Search in ideas for "Zoom"
Super Patterns in weekly chartsNice bullish pattern weekly charts...Double bottom and for longer term cur and handle pattern...Stock can zoom more
Tata Motors - Importance of Reverse Gear @307 - 300 Reverse gears are equally important as normal gears like 1-2-3-4 & 5. If you don't have space upside or room in front in that case we know how reverse gears become boon for drivers.
Last Update Review - Bearish Shark@320-325 - Let us enjoy motor's ride
In technical analysis - the term called polarity reversal is important which is support turning into resistance & resistance turning into support which was the case with 307 level as motors broke that level & retested that level back but this time there was a spike@307.65 as it always need fuel to move next (stops kept exactly above 307) so I suggested we wait for few minutes to see whether it holds 307 - I was not surprised that it did not hold above 307 & I suggested -we are not interested to buy below 307 levels.
Dropped to 304 level - we booked partial & below 304 - suggested to book close to 300 - Bingo!
Finally, taking reverse gear@300-301 zone as suggested - to zoom at day high@311 - 18th June 2018 finally closing at 308.75 for the day - All this was updated as Plan -4 -additional update
Trading Strategy - What Next ?
Plan 1 - Look to go long / buy if 306 -307 provides next support for targets 311 -314 -320-325
Plan 2 - Look to go long / buy if 303 - 304 provides support below 306 for same targets upside - 311 -314 - 320-325
Plan 3 - Look to long if crosses above 311 & holds above 311 for target 314 - 320
Plan 4 = Plan 3 (Last Update - Selling in 320-325 - In the bearish shark zone)
Bank Nifty - Probable Range Levels - 4th-8th JuneBank Nifty - Probable Range Levels - 4th-8th June
Personally I think it is headed down. However, if it does go up then the support and resistance lines can be used as a guide to SL and targets.
On the daily charts there is an inside candle. Conservative traders could decide in a trade only after the breakout happens below or above the 31st May candle.
There seems to be a complete harmonic pattern. I cannot make out exactly which one it is. The B point makes it look like a Bearish Deep Crab. But then I would have expected the D point to have gone higher. In fact it just might go up and then fall. So there is a chance of a sudden climb up. However, I think it is only a matter of time before Bank Nifty corrects down.
Please press the button and perhaps zoom in or out to view the chart properly as the week progresses.
A crucial trend line for BTC to be testedThe yellow trend line has not been broken since 2017. Zoom in and witness the support level is around 6445. This is a very crucial support level. During Feb low (6000), the trend line was still active. MACD also suggesting sell-off and RSI suggesting oversold.
Other ideas:
• On 4H chart, BTC is forming a double bottom with the base at 6000. If this is followed, a rally could be expected for 13,000!
• Death cross has also happened that suggest more price drop but I think it's relatively flat and trend can be reversed in no time. However, people will panic sell until 50MA gets back above 200MA.
• I'm new to these analyses, hence, comments are appreciated.
SUNPHARMA BreakoutSUNPHARMA is in the breakout/Reversal zone, following a small gap .
It completed a small Bat pattern, might retrace till B before it tries to retest the neck level.
Or it can just zoom out to fill the gap.
ALso there is a bigger Bat Pattern Forming up. Too early to say anything , but yea.
FreshfruitFreshfruit at support zone.
Once its stays above 92 this can zoom towards 100/110
Small SL on close below 85
Shriram transport:- This stock can zoomThe stock is coming out of a triangle seems heading for a good run upto 1075/1090 in coming days . Stop for the idea is at 1010 closing basis.
BUY NIFTY FOR 1ST TARGET 9565 THEN 9620 KEEP STOP LOSS 9460.BUY NIFTY FOR 1ST TARGET 9565 THEN 9620 KEEP STOP LOSS 9460.
NIFTY HAS BROKEN ITS TREND STARTED FROM 7950 LEVELS AND MADE HIGH OF 9720 LEVEL. FOR SHORT TERM NIFTY HAS TAKEN SUPPORT OF 9470. AND FROM TWO DAYS THIS SUPPORT IS SUSTAINED ONE BOUNCE IS EXPECTED AND NIFTY MAY ZOOM UPTO 9565 AND 2ND 9620 LEVELS.
SECOND CONDITION IF NIFTY NOT RESPECT SUPPORT OF 9470 THEN LONG TERM SUPPORT IS 9275 LEVELS CAN BE SEEN IN JULY SERIES.
AT UPPER NEAR 9565 AND 9600 LEVELS NIFTY SHOULD BE SHORTED FOR TARGET NIFTY MAY FALL UPTO 9275 AS LONG TERM SUPPORT. THE JULY SERIES THIS LEVEL MAY BE SEEN.