BANKNIFTY SHORT (SELL)- GOING TO SHORT BANK NIFTY IF IT CLOSES BELOW THE RED LINE AND BLACK TREND LINE ON 15 MIN CHART.
Sensex
Decision Point for Nifty Breakdown & Breakout.Keep an eye over the forming triangle.
Play the breakout and breakdown.
Don't get ripped in the triangle.
ACC Cement Move Up Coming "Falling Wedge" Breakout1. Took entry on the break of wedge around 1503-1504
2. Waiting for a move up to 1538-1550
Does Nifty is really Oversold?With rising global concern and economic slowdown in the Indian Economy. Nifty doesn't showing any sign of Bullish trend...
In short-term,
with continuous 6 days fall in the Nifty a Small short-covering occurs. Making it more cautious for coming days.
With Shorting at the levels of 11265-270, for the Target of 11020-11000 with SL range of 11410-11425.
Be Cautious with each trade.
yes bank pumping on 15 minute time frame.get Accurate BUY / SELL SIGNALS
With End BUY and End SELL signals on Trading Armour indicator
Understanding Fibonacci levels on NiftyAfter the massive rise on Friday, the Nifty has turned positive on all Indicators.
Nifty closed above 11200 which is a major trend reversal level, 11218 - 11190 range can be considered as a first confirmation of weakness (maybe leveraged longs can be squared off once this level is taken off, on the down side.
Based on Fib levels 11117 can be the considered as another level of support for the bulls, fresh longs can be created once Nifty tries to attempts a recovery around this.
11035 will confirm weakness, and only short trades can be taken below this level.
On the upside, Friday's high i.e. 11381 is the first hurdle, crossing this will confirm further momentum on the up side.
Closing above 11200 for two more sessions will strengthen the bulls and open doors towards 11500-11600 llevels.
Beyond technical analysis, it is possible for the Nifty to breach 11500 within next 2-3 trading sessions.
But downside protection is always important for all trades.
N
CONCOR | H&S PATTERN SPOTTED | BIG SHORT TARGETS- CONCOR is forming H&S pattern.
- Pattern is not completed yet but in formation.
- Taking this trade just to get a good entry for my positional trade.
SEPT 2019: Buy DBL @ 350-410, Target - 700, Upside - 100%Greetings!
SEPT 2019 : For the upcoming long festive season, I couldn't help but post a recommendation which would bring smiles to everyone's faces.
DBL (Dilip Buildcon Ltd)
Buy Range: 350 - 410
Sell Target: 700
Upside: 90%-100%
Stop Loss: N/A
Timeframe: 6-8 months
Mint the money. When it is done, be sure to thank me! :)
Happy Trading.
TATA STEEL LONG TERM VIEWTATASTEEL has given a good fall in prices after the breakout. The fall in price is currently halted & is seen consolidating. It has potential of a pullback towards the cradle as its in oversold zone. A throwback upto 410-430 range cannot be ruled out. Thus, traders can buy in the range of 335-347 for short term trading with a protective stop loss below 275. Overall long term outlook is still bearish & thus long term traders can sell again on a pullback for long term targets of 220-200.
Can buy BAJAJ Finserv on dipsBajaj Finserv can be bought on dips between 6880 - 6930 for targets of 7500 & 7580 with a closing basis SL below 6575.
HDFC CHART ANALYSISHDFC chart analysis, HDFC interim support rests at 2000-2010 around that it must take retracement to statisfy the long trend line, a closing below 2108 can take it upto 2050 levels then further downwards and upcoming resistance is being observed at 2192 after which a closing and a follow up can give good move in HDFC. Support and resistance are still yet to be confirmed and HDFC can show up some bounce and then may take support around 2050 levels Please consult your financial advisor before trading.
Big bear ahead ?If Sensex long term trend follows suit, we can expect a bear market to extend into 2022
Nifty: UpdateAs told in our last post to look for 10800-10850 in coming 30 sessions, we already saw it on Friday when Nifty posted low of 10848.85
What's next ?
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Whatever we publish is for educational purpose. Taking decision to trade based on our view is solely at your discretion. We just publish material to make investor aware about the importance of learning Technical Analysis.
Nifty - Budget 2019 -H & S-Pattern Failure at 11625
What is a trendline
A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.
Trendline Rule
The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity.
Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario.
Trading Strategy
Plan A
Sell below 11930 with strict stops above 11975 for targets
11875-11890
Below 11875 – 11830-11845
Plan B
Buy in the zone 11830-11845 with strict stops below 11800 for targets
11950-11975
Above 11975 – 12000-12050
Above 12050 – 12100-12125
Plan C
Sell below 11775 with strict stops above 11815 for targets
11700-11625/11650
Below 11625 – 11500/11525
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Previous Ideas
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29th April 2019 - How will you sell - X-wave mission
15th May 2019 - We got Gartley M
11th June 2019 - Head & Shoulder with Right Shoulder at 12000
EURINR IS IN BEARISH MODE SHORT AT 77.81 FOR TARGET OF 76.00eurinr is in bearish mode. it is trying to break the major support of 77.33 , its not going up and if today close under 77.33 then it will clearly fall up to 76 in few sessions.
SENSEX | Harmonic PatternHarmonic Pattern seen in Sensex indicating a bearish bias. A minor support at 39570 is holding the index for now, below which 39500 is a very crucial demand area. If that level holds we can see further upside in coming days. However, if 39500 fails to hold there would be a sharp correction towards 39250 and 39000.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
HDFC Bank Short for TG 2380-70Trend is getting negative as per Celerity and Momentum is Coming as per Magnet.
TG 2380-70
CMP 2420
SL above 2440
