Sensex
IDFC Trade Coming up!IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
JSW Steel trading set-up!JSW Steel could soon take a dip and break out upwards, or sink below 300. Makes for a good long/short setup in the coming sessions. Watching closely.
Tata Motors Long setup.Tata Motors has moved out of its downtrend which started off early this year. The fundamentals are good, looking at 300+ targets. T1 & T2 on chart.
TCS trade set-up!TCS flirting with its all time high makes for another possible trade. A break out above or below the triangle would make for a good long/short entry.
Breakout on Sensex WeeklyA cup and handle breakout is seen on Sensex Weekly chart. Next target: 41500.
last leg of correctionBluedart is very close to completion of its downtrend.
But for now i will short it with redlines as targets.
Nifty get ready for a pullbackTrend line is from 2009
Nifty is looking good for retracement on multiple indicators.
Nifty Topping Out.The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
Relinfra possible trade setupYou can open a trade with 411 as a target and then trade as per the chart setup.
421 is the major resistance once it breaks it i expect it to test 460/495 and higher targets subsequently.
Dabur long then shortDabur is looking good for now staying above the clouds.
I expect it to test the higher targets before a pull back as RSI needs to cool down on all the time frames.
will quit the trade around 31 july and will enter as per the fundamental updates.
Nifty Fibonacci Analysis from next few weeks
As i have marked on the chart price is respecting Fibonacci time and price levels. Hence we can expect the same in future too.
The response of price makes every line marked on chart extremely IMP.
Which time and price levels are most important?..... can be answered after observing the price action in history. With this analysis we are not trying to decide top or bottom. As always we are trying to determine the IMP levels in price and time where traders needs to be extra careful.
With good observation and trading skills such points can be utilized for entry and exit also.
Make good use of hourly chart on these dates so that trending move can be captured early. My students will know how to use it for sure .
Sensex Spot @ 33,752Sensex Spot @ 33,752, open @ 33,671., market is trying to form head and shoulder but still not formed , if market break 34,200 then we expect for bullish in coming weeks, and if make potentially head and shoulder and break 32640 then will test 30,400 Levels.
1. For bullish chances are 25%
2. For bearish chances are 25%
3. For being in Range 34,200level to 32,640/- chances ≥50%
INFI FOREX
Currency drive
TATA MOTORS CHANNEL BREAK UPSIDE :)NSE:TATAMOTORS Channel Breakout, waiting for crossovers.
Disclaimer: Please consult your financial advisor before investing.
INDUSIND BANK HEAD AND SHOULDER PATTERN FORMATIONNSE:INDUSINDBK Head & shoulder pattern formed on daily chart. Support levels have been indicated.
Disclaimer: Consult your financial advisor before investing.
PNB - MORE DOWNSIDE POSSIBLEPNB
Weekly chart
Target 75
Stop 130.
Currently at key support zone which is between 105-113.
Support zone could probably act as a short term consolidation zone, after which a downside breakout possible. This anticipation is justified on account of the heavy volume based fall.
BHARAT FORGE - BULLISH PATTERNCMP 776
Target 900 plus
Stop 700
Stock has structured itself a 3 year cup based pattern post which a rectangular cosolidation witnessed over few weeks.
Stock has given a breakout with good volumes.
Stock has the potential to head towards 900 plus.
DALMIA BHARAT - SHORT TERM TRADING OPPORTUNITYDalmiya bharat
CMP 2794
Target 3250
Stop 2675
Time frame - short term.
Chart TF - Daily
Rationale :
1) Stock has managed to move back above 200 EMA with good volumes.
2) Incidentally, this has been one of the strong long term support zones as well.
3) Currently stock is in the process of taking a breather with low volatility; usually low volatility is the sign of a vol expansion and the last 3-4 days price action suggests the probability of vol expansion favouring upside is relatively good.
4) Stock price action has led to the relative strength break the downward sloping resistance line suggesting that there has been some interest in this stock compared to broader index.
5) Stochastic crossover in the oversold zone should provide additional comfort with a much favoured risk reward.
6) Historically stock has gone below 200 ema on 2 occasions and has managed to cross above 200 ema immediately with stoch crossover in the oversold zone. Stock has given good returns post this event. Current scenario is possibly the third time.
Strategy :
Traders can go long on current series futures at cmp. Adust stops as the indicated levels are for spot.
