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TCS

Nifty: Moving on expected lines as per Technical AnalysisNifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some support... What we are seeing now is these levels pre-identified with the help of Technical Analysis being respected to perfection.... Need I say more... Trading is not about buying and selling randomly just like that. Trading is more about - having a systematic approach... - Planning your trade well in advance, - be ready with actionable steps, and - during market hours when you see those levels come, it's just execution of your plan with better clarity and thought process in your mind without any confusion... One can argue that the current down movement happened because of NEWS about second wave of pandemic hitting us hard and that it was just lucky coincidence.... Hmmm... Well then, here are few more chart analysis which made me feel lucky with my trading strategies.... Infy, TCS (which had result announcement event) and DLF trading idea... 😊 I say, follow Technical Analysis, listen to charts instead of NEWS and chances are you too might start feeling more lucky ... 😉 ;-) Going forward... - expecting some bounce back - however, we have seen a crossover of 20 day EMA moving below 50 day EMA around 14600 levels - 14460 / 14540 / 14655 are 3 important resistance levels that one needs to look out for.... - overall view still remains the same - Nifty seeing further lower levels (sub 14000) on the lower side - I have highlighted the zone above which pattern gets invalidated Take care & safe trading....!!! Like & Follow Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
3
Infy: Result, Chart set up and trading strategyInfy (CMP 1444) We have INfY result announcement next week on 14 April. Results are expected to be good. Let us look at what the chart is saying... Observations - Infy trading in the yellow channel from July 2020 - on previous 2 occasions, before the result announcement we observe Infy near the channel top - Infy makes a high on result announcement at the top end of the channel and then drops down - after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily Is this a cue that strength of the buyers getting weaker...??? if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel Given the chart set up, Trading strategy for Infy One may consider selling Infy 29-April 2021 expiry 1540 Call option currently trading around 20 Max profit potential in the strategy Rs 12000/- per lot More importantly the strategy has an in built stop loss protection up to 1560 till 29 April expiry day (Channel top around 13 April comes to 1560 level) Take care & safe trading...!!! Disclaimer : - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFYShort
by indiamarketoutlook
4