOP@400
TARGET@382-375-370
(WAIT FOR THE PRICE TO BREAK THE TRENDLINE FOR FRESH SHORT AGAIN)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*shorts are active already check out the link
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SRTRANSFIN BELOW 200-EMA AND SUSTAINING SUMMARY
*stock broke below its head and shoulder pattern neckline
*below the neckline we had 200-ema
*price has started sustaining below 200-ema
*financial expected to remain weak
SRTRANSFIN SPOT INTRADAY
SHORT@1350(BELOW)
STOP@1370
TARGET@1320-1300-1280
NOTE*
*one can trade in future with adjustments
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
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CHANNEL BREAK IN BHARTISUMMARY
*stock has broken in the channel
*initial view is a slide upto 677-673
*trail stop as it slides further
*fall to 650-660 cannot be ruled out
BHARTI FUT
SHORT@690
STOP@705
TARGET@677-665-655
note
*trail stop to entry price when first target hits
*its volatile and news driven stock
*stay alert
*trade safe
*do not overtrade
*for more index and stock updates check the link in the signature box below
*already active shorts in bharti
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BAJAJFINSV DOUBLE TOP BREAKDOWN POSSILBE SUMMARY*
*financials are looking weak
*both twins have shown a breakaway gap formation
*double top formation or the the "M" formation is clearly visible in a bearish channel
*wait for a breach below 16600-590 (spot) demand zone
*one can then take action
BAJAJFINSV FUT
SHORT@16590
STOP@16860
TARGET@16350-16000-16750
note
*trail stop to entry price when first target hits
*its volatile and news driven stock
*stay alert
*trade safe
*do not overtrade
*for more index and stock updates check the link in the signature box below
*already active shorts in bajfinsv in channel
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NIFTY CROSSING SUPPLY ZONE NEXT MOVE TOWARDS SUMMARY
*index constantly saw rejection in the zone of 17590-17620 in nifty
*from there we have seen lows of 17000/16830/16780 on downside
*we are re-tracing from there towards the breakdown levels
*after weakening supply zones and less expected institutional activity from next week
*market will try to take out the supply zone
*now we have a falling trendline and head and shoulders neckline (rising) as resistance for upside
*since we will take out 20-day moving average and start to trade above it we will see short-covering from call writers
NIFTY LEVELS TO WATCH OUT FOR
RESISTANCE LEVEL EXPECTED
17750-17830-17902
SUPPORT LEVEL EXPECTED(resistance turned support)
17570-17600-17620
NOTE:-
*markets are volatile
*trade safe
*do not overtrade
*for more index and stock updates check the link in the signature box below
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