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Nifty: With FED Meeting done & dusted what to expect from Nifty?18030-18065 would play a crucial role Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065 giving a Risk:: Reward ratio of 1::2 A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels. Sustaining 17960 and managing to give a Weekly close Above 18065 In that case Long can be initiated for target of 18400 in coming days with a SL at 17960 giving a Risk::Reward ratio of 1::3.3 Like and Follow Take care and safe trading..!!!
NSE:NIFTY
by indiamarketoutlook
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion. Reasons 1. Muthoot finance has been travelling in a expanding triangle pattern from 2015. 2. Till now, its respecting the pattern by taking support and resistance at perfect levels. 3. Currently it is in downswing inside the pattern. 4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon . In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN. 5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move . I will update(Target and SL) once it gives Breakdown!!! We need to wait, as the breakdown can occur this week or 2 month later or never. Let's wait for the Market's decision!!! As of now, (on seeing the chart) its not easy for bulls to charge up. Note : Just sharing my view....not a tip nor advice!!!
NSE:MUTHOOTFIN
by mmjimm
7
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion Reasons 1. BEL is in formation of a Inverted Cup & Handle (Handle in progress) 2. Lower high and Lower low formed (confirming bearishness) . 3. Gap b/w 15th & 16th Day candle can act as Strong resistance. 4. Target & SL levels mentioned @ Chart. 5. BEL may take support @ Green trendline (Major Support from 2020) . Let's wait & watch how it moves!!! Note - Just sharing my view...not a tip nor advice!!!
NSE:BELShort
by mmjimm
Eth short Trade daily TF with supp & resisIn 4 hr time frame the candle is closed below the resis lvl. If the candle close in daily TF below the resis lvl thn enter the short trade till the nxt price tag marked on Chart. but before take the entry see the market sentiments cuz at that time i was not their to guide you, some research do yourself Entry see shorter time frame to early enter 4hr 2hr 1 hr SL $1847 TP $1632, 1554, 1490 Trade the trade at your own risk my not responsible at your any loss
Short
by nawaab001
OBEROIRLTY Soon to see a DOWN MOVE ???!!!Chart pattern insist me to go with the opinion titled above Reasons 1. Oberoi realty has been respecting the channel pattern. 2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!! (Channel too breached) 3. Volume too seen supportive for the down move. 4. Day candle closing out of the blue trendline will make our exit (STOPLOSS) 5. Target and SL mentioned in the chart. 12% down move awaits as per levels...Let's wait and watch how it moves!!!! NOTE : Just sharing my view....not a tip nor advice!!!!
NSE:OBEROIRLTYShort
by mmjimm