Trend Line Break

The support of 0.68840 proves to be a tough nut for the bears. After bouncing back sharply twice, the pair was under the cloud of a bearish trendline for 5 months, which has broken now. Also, the pair found support at 61.8% of the previous rally, which is a strong bullish sign. Hence, we expect the trade with bullish bias. The next levels to watch out for are the...

Nifty broke it's short term trendline two times in three days. It looks like Nifty is heading towards the support range of 11,230 to 11,250.

The Index has broken the trendline which paved the bull rally for the past 10 days. It is consolidating below the trendline and there is a slight chance for a pull back rally to test the broken trendline. However, the break could trigger a profit booking rally and the index is set for a bearish move for now.

The trendline in the 15-min chart has run its course with a strong bearish candle closing below it. The price is just consolidating below the line for now. Hence we expect the pair to be bearish for the short term.

BTST IN M&M MAR FUT BEARISH TRENDLINE BREAK ABOVE RESISTANCE BUY@675 STOP@665 TARGET@690 LOT:1000 QTY:1

IGL at important support level ,if breaks this level may see down fall. Intraday call short if price breaks the level Target :283 in case of rejection positional buy for target 310

NSE:BANKNIFTY BankNifty has decisively closed above short term trendline. If starts trading above yesterday's high then it will remain bullish today and for short term too.

Notes on the chart Regards

Ref. chart

POSITIONAL TRADE IN GRASIM MARCH FUT DOUBLE BOTTOM IN GRASIM BUY@790 STOP@770 TARGET@820-840 LOT:750 QTY:1

Friday's selloff in Kotak Mahindra Bank due to ING's stake sale has taken it back to its supporting trendline. Seems that it has already broken the trendline slightly, but will look for confirmation to sell it for targets of 1210 and 1170. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your...

Price is trading at support zone on the higher timeframe and we also see some buying momentum from support with 1hr trendline break confirmation, Now we need a clear buy setup to enter.

Levels supported by weekly formation of scrip .. placing bet on daily keeping Resistance of 27800 , and looking for the 27000, 26800 26500 for coming weeks. ***Above mention setup is for Educational Purpose only . Please concern your adviser before taking trade.***

SWING TRADE IN RELIANCE JAN FUT AFTER BREAKING THE BEARISH TRENDLINE STOCK HAS MANAGED TO BREAK ABOVE THE STRONG RESISTANCE LEVEL JAN FUT BUY@1188 STOP@1160 TARGET@1220 LOT:500 QTY:2

BTST IN RELIANCE JAN FUT BEARISH TRENDLINE BREAKOUT ON THE UPSIDE RISING OI WILL LEAD THE NIFTY BREAKOUT SYMMETRICAL TRINANGLE ON HOURLY CHART BUY@1130 STOP@114.5 TARGET 1@1150 TARGET 2@1175 LOT:500 QTY:2

BTST IN MINDTREEE(CONDITIONAL) JAN FUT MUST BREAK THE BEARISH TRENDLINE ON CLOSING BASIS RISKY TRADERS CAN CREATE POSITIONS IN OPTIONS BUY@865 (CLOSE ABOVE 864) STOP@840 TARGET@900 LOT:600 QTY:1

BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...

monthly view bullish