Support and Resistance
Nifty at a crucial resistance - Make or break LevelPlotted Fibonacci retracement for 2016 lows of 6825 and 7893 with 9100 as highs.
10020 on the downside and 10596 on the upside seems to be crucial levels for markets...so crucial they can decide future trend.
Wait and watch...
LOOKS GOOD TO BUYVery common price action structure with momentum, There is a different trade managaement and money management behind the setup so do your own analysis before taking trades
NIFTY RANGE FOR NOV SERIES 9706 - 10406NIFTY HAS SLIPPED LONG TIME FRAME WEEKLY CHANNEL. IT IS ALSO SHOWING THE BULLISH DIVERGENCE.
STRONG SUPPORTS ARE 10080 & 9914. INTERMEDIATE SUPPORTS ARE 9986 & 9933
STRONG RESISTANCE ARE 10406 & 10255. INTERMEDIATE RESISTANCE ARE 10120, 10180 & 10340
BELOW 9914 MAY TEST 9855, 9789 & 9706
BALKRISINDBALKTISIND support at 1000 and 973 if it breaks 1000 then it will see 950 and resistance at 1058 and 1096 if it breaks 1058 it should go upto 1100 further as per my view....
GODREJCP GODREJCP is have support at 743 and 729 also have resistance at 768 and 783 so go long above 783 for target of 790/800/810 and go short below 743 for the target of 735/730 if it breaks 729 then we should see more downfall upto 715 as per my view...
HCLTECH good for short term HCLTECH looking good.it have support 1006 and 980 as well as resistance 1046,1065.go long if it breaks 1046 good buy at 1065.go short if it breaks 1006 good short entry 980 SL of 1025.if company posts good results then next big move should be above 1097 it goes up to 1200 and further...as per my view..happy trading...
short term viewreliance have good results on this quarter.it have good support at 1140 and major support at 1114 also resistance at 1180 and 1211 and 1250 is also resistance if it crosses it goes further to place high.go long if it breaks 1179 and good entry at 1212.go short if it breaks 1140 and good entry at 1114 sl at 1150 as per my view...comment your opinion please.....thank you
YESBANK is going in a trend making higher lows.. buy on dips?YESBANK is going in a trend making higher lows.. buy on dips?
Declaimer: not a trading recommendation. only for educational purpose
Wipro - Weaker of the whole Tech packWe can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line again but will it survive this correction? Only time will tell...
DAX looks its gonna breakdownGermany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
NIFTY: Week Ahead, Spot & FUT Levels Weekly(08/10/18) Basis... levels(Spot & Fut) Plotted & mentioned on Chart.
A Correction was always dueMarket seems to be heading for that trend line support.
Start investing near 9500 levels.
Tough times ahead for Stock Markets?This chart looks at US 10 Year Bond Yield over last 30 years.
The yield was in a downtrend and in a falling channel for 30 years until now where it broke out above the channel. This may signal a near term top on Equity markets.
Purely educational not to be taken as advice
