Technical
Is ITC planning for blockbuster move...Buy FEB FUT between 230-240 and target for 259. Let me know if it helped ! (Please buy only when you see a green candle on closing basis.)
Swing Trading : Asian PaintIn Asian Paint
After the triangle pattern breakout, a big rally coming for short term. It can be used for swing trading or positional trading.
Triangle pattern here is the chart of AJANTA PHARMA which shows triangle pattern. bias shows a bearish view.
CHFJPY is an attractive SELLThis pair is trading in a clearly defined bearish channel, and the current price is close to the resistance trendline.
One warning sign in contrast to the overall bearish picture is perhaps today's (Thursday) rather bullish candle. However, since the price is still below resistance, the downtrend remains intact and additional bearish signals that appear here would be valid opportunities to enter short.
Also, be mindful of the CHFJPY usual price behavior of gradual trends with many retracements. That is, this pair often forms candles with large wicks on both ends even during trends. So, just because a bullish candle has appeared within a downtrend doesn't necessarily mean that the bulls are gaining control of the trend. Without a clear bullish breakout, the downtrend remains valid.
It's possible that CHFJPY could even pierce this trendline on an intraday basis (above 109.00). But, without a daily or rather even a weekly close above it, the trendline resistance will not be broken. Hence, such situations of the price moving above 109.00 could actually provide excellent selling opportunities.
Instances of higher volatility could occur on CHFJPY any US-China trade news or news related to Brexit and EU politics/economics. However, the overall theme that the JPY has more room to strengthen than CHF remains in place.
Nifty 50, Daily, Important Support and Resistance for this MonthNifty 50, Will be Heading towards 12000 again, trying to break 11200. If fails to break 11200 then next support at 10600. Small but Important resistance levels also marked in study chart.
This is my own study, please do your study before taking any trade.
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Sanks90
Nifty Long Term View (AUGUST 2019)Keeping it simple, long term supports and resistances are marked in the chart.
The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a currently unlikely reversal, we're looking at targets of 11750/12100.
As of now, we're at a deciding level and I expect the markets to trend sideways in the short term before seeing any major developments in either direction.
[KISS] NIFTY - Bearish (Expecting Consolidation Going Forward)Expected trading range: 11150 - 11010
Support @ 10980-90
Chart tells the rest ;)
[KISS] Short UKOIL - Target 62.50-63 Short UKOIL - Target 62.50-63
Confirmation - Long Upper Wick
We are presently within a triangle.
Crude to head lower.
Target - 62.50-63
NIFTY 50NIFTY50 will most probably find support around the trend line. Wait to buy when it forms support around the trend line. If it breaks the trend line it may find next support around 11426 as it might fill the gap. WAIT FOR SUPPORT OR BREAKOUT AROUND THE TREND LINE. ALSO, support is present at 11360.
If the trend line breaks the first target can be 11426, the second target can be 11360.
And if, it finds support on the trend line the levels to watch out for is 11637 as it may find resistance.
BUY DIVIS LAB @ 1660BUY DIVIS LAB FUT @ 1660
BUY 1660 PE @ 59
SELL 1740 PE @ 25
MAX RISK : 12500/-
MAX PROFIT : 20000/-
REQ CAP : 1.7 LAK
BOOK PROFIT IF YOU WILL GET RS 7000/-
BTC Analysis through market structureIf BTC crosses 8500 level, the next resistance will be at 9400 which it needs to crosses to reach the 12000 zone as marked in blue areas. the up trend is also confirmed by MACD as it is not showing any divergence.
Sell MUTHOOTFIN cmp 571 Average Near 620 TGT 520 PositionalSELL CMP 571
ADD MORE AVERAGE NEAR 620
TARGET 520
POSITIONAL ( TIME HORIZON 3 MONTH ROLLOVER DERIVATIVE CONTRACTS)
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education Purpose Only
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Thanks !!
what expect banknifty In 11/04/2019 as expiry ! bankniftybanknifty as near to strong support, this level not easily cross by banknifty as per market condition. Rupis (RS) is strong againts Dollar and also FII is strong, and important thing is some experiance researcher say banknifty goes up to 35000 in near two months, banknifty goes down 300 point and more and after it level be resistance if banknifty crossed this level. but very less chance to be this side.
NSE:BANKNIFTY
Bitcoin Short Term Target : $3550?Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.
Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.
USDJPY looks weakUSDJPY pair looks weak and can test 110.70 -110.50.
Trending below short term moving averages also keep upside limited and act as resistance.
