Diamond formation on Nifty and expendable triangle formation. 9130 to 9120 having good support zone. So Nifty may touch the support zone. Short initiate when the price cross below 9275 an cover the short at 9130.
Short nifty below previous close
The chart indicates completion of a cycle and next will begin the downward cycle for levels upto 1200
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...
Are we looking at 20% correction on #TVSMotors
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...
Actually I tried drawing ABCD over there but it looked to weird & on smaller timeframe I guess there is an ABCD pattern which justifies this up move in Justdial. I don't know why I see ABCD's only Lol ! I will search for other patterns or methods.... Either you can wait for Fib touch if you are fib user or bsaed on resistance n bearish confirmation you can take...
Infosys is looking weak. Will move to 900 levels before bouncing a bit and then further downside. Avoid longs until it looks good. Target: 900 (32 points) Stoploss: 943 (11 points) R/R: 1:3 Regards
Stop loss at 151 levels with take profit at 122.5 levels from here on
Daily charts with MACD shows regular bearish divergence. Corrections around the corner?
Intraday Short trade is possible at this level by providing a Stop loss of high of today. The Index has formed the double top pattern indicating that uptrend is reversing at least for for short term. Now it is retesting the down sloping trend line One can take chance by shorting the index by providing small Stop Loss.
Avenue Supermart one of the best stock listed this year with great fundamentals .... It is on highly overbought zones on RSI (above 90+) on hourly charts... with a negative divergance.. may this stock slip 30-50 points in this weak..... and that would be an opportunity for making long position... Please Like Follow and Comment your views..
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
The stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.
Escorts is one of the best stocks out there in the NSE. People who held the stock patiently since 2011-2013 have been handsomely rewarded with the profits on paper that they would have made. The company's share price has increased by over a 1000% in the last 4 years. 295% in the last 1 year and 100% in the last 3 months. These returns are astronomical by any...
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded. The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here. 3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...
Triple Top pattern on #CapitalFirst stock being experienced at the moment as it has been unable to breach the 800 mark. Good opportunity to short at this level.
One can expect the price to see a correction of atleast 5% in the coming days after a sudden spike in price by almost 37% in a little over 3 months. RSI on daily chart indicates that it is in overbought territory and the overall trend is downwards as well after the price peaked in early 2015.