NIFTY: INTRADAY Support & Resistance for 28th July 2017Intraday LEVELS Plotted on the CHART.
SCROLL UP & DN for MORE Levels (If Trading Range INCREASED)
NIFTY: Candle Pattern indicates Bulls struggling near All time High point
Indicators & Oscillators indicates "Sell on Rally".
TREND: MIX, Bias: -VE
Levels plotted on chart, Using AUG 2017 Series.
Though Volatility differs from July 2017 Series (as per FnO data).
(Chart Using Volatility of July 2017 Series in end of Description)
Trade Setup for FnO Traders on 28th July 2017:
LONG if Stay Above @ 10085 for 15 Min / Crossed @ 10095.
TGT: @ 10108 - @ 10120 ( HZ #1,Trend Finder Zone),
@ 10148 , @ 10171, @ 10186 - 10198 (HZ #2), @ 10225+
SHORT if Stay Below @ 10055 for 15 Min / Dipped @ 10046
TGT: @ 10031 - @ 10020 ( BZ #1,Trend Finder Zone),
@ 9992, @ 9968, @ 9954 - @ 9943 (BZ #2), 9915-
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The levels mentioned below mentioned chart
using Volatility of July 2017 Series.
Compare with Main Chart while trading.
Search in ideas for "oscillator"
NIFTY : What NEXT on 17th JULY 2017. (Spot & Future)NIFTY : What NEXT on 17th JULY 2017. (Spot & Future)
Intraday LEVELS Plotted in CHART.
NIFTY: Candle Pattern Confusing (HH & LL)
Filled 8 point Gap, Out of 28.5 point, Before "V" Shape recovery
To fill GAP, Mentioned "9827 (STRONG)" in Green Colour on Chart" may be Tested & Use as BOUNCE Point.
Bullish GAP Formed on 13th July 2017,Till Now GAP Was 9824.95 to 9845.45 (Friday's LOW)
Indicators & Oscillators also MIXED in character.
TREND: UP, Bias: -VE
Expected Trading Range: 61 to 73 point, Extended to 90+ point.
RENKO Chart (15 min Time frame) Shows BULLS in CONTRO L.
Snapshot Link: invst.ly
VIEW: NEUTRAL (LONG in Lower Level) / SHORT in Higher Level.
Summery of Today's Trade: (Snapshot End of Description)
Monday's Trade For FnO Traders:
LONG if Stay Above @ 9914.6 for 15 Min / Crossed @ 9921.8.
TARGET: @ 9933.3 - @ 9941.5 ( HZ #1,Trend Finder Zone),
@ 9963.6, @ 9982.4 , @ 9994 - 10002.3 (HZ #2), @ 1024.5 +
SHORT if Stay Below @ 9891.5 for 15 Min / Dipped @ 9884.3
TARGET: 9872.8- 9864.6 ( BZ #1,Trend Finder Zone),
@ 9842.5 , @ 9824, @ 9812.4 - @ 9804.3 (BZ #2), 9782.4-
STRATEGY: On QUERY .
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NIFTY Trade Summery of 14th Jul 2017 .
IPCALAB: GOOD for HEALTH of PORTFOLIO.IPCALAB: GOOD for HEALTH of PORTFOLIO
Pattern: Harmonic Bearish BUTTERFLY (last Leg inn Progress)
Nearer Parallel Channel Breakout.
Technical Indicators & Oscillators Indicating UP Side.
Go LONG : LTP @ 485 (at 10.36am of 17th Jul 2017)
More accumulation: @ 481.20 - @ 479.50.
TARGET (Intraday / SWING): @ 489, @ 490.80 - @ 492.20 (Hurdle Zone), @ 495.6.
Short term / Positional TARGET plotted in Chart.
SL: @ 473- (By Closing) / TSL: @ 465 -
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Is BEAR TRAP? Possible Reversal with BreakOUTAll Plotted on Chart.
Analysis Based on FIBONACCI.
Indicators & Oscillators Looks Good.
Tests Double BOTTOM (CanSay Triple also), Support Zone.
Go LONG : @ 250.65 ( LTP at 12.00pm )
More Accumulation Zone: @ 245 to @ 247.50
TARGET: @ 252.45, @ 254.20 , @ 256.35 + More on Chart
Strong Reversal Zone: @ 246.50 to @ 245.00
SL: BELLOW "Strong Reversal Zone" (BY CLOSING) or TSL(-1% of By Cllosing SL)
Strategy for Trading in DERIVATIVE Segment (FnO) : ON QUERY.
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NIFTY : What NEXT on 14th JULY 2017. (Spot & Future)Intraday LEVELS Plotted in CHART.
NIFTY: Candle Pattern Confusing Bull Candle with Negligible Lower Shadow & Very Small Upper Shadow.
GAP UP Opening, made HIGH in last Min. of Trade.
Indicators & Oscillators OVERSOLD.
TREND: UP (Possible REVERSAL in Upper Level), Bias: -VE
Crucial LEVEL : 9937 - 9947
VIEW: NEUTRAL (LONG in Lower Level) / SHORT in Higher Level.
Tomorrows Trade For FnO Traders:
LONG if Stay Above @ 9895 for 15 Min / Crossed @ 9901.
TARGET: @ 9911 - @ 9918 ( HZ #1,Trend Finder Zone),
@ 9936 , @ 9952, @ 9961 - 9969 (HZ #2), @ 9987+
SHORT if Stay Below @ 9875 for 15 Min / Dipped @ 9869
TARGET: 9861 - 9853 ( BZ #1,Trend Finder Zone),
@ 9835, @ 9819, @ 9810 - @ 9803 (BZ #2), 9784-
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NIFTY : Summery of Today's Trade (13th JULY 2017.)
NIFTY : What NEXT on 12th JULY 2017. (Spot & Future)Intraday LEVELS Plotted in CHART.
NIFTY: Candle Pattern Generate MIX Signal.
Indicators & Oscillators also MIXED in character.
Though MACD, RSI till now in BUY Zone,
TREND: UP , Bias: -VE
VIEW: NEUTRAL (LONG in Lower Level)
Summery of Today's Trade:
#1. TEST Upper Band Of HZ #1 & BOUNCED.
#2. HIT Strong Level of Phase - II @ 9828
#3. Closed @ 9786.05 in line of HZ #1 (Lower Band @ 9787)
Tomorrows Trade Setup For FnO Traders:
Either LONG / Short updated within Market Hours.
Like today, "FnO trade Can SHORT / Long 9800 PUT for
15 to 30 point (Fut.) Gain
SL: Upper Band of HZ #2."
PROFIT Point: 40 point (in FUT)
LONG if Stay Above @ 9802 for 15 Min / Crossed @ 9808.
TGT: @ 9818 - @ 9825 ( HZ #1,Trend Finder Zone),
@ 9843, @ 9858, @ 9867 - 9875 (HZ #2), @ 9893+
SHORT if Stay Below @ 9783 for 15 Min / Dipped @ 9777
TGT: 9768 - 9760 ( BZ #1,Trend Finder Zone),
@ 9743, @ 9727, @ 9718 - @ 9711 (BZ #2), 9693-
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Snapshot of NIFTY 11th July 2017
CUP Completed, Can we See HANDLE?IOC: LTP @ 383
CUP Completed , Possibility or Probability of HANDLE or NEW HIGH ?
Consolidating at FIB Retrracement 0.786 (approx)
Technical Parameters both Indicators & Oscillators Suggesting Up Move.
In ICHIMOKU : KIJUN-SEN , U-Turn (From Downward to Flat)
Vol: LESS Than AVG.
CRUDE Consolidating. Possible DN side of Crude, means Profitability Increases.
Go LONG / BUY : @ 382 -@ 385
BEST Accumulation @ 377- @@ 366
TGT for Short Term @ 398.6, @ 408.50, @ 418.50, @ 425.30 , @ 432.80, @ 441.20 , @ 473.90+
TGT for Intraday /Swing / BTST: @ 386.35, @ 388.30 - @ 389.70 (HURDLE Zone), @ 393.55
More Levels for Intraday /Swing / BTST Trade will be Updated Later.
For FnO traders STRATEGY will be Updated Later.
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Can ICHIMOKU & Consolidation at FIB R UP lift NCC ?NCC: @ 90.55
ICHIMOKU & Consolidation of Various FIB Retracement UP lift this Counter.
#1. Nearer to Cross ICHIMOKU Cloud
#2. Nearer to Parallel Channel MEDIAN LINE Cross
#3. Bouncing from FIB Retracement 0.382
Now at FIB 0.50 Retracement Level .
Consolidation PHASE - I : Fib Retracement 0.236 to 0.50
Consolidation PHASE - II : Fib Retracement 0.50 to 0.618
Consolidation PHASE - III : Fib Retracement 0.382 to 0.50
Technical Indicators & Oscillators Signals UP Trend Soon.
Go LONG ( Aggressive Not above +0.50% )
Best LONG / BUY: @ 90.20 to @ 88.90
Short term TGT: @ 97, @ 100.7 , @ 103.65, @ 107 , @ 110.65+
Intraday TGT: @ 91.40, @ 91.90 , @ 92.70
SL: @88.30- (By Closing) or @ 87.60 which comes first.
Strategy for FnO Trade will be Updated as Oppertunity Comes.
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TORNTPOWER: Can Harmonic: Bullish CRAB Give Potency ?TORNTPOWER: @ 184.10
Pattern: Harmonic: Bullish CRAB ,
Can Price - Vol. Action Indicates WORST is OVER ?
Indicators & Oscillators Also Suggests So.
Go LONG: Aggressive Within +0.50%
All Swing Trade, Short-Term & Mid-Term Targets are Plotted in Chart .
Best LONG / BUY: @ 193.40 - @ 181.70
MORE: @ 179.20-
Intraday TGT: 187.40, @ 189.10 , @ 191.90+
SL: @ 176.80- (BY CLOSING)
FnO Strategy Updated Later.
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AMARAJABAT: Is Back to Back HARMONIC ? Decent Upside AHEADAMARAJABAT: @ 849.75
Is Back to Back HARMONIC ?
Possible Decent Upside AHEAD.
Scenario #1: If Formation towards Harmonic Bearish GARTLEY , TGT: Nominal Upside & Should be @ 912+
Scenario #2 : If Formation towards Pattern "W" , TGT: Decent Upside & Should be @ 977+ ( May Be in Between @ 959 - @ 981 )
Scenario #3 : If Formed Harmonic Bearish CRAB TGT Should be @ 1024+
Bouncing from Near Fib Retracement 0.236. ( Actual: 0.1785 )
Technical: Indicators & Oscillators Like - MACD , StochRSI, RSI , Stoch, OBV etc. Confirm REVERSAL (i.e. towards UP Trend)
Best LONG @ 845 - @ 837 .
SWING/Intra TGT: @ 855, @ 863, @ 866 - 868 (HZ) , @ 876. REST on the Chart.
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Double Bottom Break For CenturytexTargets : 1180-1225-1300 Buy range : 1090-1100 Stoploss : 1015 Duration : 4-5 weeks
Outlook :
After a strong up move in the last 6-7 months of 2017 from | 667 to | 1218, the share price of Centurytex entered a secondary corrective phase during May 2017 to work off the extremely overbought conditions developed after the strong rally.
The price wise correction halted precisely at the major support area of | 1038-1042 being the confluence of following technical observation:
The Horizontal trend line support joining tops of October 2016 (1038.70 ) and March 2017 (1042).
The upward sloping trendline gaining multiple supports during upward journey for the stock.
Presently, stock has staged an upside breakout from a “Double Bottom “ with rising volumes, giving a confirmed close above 1096 ( mid-point ) of the said pattern..
Bullish engulfing Candlestick pattern was formed by the stock as on 15/06/2017 and Three outside up Candlestick pattern was formed as on last trading session.
Among oscillators, the daily 14 period’s RSI is currently placed above centre line, As Per ADX, stock is in strong trend with readings of 36, Bullish MACD line is crossed over signal line today.
Keeping in mind the above technical evidences we recommend a Buy as per levels mentioned above for this particular stock.
Bharat forge in a new Orbit all-togetherThe stock is at cmp 1144; In medium term frame the oscillators are showing positive momentum ahead. MACD indicator is the daily charts has just gave a positive crossover yesterday after dipping below zero line which is a big positive sign. Stock seems can touch 1210/1260/1330. Stop placed at 1085.
Identifying the Area of support & Resistance Many have different theory of support and resistance , but in Price action trading you can understand very clear indication of price braking the resistance ,
Normally resistance have to be broken by big candle , the amount of force require to overcome sellers in particular area requires lots of buying absorption, in other words when institutional want to push the price high then they have to buy all the stocks which are forming the resistance and have to overcome all the seller and push the price high ,
Once the price is pushed to high absorbing all the buys from small or week sellers now that area becomes support until institutional sell off their stocks , and in other words the trend of institutional is about to start once they brake resistance and retest the resistance as support
in this chart you can view the Big candle braking the Previous resistance and taking the price to one step level or 2 standerd deviation ( which is used by indicators in B B, don chin channel, RSI , Stochastic , May oscillators ) once the price reached to 1 step level they cool off the buying and letting the people off the stock and price will come down to area where the resistance have been breached and it is now called as support .
i hope my small brief would help to identify the Support and resistance
Regards
The price is heading towards the support Zone one can look for short selling for day with stop above the previous day high
ATUL LTD - BUY - LONG BREAKOUT#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle.
Volumes have been rising with price rise form 6 trading sessions
MACD oscillators have showing strength on the charts
The CMP is trading above 200 dma and 100 dma.
So one can Initiate Long position at CMP with a SL of 2296 for a Target of 2835.
Bearish Gartley - ACC (60 Mins)Hello Traders,
We have spotted a bearish Gartley pattern on ACC hourly chart. Price is near PRZ. Once it enters the PRZ, one can use their own set of rules for entry. I look for candle stick formation and OB/OS signal on oscillators for entries. Profit levels and SL are mentioned on chart.
Thank you.
Happy Trading!!!
Nifty Expanding Triangle PatternNifty shows an expanding triangle pattern.
Trend traders be away from this market, wait for price to breakout of this range to go long.
This market is a gold mine for aggressive range traders. Do not use trend indicators to analyse this market. Use oscillators to analyse this market.
Good Luck Range traders...
Long term Buying opportunity @ DIVIS LABORATORIES Hoping that this script attracts investors for long term buying opportunity @ 600.64 which is the retracement of 61.80% ( lowest low and highest high)and valid support and resistance zone, also 100 sma comes to support the view. Recent selling was happened due to Bearish divergence on oscillators and overbought conditions.
GLAXO Price action analysisBased on the recent price action, GlaxoSmithKline Pharmaceuticals Ltd (GLAXO) is showing a strong bullish trend:
1. The stock surged 11.82% on February 18, 2025, closing at ₹2,608 after touching an intraday high of ₹2,744.95.
2. GLAXO has experienced a remarkable 29% gain over two consecutive trading sessions.
3. The stock is trading significantly above its key moving averages:
- 50-day SMA: ₹1,369.16
- 100-day SMA: ₹1,388.45
- 100-day EMA: ₹1,409.88
4. Technical indicators are predominantly bullish:
- RSI (14) at 56.81 indicates neutral to bullish momentum
- MACD at 25.06 suggests strong upward momentum
- Williams %R at -48.11 and ADX at 16.10 both indicate a buy signal
5. The stock has formed a bullish breakout pattern, surpassing its Bollinger Bands, Keltner Channel, and MA Envelope Band.
6. Volume analysis shows significantly higher trading activity, with the latest volume (2,465,000 shares) far exceeding the 5-period average volume (778,000 shares).
7. The Awesome Oscillator indicates a bullish reversal with a weaker twin peak formation.
Key factors driving the bullish trend:
1. Strong Q3 FY25 results with a 400% increase in net profit and 18% revenue growth.
2. Market share gains in the general medicines portfolio and strong growth in the respiratory portfolio.
3. Positive outlook from brokerages, with Motilal Oswal and ICICI Securities maintaining bullish stances.
However, traders should note:
1. The stock is currently trading about 19% below its 52-week high of ₹3,087.95 reached on August 22, 2024.
2. The 200-day SMA at ₹1,487.17 is below the current price, which could act as support in case of a pullback.
Given the strong momentum and positive fundamentals, the short-term outlook for GLAXO remains bullish. Traders should watch for potential profit-taking at these elevated levels and monitor key support levels for any signs of trend reversal.
TIMETECHNO Trade Set upBased on the latest available data, the price action analysis for Time Technoplast Ltd (TIMETECHNO) indicates a bearish trend in the short to medium term:
1. The stock closed at ₹364.05 on February 14, 2025, showing a significant decline of 5.58% from the previous day's close.
2. TIMETECHNO is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong bearish trend.
3. The stock has experienced a substantial drop of 14.85% over the past month, significantly underperforming the broader market (Sensex) which only declined by 1.19%.
4. Technical indicators are predominantly bearish:
- RSI (14) is at 43.459, indicating selling pressure.
- MACD (-6.03) is showing a sell signal.
- Stochastic (28.399) and Williams %R (-76.223) are both in the selling zone.
5. The stock reached an intraday low of ₹362.15 on February 14, 2025, reflecting continued selling pressure.
6. Volume analysis shows that the latest trading volume (2,470,000 shares) is above the 5-period average volume (2,301,000 shares), suggesting increased selling activity.
7. The Chaikin Money Flow (CMF) indicator shows a bullish trend reversal, which could potentially signal a change in the current bearish momentum.
However, there are a few potential positive signals to consider:
1. The Awesome Oscillator indicates a bullish reversal with a weaker twin peak formation.
2. The stock is trading near its recent lows, which might attract value investors or lead to a potential bounce.
3. The RSI (Fast) on February 18, 2025, is at 92.53, indicating overbought conditions but also suggesting strong upward momentum.
Given these mixed signals, traders should closely monitor the stock for any potential trend reversals or continuation of the current bearish trend. The overall price action suggests caution, with a bearish bias in the short term.
The trend is strongIPCA CMP 1470
Elliott- thats an expanded flat corrective pattern on the right. The C wave is 1.618 of A. Hence to me the correction is over.
Fibs- the correction has halted at 50% from a higher swing. This is strength.
RSI- the oscillator has halted above the bull zone. Hence the trend is intact.
Conclusion - to me this is still a very good buy as the trend is intact and strong. The Pharma sector is yet another sector that should outperform the Nifty.
An Exchange at a discount!!MCX CMP 5875
Elliott- Thats an expanded flat corrective pattern. The B leg gives a false breakout and then breaks down and closes way below the end of A wave. Here C is 1.618 of A.
Fibs- That it has halted at 50% from a higher swing is an indication that the trend is strong and intact.
RSI - the oscillator is above its bull zone. Hence the trend is intact.
MA- Its also at MA support.
Conclusion - the stock is down 16% from the highs and is a good buy for next six months to a year.