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IS ASIAN PAINTS IN RALLY MODE OR READY TO FALL !1Brief Summary of Asian paints. 1. See this stock has completed its one leg of fall near 1440 . Second leg is going on . If the recent low near 1482 is structure changing point that is not confirmed yet , then it will cross the tough resistance at 1720. Other wise , The fall started near 1840 will continue . This upward move will be considered pullback if stock face resistance at current price. I circled green color move that is at resistance if it is pull back this should not be taken out on daily basis. Means can breach but next candle should not close above breached candle. Then this will become pull back and down trend will be resumed. 2. On the contrary if taken out condition is fulfilled then this pullback which I assume will become trend changed to upside. And long positions can be taken positional with the target of upper blue zone. 3. There is one red dotted line if this line is taken out then full satisfaction of down trend will emerge. In Fact if blue and pink resistance work then I will short for the target of dotted red line. Because the assumed pullback can convert its structure from that point to long. If that dotted line is taken out then you can see new low in Asian paints. 4. See up move in green circle showing price increase where as volume decreasing . It is at good resistance so this up move can be pullback. 5. Lower zone white color will provide strong support in any case down ward moves get confirmed by taking out red dotted line then this would be target of shorts. I explained every condition of trade if you have little part of basic understanding of stock movement and little knowledge of timing then can be fruit full either sides. 6. My personal biased is short till red dotted line. For Investors If red dotted line condition is fulfilled in down side then they should wait for investing till price comes in white zone. Otherwise can invest at red dotted line when condition show favor of long. Rest price will decide. Note. I am not giving any advice for trading or investing always consult your financial planner before taking any position either sides. Yogesh Vats
NSE:ASIANPAINTShort
by yvatsji
12
TCS LONG TRADERS BE CAUTIOUS SOON YOU WILL BE TRAPPED SEE HOW?Hi traders & investors, Tcs charts structure is showing sign of trapping upside for bulls. I marked pink box area where bears are letting price to visit that area. Then trapping will be done. In fact tcs is in impulse wave that will end near pink box. From there a correction of this impulse is expected to be seen which will take price to red buying zone. Few factors which give rise to this manifestation are as follows:- 1. TCS is trading in green dotted channel. Price is moving from lower end of this channel to upper end. 2. Volume is decreasing while price is increasing ,First sign of trapping. 3. At upper end of green dotted channel there is a strong resistance with the help of white resistance which is hard to be taken out, it can breach but not taken out. 4. Last volume candles are increasing that shows price will visit that area. All these factors convince me that traders are going to be trapped. For investors sit silent see all my manifestation .Is it going to be proved if yes then wait for your turn . Let price come to red buying zone. Then buy of course with stop loss .If there is condition of buying that zone should not be taken out can breach . Difference between breach and taken out for daily candle is price breach the zone in intraday its ok and come back into the zone by the end of day is called breach. It can close out of the zone at end of day. But next day that low of breached candle is breached again in first hr of trading and price do not come back whole day and close again out of zone then it is taken out. So investor before buying should follow this condition . Over all stock is in Re- accumulation phase will give good return in next 18 months. In short term it is trading in distribution phase that is why going to trap traders. 5. In any condition if pink color box is taken out then structure will change and price will not come back into red buying zone. stock market is game of switching of sentiments when stock change we should also change. Never ever take hope trades. Rest market will decide. YOGESH VATS Note. Before investment take your financial planner advice. I share my views according with my analysis.
NSE:TCSShort
by yvatsji
19
AXIS BANK IN SELL MODE HOW FAR IT CAN GO SEE YOURSELF !1Hi traders, In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully. 1. In this fig a red channel is seen where price is travelling now. In few days this channel is expected to break down side . As the last leg of selling has started that can take it to first target. May be in this journey price will try to take support at lower end of channel ultimately will travel to that destination in red color support. 2. In any case this gets break then last target of white support. I do not know at what price you are long . My last target is 230 . In near 2 to 3 months it will consolidate between 320 to 260. So decide yourself selling at existing price is good in your case or wait for next 6 to 7 months to recover your price. 3, For investors 240 to 270 level is good for investment for in 12 months can go to 500. This is my analysis before investing take advice from your financial planner . I may be wrong what I am reading now shared with you. That is why now in sell mode. Rest price will decide. YOGESH VATS
NSE:AXISBANKShort
by yvatsji
26
Nifty Recession Chart Bear Market Layout - Elliot WaveNifty Recession Chart Bear Market Layout - Elliot Wave Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession. Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to recover. As per the chart info, Good time to enter the market is around 5000 - 6000 level. Also i suggest to enter short or exit market around 9000-10000 level, only if you want trade bear market and don"t forget risk reward ratio.
NSE:NIFTYShort
by Prasad1618
4