Nifty has crucial resistance near 11285/300, if fails to holds above the said level it might move towards 11402. If fails to hold the levels, expect fall towards 11114 and below that 10985/10885.
I am looking this could be its last move up based on the theory of R N Elliott , and as theory suggests the structure of the price behaviors is always
mouthpiece of investor sentiments
there is meaning in every structure which forms in the market due to mass participants
This one is clearly informing its forming an expanding edge which certainly indicate...
EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back....
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Tata Consultancy Services
Lets Analyse :-
a)TCS which has the single largest market cap in the Indian stock market dropping down for the '5th Consecutive Day'.At the same time the Nifty is showing some strength.
b) Looking at the chart we can clearly see that the stock has found sellers in between 2250-2300 price range on 3 different but consecutive...
This scrip is moving in small channel , we know exactly how they brake and when they brake they move fast
One can expect the push may run up to 1630 + , i dont advise on selling with in the channel ,
One can wait for channel to brake and close below then look for sell set up for next move down
Book the profits near forecast area
Crude has been moving sideways for the better part of the day and now looks poised for a down swing.
The trade setup provides an excellent risk-reward ratio. Entry on break....still awaited.
All the best!