Near resistance level... If it gets resisted then Nifty has a case of triple top formation... Take care & safe trading...
Tata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively...
CESC CMP 1046 The stock will see demerger of shares and will be divided into 4 verticals in October viz:- - power genreation - power distribution - retail - others Now coming back to charts On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone Immediate Support at 1023-1030 Stronger support at 996-1003...
Infy CMP 899.50 In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone. Despite Infy offering Share buyback at 1150... despite Infy seeing the return of respected Nandan Nilekani on the board... we have seen price rejection in Infy stock price right in the zone (of 930-960) that...
Nifty CMP 9872 Observations - initial down trend from 10137 to 9685 levels - Nifty has gone in to consolidation there after Nifty has to break 9800 decisively to give confirmation of continuation of down trend Target for the pattern 9380-9360 zone Stop can be placed at 9930 Risk::Reward ratio is 1::8 This is a positional view and not a day trade...
Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels... Levels------------------------------------ Fib retracement-------------------------- Fib Level - closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711 - high of 9947...
Nifty CMP 9913 Chart is pretty simple... Nifty has been trading in the up trend channel since March 2017 Currently it is at the upper end of the channel... Rest explained in the chart... Plan your trade accordingly...!!! Take care & safe trading...!!!
Everything is mentioned on chart.... Do your own study before making any positions.... :D
DIC India has made breakout with higher volume.... Targets are: 555/585/610 SL: 520 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
HDIL CMP 88.40 The stock has seen some correction from 94 odd levels Holding 89-87 zone (buy zone) the stock can again aim higher for targets of 93 and above that 100+ A close below 84.80 on closing basis should be considered as Stop loss Do review your trading plan and plan your trade accordingly...!!! Take care & safe trading...!!!
Symmetric Triangle + Channel Breakout in the hourly charts of Asian Paints... Targets are 1165/1175/1190 SL : 1150 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
BTC is on the verge of making a historic run breaking the 2000 USD psychological barrier with an expected high in the 2200 USD region before a consolidation back to the 1600 USD region. There is expected to be a huge influx of 'New Money' coming into the Crypto Sphere.
Stock price is Trading at long term support of 200 WMA placed around 430. Stochastic and RSI are Plotted around the oversold zone on the weekly charts Weekly ADX indicator has turned bullish One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.
We are looking at a 8 year Nifty IT chart Lets see what the chart is trying to tell us... - Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels - Since Jan 2009 till March 2015 the index has been making higher top higher bottom - It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis Hence...
NSE:PNB is showing good market structure with rising volume on up-moves. * See those green volume spikes. Short-term target would be intermediate resistance of 129. Stop-loss would be a good trendline break.
Waiting for breaking flag will not result in favourable risk to reward ratio..... hence reccomend buying around 608-610 with stoploss of 600 & target 650 (risk:reward ---1:4)