Short-long
Long-term short setup Ashok LeylandAs Ashok Leyland has recently broke long term major support of Rs 80/-, the long term downtrend is triggered.
Line is Red is stop loss and black line is targets. Thin black line are intermediate support and thick black lines are major support.
Trading price: 75
Target: 71, 65, 56.5, 47.5 (placed above support line)
Stop Loss: 81.50
BIOCON clear volume break out with an engulfing candleOne can buy BIOCON for a target of 50% fib level .
I think tomorrow we will have a great upside on this stock as we can see a great buying activity on Friday but FIIs I assume tommorow we may ride up and this stock can give us some good bucks .
Perfect breakout after a long downside with volume.
Follow I like my analysis !!
One tip for tomorrow you can also buy balkrishna industry at 810 .
That my thoughts do your own research please
Thanks
i bull is now beareshhi traders indial bulls looking weak .....go for short it is breaks suports your target will be 729..enjoy the trade ....if it breaks trend line see for the volume it volume is more go for long . thank you
GBPUSD Short term Long Then Big Sell Off !!GU has been in a daily correction since August,2018.
Based on EW count it has been making a flat correction and now C leg of that flat is about to be completed.
Based on price action I'm still anticipating one more move UP to break previous high and then make its way down.
Reliance bullish biased call !!My idea about reliance on monday .
After a big impluse wave its clealy making a bullish flag.
i am bullish but you can DYOR(Do Your Own Research) .
on the chart green and red lines showing the buy and sell zones.
lets see what happens.
GOOD LUCK
TARGET ABOVE GREEN LINE -1310
TARGET BELOW GREEN LINE -1250
Mr. Dow - Uptrend in DiversionHi,
I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle.
But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box.
So the green box then is the startpoint of the long call. It could be the last chance to get chaper in the market bevor wave 5 (purple in brackets) gets stronger with targets around 27.000 up to 30.000 points. This means that there’s a great chance to start a long lasting long-trade – maybe for years!
Please be careful, because if the dow goes under 23,963 points, there's a posibility for my alternative count (shown as alt. in the charts).
Please leave a commet or a message, if you have any questions.
Take care,
tgo
Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick Analysis Nifty index continued its formation of higher highs for six consecutive session and headed towards 10400 zones. What Recovery Bulls done holding its area 10100 then with power recovery strategy and consistent victory over bears made Bulls to find place as strong winner at this level 10390…. It formed a Bullish candle and closed above its 50 DEMA on daily scale.
Now the Phase is Bulls short term recovery harms Bears a lot but this is the Last time and area to recall Bears power to prove himself to Roar and take control on BULLS again, it will take time to shed of BULLS Power. For Nifty Index, it has to continue to hold above 10343 zones to extend its move towards 10448 then 10469 zones while on the downside supports are seen at 10343-10298 levels
As The Month of April Full of Action going on in Bulls Favor …will Bull Power gain with Financial Results of last Quarters? Or Bears would drag Bulls to NEW Lower Level of Previous Month?
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Sachin
Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick Analysis1st day of week on Monday 2nd April Nifty 50index managed to open positive and witnessed sustain buying interest throughout the day. It managed to hold and surpass the Hurdle 10158 and headed towards 10220 levels. Bulls recovers with sustaining pulls up to the bears, It managed to hold above previous weeks’ close and formed a Bullish candle on the daily scale.
Now for Bulls run Index has to continue to hold above 10238 to Charge Bulls back in to action over Bears to Hurdles 10268-today only within mid and last session. And if bull fells then Bears will take over Bulls below 10163 and more Attacking method extend its down move towards 10100 again.
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Thank you, God Bless You
Sachin
NIFTY-WHAT'S 'UP' NOW?At 9980 we anticipated a reversal and advised to be cautious on basis of broader markets action (look at nifty ADL divergence idea), we shorted bank of india and profited more than expected with the market fall. Now where is the market headed? This idea would talk about very short term and analysis is done on nifty spot daily chart.
The index is at a crucial level, breaking this level shall bring a clear view on how to trade the markets for medium term. Bears would want to breach this level, the bulls on the other hand would be desperate to protect this level which might result in a sideways battle.
Now, for very short term
Bullish above 9740 target 9830
Bearish below 9679 target 9595
We are slightly biased towards the bullish side for very short term as the level we currently are is very important and some fight is expected from the bulls..