IS BAJAJ FINANCE TRYING OUT TO COME FROM SELL MODE SEE !!OUTLOOK , TRADE AND INVESTMENT PLAN FOR BAJAJ FINANCE.
1. See when structure changes from impulse wave to corrective then once trader and investor favourite is now creating fear among invested people. That is what I say time to time that stock market is language of switching sentiments on spur of moment. I made a red channel whose lower band is not confirmed till yet Though I treat as a channel. Because of this structure. Right now price is taking resistance of white line. This can go to red upper zone where you will find channel upper band as resistance.
2. I showed two circles one green showing a shooting star candle with lot of pressure from channel upper band. Then you can see price drifted to down side . This candle is activated when next day closing is below shooting star. You can see white circle where an evening star pattern is made but not activated as next candle close is not above previous candle so it failed. And price moved down. The logic behind this explanation is to pull your attention towards shooting star message of down move which is still valid till price take out red zone . Price taken out and breach conditions are different my old followers know it very well . For new I attach the post so that this concept will be cleared. Since it is daily chart so lower time frame will be 4 hrs.
3. If red zone woks as resistance which i feel should work then you will see price coming to yellow support zone. If this is taken out then you will see price coming to lower band of red channel and white zone of upper end.This would be trade for this scrip in coming days. My sentiments for long will switch only when price takes out red dotted line where I showed green arrow.
4. For traders they have to follow lower time frames charts and positional traders follow 4 hrs and daily . For investors they should wait to come to yellow zone half should be invested here rest in white support zone.
5. Follow all conditions is must .This is no request one of my followers and dedicated to all traders and investors of this stock. Rest market will decide.
note. All trading and investment positions should be taken from the consultant of financial advisor .
YOGESH VATS
Stockstowatch
MARUTI IS SHOWING STRENGTH IS IT REAL SEE YOURSELF !! WHAT IS HAPPENING BEHIND PRICE ACTION IN MARUTI
1. See this stock has made its bottom , the process of accumulation is going on where buyers want to buy at low price by trapping sellers with the impression of maruti making new low. This hope is created by smart money for sellers. Keeping price range bound. See rally in price that is for the attraction of sellers to short the stock so that price can come down . I find this phase very interesting in any scrip .Always buy at lower end of range because when this process will get over then good rally will welcome your positions of buy. Investors should adopt this strategy. This happens in all stocks. Reliance remained me in that process of re -accumulation for may years keeping price range bound. See now what speed of gains. So in this sort of structure one should invest for good returns .
2. I made a blue zone upper side where price is trading. That is real resistance . It not taken out , old followers know that new should visit to see my analysis of Asian paints where I mentioned it. Attaching for your consideration.Then price will move to red support zone. If trader is short then shorts be booked here. To open new shorts when this red support zone is taken out then with the sl of zone go short with the target of white support. This is how one should trade in this scrip in coming days.
3. On other side If blue zone is taken out then long with the sl of blue zone. Investors should wait for price to come near white support. If this upper blue zone remains resistance then this process will take one to three months to come out of accumulation phase. In my style of trading and investments I follow conditions properly. Same expected to all who wants to trade or invest in this stock. I do not use conventional method of sl, entry and target to share with traders. I manifest complete trade with conditions to make people trading easy. Rest market will decide.
Note. All investments and trading should be done with the consultancy of your financial advisor.
YOGESH VATS
double bottom breakout with strong volume.There is double bottom breakout and the uptrend got faced resistance around 295. The stock might see some correction till it's support but technicals suggest a long view in different time frames. Can be bought on corrections for positional gains. Check the levels according to you.
Crucial resistance in HdfcIf resistance is not broken and then the stock can see some correction in few days.
Jet Airways:Weekly chart. Beautiful and clear flag pattern seen.Jet Airways:Weekly chart. Beautiful and clear flag pattern seen. Breakout will take to 240. But real bull trend in Jet airways will not come till it crosses 370