can nifty cross above 8900, if it can cross and maintain above this level it will be a start or new uptrend, or it will consolidate at this levels
nifty on verge of make or break can it cross the level of 8900, after crossing there will be good up move. or it will consolidate at the same level
Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.
ITC always suffers due to budget. Increased taxation on cigarettes is expected this budget, as every other budget. ITC also has tested resistance again. And a powerful bearish piercing pattern with above average volume. Short futures or buy cheaply ppriced OTM puts for quick profits after budget.
Buy Silver for long term..
Sanofi will form a pattern of flag and it will be fly above to touch the target of 4501 in coming day.
ABIRLANUVO perfect balance sheet company. The company will be in the correction mode now. One can buy it at the level of 1331 with the target of 1450 in coming days. Even RSI is showing overbought as of now.
Nifty is showing the same pattern which it shown earlier. The nifty will fall till the level of 8415 in future and again raise with the target of 8799 in few weeks
Sun Pharma is now at a multi-year horizontal - SR level . You can see the levels go back upto 2013 which make them important. Fellow traders are suggested to trade as they decipher this chart in their own way . Cheers !!
NSE:BERGEPAINT From around 10 in 2008, the stock has shown a very steady trendline to around 260 in 2016; returning 2500% in 8 years. Now we see, that the stock is falling below such a significant trendline. Long-term investors can look to enter the stock at ; 1. when the monthly closing is above the trendline. 2. if at all, it reaches the blue line, it...
NSE:NIFTY for short-term positional and day traders. Blue-Line and Red-Line important on higher TFs too. They are connected from much behind. Yellow is the short-term channel. Green-Line is the intermediate support. Watch how it plays out and look for opportunities. Comments and views are welcomed. Thank you.
RSI and MACD divergence is visible on Nifty daily chart Does it mean there is trend reversal ? Any other technical indicator supporting this?
Triangle Pattern breakout. Target around 1550 within the next 11 days. Stop Loss around 1630-1635
First of all, taking lessons from history, some similar sort of pattern/retracement took place. Here, I have tried to match the fibonacci pattern that was evolved in 2008 with present pattern. In 2008, reversal was shown right at 0.6%. So, in present pattern 0.6% shows 8186. This 0.6% retracement level is very much important for future course of action. This level...
IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels. The target from here-on is 126 levels, it can be bought with a stoploss of 77.