Swing Trade (D, 240) Price is in overall seller territory from D perspective, we broke the major S & R (green line) and price rejected twice going through that area and left a probe. We turned people into buyers so that we can sell for higher price. On 240 sellers shows an aggressive sign of coming back swiftly challenging the buyers who started this movement. We...
Nifty CMP 10118 If you have been following us, you will see we have been cautioning Nifty since 10340-10398 levels. Last time target given was 10120. It achieved that target on Friday and it has been 3 days since and Nifty is still hovering at 10120 giving the red trend line it's due respect... However the current set up suggests staying below 10200, Nifty...
IOC CMP 393 Last month on 16 Nov when IOC was at 393, we covered the stock and expected it to consolidate between 380-410... Well November month ended and guess what where the stock ended. It was still at 393... One may consider to sell as mentioned in the chart It can fall to 374 / 368 levels Pattern gets invalidated if IOC closes above 405 levels Take...
dont think the 17% weightage holder of banknifty will sustain the levels and thus can drag bank nifty to lower levels ...
IOC CMP 393.2 The stock looks likely to have made a triple top around 430-450 band - the stock is now trading below the yellow zone making it look weak - staying below the yellow line zone the stock may potentially head towards the green line zone around 360... - immediate support at 380 levels highlighted with dotted red line - sustaining above 405-408...
NSE:TITAN has boomed a lot recently. It even broke the H&S pattern bearishness with a bang! Titan is taking resistance at its current price and has the potential to reverse from here. Actual trade setup is not yet made. So this trade is only from very aggressive and risk taking traders. CMP 782. Short below 767. Remember its only for the high risk takers...
Bank Nifty Closing price: 25284 Why so much of importance Lets look at the charts - Bank NIfty currently is at important support line - 20 hr EMA at 25347 - 50 hr EMA at 25346 - 20 hr EMA on the verge of crossing below 50 Hr EMA (which if happens meaningfully could mean more bearish move ahead) We have seen the crossover effect in Nifty... will it be...
Nifty was shown to be heading into resistance, as expected the Tools have managed to curb the bullish enthusiasm.Now with volatility being introduced last week we will have to accomodate some more pain for the next few days.Macro numbers have started emerging and the rest shall be dished out in the next two days.Can the trend hold on or cave in? Supports around...
Nifty CMP 10345 Cross-over observed around 10351 Target 10280 / 10160 initially Stop loss if goes closing 10380 Safe trading...!!!
NSE:IRB may go for consolidation now. Its high in RSI and MACD is showing reversal in trend. Stock has also made a strong bearish engulf today. CMP 338 Sell below 335 Target 315 Strict SL of 352 and Closing basis SL of 246
Everything mentioned over chart...
NSE:PFC is at multi-month and multi-year resistance. It attempted to breach the resistance but ended up negative. Short PFC below 141 for target 128 SL 149
IRB is facing resistance and might give a chance to short Short IRB below 234 Target 222 / 208 SL - 242
Rcom CMP 16.2 The stock is in down trend trading below previous important low suggesting further weakness Trading plan One may consider selling RCOM November month Call option Lot size 14000 Strike Price 17.5 Price 1.05 Margin requirement approximately Rs 45000 per lot Profit potential till expiry Rs 14700 /- per lot Trading in Futures & Options...
NMDC might be making H&S pattern For short term gain short NMDC at 133 Target 120 SL 136.5 For long term chart target can be followed.
Justdial Closing Price 404.45 The stock has reversed from 200 day EMA The stock may fall up to 394 / 380 / 377 in short term Pattern gets invalidated if closing above 412 Take care & safe trading...!!!