Nifty in downtrend was respectively a weekly support, where last time a long leg doji was formed by making a bullish engulfing now. If bullish fire all cylinder next probe zone is 8303/8480 in weekly.
* Head & Shoulder * Horizontal trendline (green line) >> Short below 100
Axisbank in monthly charts is near a cruical Trendline support and formed a small body hammer near it. now in the coming month a close above 482 is important for bulls to hold grounds, upper side resistance comes near 492 and 525-550 supply zone. if the trendline is breached for any reason a big fall can be expected for 260 where bullish BAT pattern completes and...
Bank Nifty has formed a Wolfe Wave therefore one can watch the price movement and enter long. Since the index is in downtrend and is at a very good support level breaking it could drag the price further low so it is advisable to trade it with caution and stop loss.
The Stock seems to have formed the bottom and being accumulated, Buyers/Investors find that it cheap at current price level thus buying emerges. One can enter now with small Stop loss entry which offers decent risk to reward ratio.
* Support zone * Positive curve on RSI * Positive Divergence on Stochastic
The stock is having good frequency around Pitchfork and trend line. One can enter long here or on dips with stop loss of 1210 on closing basis for a target of 1315/1345. I know it is making lower low and lower high clearly in downtrend but trading a pull back expectation. It may achieve target fast in coming days. Divergence are also supporting the idea even if it...
TV18 Price movement is bullish with periodic correction giving opportunity for fresh entry. as we see the price is moving in channel pattern with confirmed support & Resistance
I am excited to watch snowman has again reached its favorite zone. Follow this post to capitalise further movement . IF Breakdown occur take LONG @ 55-50 RANGE IF Trend Reversal occur TARGET @ 68-71 RANGE CRITICAL SUPPORT 1 : 60 SUPPORT 2 : 50
Prefer a stop loss @510. Going above 510 may take it towards 630 levels. CMP 484.45 Target 1 441 Target 2 354 Stop loss 511
Keeping it very simple for a long time axis held on to a very important support i.e 519.. As they say for chart reading go from left to right. Now Axis faces resistance @ 534 its 11 day EMA if axis opens and stays above it Axis will hit 548 which is its next major resistance i.e its 23 day EMA. Stoploss for this upmove is 525. Best of luck!
The stock is at a good support area. MACD indicator is showing divergence. Although it is making lower high and seems to be in downtrend one can enter long here with small Stop loss and look for a target of 141. Very good risk to reward ratio.
Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness. Target: 40 Stoploss: 49
This was the first question came to My mind when I saw Inverted Head & shoulder pattern in Nifty, after yesterday's Head & shoulder pattern. How come chart appears as if its inverted ?? Probably, hangover ? Anyway, I'm expecting the game for the day will be between Resistance & support zones and breakout of any zone will determine direction for 2 to 3 days...
Bullish Cypher in BankNifty, pattern traders trade with proper stops
CNX PSUBANK near a tough resistance which has given plenty of trouble in past. can it break this time ? above 3365 a convincing close may lead TGT 3393/3601 only above this psu bank may fire up.
HCLTECH closed above the crucical monthly resistance of 801. looks good for longs. Entry is averaged around 805.. assuming one part here and next around 801 CMP 809.. add more near 801 SL 792 Tgt 830/850 Trade type: Support resistance Trade Aggressive Entry 805 Conservative Entry 805 Aggressive StopLoss 792 Conservative Stoploss 792 Aggressive RoR...