Stock price is Trading at long term support of 200 WMA placed around 430.
Stochastic and RSI are Plotted around the oversold zone on the weekly charts
Weekly ADX indicator has turned bullish
One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.
The RSI is placed at 37. It is bounced back from 31 levels and showing some strength.The 200 DMA is Acting as Resistant. Stock has Tried to Break the 200 DMA Resistance few days back and Failed to Break it. It is going to Test the 200 DMA as the RSI is indicating a Support at 37 which is bounced back from 31 levels. So one Can Initiate LONG on IDEA at CMP for a...
Alert: Nifty_50 heading South
Trading Sessions Left for Expiry - 4 Days
This April expiry 27Apr may turn ugly for Bulls
Trading_on_Algo_principles NIFTY17APRFUT looking fragile
Breaking of 9000 is on cards
But will provide levels in live markets in case numbers are playing their maths
Note: *Other Red,Green,Blue levels are only for...
THERMAX Stock price has broken the crucial resistance around 945 - 960 on the weekly charts.
Short term moving average has Placed above the long term moving averages and It has been created a long term trend reversal on Weekly Charts.
MACD oscillator has showing strength and Trading above its signal and equilibrium line.
So One can Initiate a Long Position in ...
Alert :: Nifty about to crack
Bears has strong chance to takeover by 14Apr or 17Apr 2017
Time to be Cautious
Maths suggesting exit longs and shift your focus to bearish.
i.e. By 14Apr or 17Apr 2017 NIFTY17APRFUT has strong chance of reversal from around 9330 level
R3 - 9330 Zone
S2 - 9250 Zone
S3 - 9180 Zone
R3 - 9330 Zone is good rollover risk...
Here, I have analysed the chart of Sensex, where we see a few things :
Firstly, a double top is forming very soon ( the white line )
Secondly, the yellow trendline has been very well respected till now.
I have drawn vertical lines to illustrate that.
You can very well see that price has reacted very well and except for few false piercings, it ...
Good Morning Folks!
Today’s turn date will be skipped. Next turn date is 9th Feb. Nifty bullish till ten.
Maintain TSL at 8650 Nifty Spot.
I will soon do a video on my blog showing Sun and Mars cycle. Stay tuned thanks!
Bulls be ready and wear your life jackets
Indices profit booking on cards
This Bull cycle seems ending by 06Feb2017
Bears has strong chance to take the grip by 07Feb2017
Around 8750 :: It seems Calendar rollover level
Time to be Cautious
Do like/agree to stay tuned on Trading View platform
All the Best. Please keep on booking...
Many people wanted to know how time wave works, so here is just a sneak peak. I am showing here very long tern time fractal at play. Please remember that half knowledge is a dangerous thing and this is not even 10% of the complete methodology. Further this is very long term. So do not apply it yourself.
As you can see on 4 mar 2015 Nifty was at all...
Hi All, Good Morning!
So basically here, Nifty has turned upward just a day before the turn date of 2nd Feb. And is now all set for all time high in the month of Feb itself. People who followed me last year will remember that last year in June I had said Nifty will be bullish till Feb and will after that enter into recession. Same is playing out here.
News causes short term sharp movements which I call spikes, and Timewave can NOT predict them. After spikes are over market always resumes its normal course and does exactly what it was already set out to do. Examples are BREXIT Friday and Trump Tower.
Today as well, there will be spikes and they won’t follow any level or TSL, but Nifty after these...
A trader has messaged me privately, has confessed that for past 6 years he had been trying hard to make TA & Elliott Wave work for him and its not turning around and shall he continue the effort or drop it? Shall he entirely drop stock market altogether?
Whatever I will say here I will say on the basis of my own direct experience, will say only the...
BankNifty follows the same timecycle as that of Nifty, so whatever buy/sell I share on my Nifty post, please apply to BankNifty.
The BankNifty will also remain downwards till 2nd Feb and levels to look forward to are 19472, 19384 and 19258.
Please be very very careful with OTMs. Trade only in future.
515 points of profit booked already since 27th Dec!
Now Nifty is down till 2nd Feb.
Targets as per Fibonacci are 8591, 8559 and 8541.
Its a retracement kind of a move (and not impulsive). Lets take whatever it gives and enjoy!
As you can see in the chart above, Nifty is currently at 0.618 projection level. It has already achieved all levels previously shared by me.
30 Jan is a possible turn date. Please stay tuned and keep following for realtime market updates on where is Nifty headed next.
Captured above are Fibonacci levels for BankNifty. BankNifty has already nearly achieved 9.786 extension. Monday 30th is a possible turn date as per Timewave. Stay tuned and keep following for realtime market updates on where it is headed.